Shanshan Co., Ltd. (600884.SH) plans to raise no more than RMB 4 billion through a private placement to Conch Group.

Zhitong Finance APP News, Shanshan Co., Ltd. (600884.SH) disclosed a preliminary plan for issuing A-shares to specific targets. The target of the issuance is the company's indirect controlling shareholder, Conch Group, which will subscribe to all of the company's shares issued this time in cash. The total amount of funds raised in this issuance shall not exceed RMB 4 billion (including that amount). After deducting relevant issuance expenses, the net amount of funds raised will be used entirely for: the integrated base project with an annual output of 150,000 tons of lithium-ion battery anode materials, and supplementing working capital.