Over-raised 2.6 billion yuan! Atlas invested in the construction of 14 GW silicon wafer project in Yangzhou, and planned to raise 500 million yuan

On November 30, Atlas announced that it planned to use part of the over-raised funds of 500 million yuan to build a 14 GW silicon wafer project in Yangzhou Atlas Optoelectronics Co., Ltd.

The announcement shows that the net amount of the actual fund raised by Atlas's initial public offering after deducting the issuance fee is 6.628 billion yuan, of which the total amount of the project invested by the fund raised is 4 billion yuan and the over-raised fund is 2.628 billion yuan.

It is reported that the total investment of Yangzhou Atlas Photoelectric Materials Project with an annual output of 14 GW solar monocrystalline silicon wafers is about 900 million yuan (including liquidity), of which 500 million yuan is planned to be used, accounting for 19.02% of the company's over-raised funds. The project plans to build a new silicon wafer slicing workshop, warehouse, wastewater treatment station and other projects. At the same time, the project plans to add slicing equipment, sorting equipment, automation equipment and other equipment. After the completion of the project, it is expected to increase the production capacity of high-efficiency solar wafers by 14 GW/year. The construction period of the project is tentatively scheduled for one year.

As of November 30, the project has been put on record, and the approval procedures such as environmental assessment still need to be completed.