On December 7, Sinochem International successfully issued 829 million shares to 18 specific institutions at a price of 6 yuan per share, raising 4.975 billion yuan. This marks the single largest equity refinancing since the company went public.
The funds raised will primarily support the C3 Project (Phase I) and bolster working capital. This private placement aims to optimize the business layout of new chemical materials and enhance the profitability. Simultaneously, it reinforces the company’s financial robustness and optimizes its capital structure, ensuring stable and sustainable growth.