On December 9, Jiangsu Dingsheng New Energy Materials Co., Ltd. (Hereinafter referred to as "Dingsheng New Materials") issued a notice on the termination of the issuance of stocks to specific targets and the withdrawal of application documents.
According to the announcement, Dingsheng New Material has decided to terminate the issuance of shares to specific targets and withdraw the application documents after full communication with relevant parties and careful analysis and demonstration, taking into account the external macro-environment and the implementation progress of the company's related projects. On the evening of July
20, Dingsheng New Material issued a fixed increase plan to further increase the battery foil. The announcement shows that the company intends to issue shares in private and raise no more than 2.7 billion yuan in total. Among them, 1.9 billion yuan will be used for the project of producing 800000 tons of battery foil and supporting blanks annually, and 800 million yuan will be used to supplement the liquidity project.
It is reported that Dingsheng New Material has been planning this increase since July last year, which was accepted by the Shanghai Stock Exchange in March 2023 and approved by the Shanghai Stock Exchange on July 5. After nearly a year and a half,
the project still ended in failure.
Data show that Dingsheng New Material is a private enterprise based on new material technology in the production and sales of aluminium processing industry, engaged in research and development, production and sales of various types of aluminium and aluminium alloy plates, strips, foils and their deep processing products, and its customers have covered major domestic energy storage and power battery manufacturers. Including Ningde Times, BYD, LG, SK, ATL, Guoxuan Gaoke, Honeycomb Energy, Yiwei Lithium Energy, Xinwangda , etc.