Guangxi Guifen (000833.SZ) plans to raise funds through private placement of shares not exceeding 900 million yuan.

The Zhitong Finance APP reported that Yuegui Co., Ltd. (000833.SZ) announced that the company plans to issue A shares to specific objects, raising a total amount of funds not exceeding 900 million yuan. The net amount after deducting issuance expenses will be used for the following purposes: 100,000 tons/year of refined wet-process phosphoric acid project, investment project in the quartz sandstone mine for glass use in Baimianshi Mine Area, Xiatai Town, Yingde City, Guangdong Province, large-scale and automated crushing and grinding system project in Yunsulfur Mining.