Raise 1.3 billion! Cross-border rookies accelerate the construction of photovoltaic film production capacity

On June 21, Lukang Biochemical announced that it intends to issue no more than 46.6247 million shares of the company to no more than 35 specific targets and raise no more than 1.3 billion yuan . It is used for the photovoltaic film project with an annual output of 320 million square meters of Lukang (Haining) Film Material Co., Ltd., the photovoltaic film project with an annual output of 120 million square meters of Jiangxi Weike New Material Technology Co., Ltd., the R & D center construction project of Lukang (Haining) Film Material Co., Ltd., and the supplementary working capital. The cross-border photovoltaic industry of Luk

ang Biochemical has not been long .

Previously, Lukang Biochemical was an enterprise focusing on research and development, production and sales of veterinary drugs, covering veterinary premix, veterinary raw materials, food preservatives and other fields. On July 31,

2022, Lukang Biochemical signed the Cooperation Framework Agreement on Asset Acquisition with Wanghong Enterprise Management Center (Limited Partnership) of Yushan County (hereinafter referred to as "Wanghong Center") and Wang Meijun. The listed company intends to purchase 100% equity of Jiangxi Weike New Material Technology Co., Ltd. from Wanghong Center and Wang Meijun in cash, which was approved by the board of directors of the company on January 28, 2023. It formally entered the photovoltaic film industry from the veterinary industry through the acquisition of Jiangxi Weike. On January 30,

2023, Lukang Biochemical announced again that Lukang Haining, a wholly-owned subsidiary of the company, intends to invest in the construction of a photovoltaic film project with an annual output of 800 million square meters in Huangwan Town, Haining City. It is proposed to sign the Investment Framework Agreement for the Photovoltaic Film Project with an Annual Output of 800 million square meters with the People's Government of Huangwan Town. The total investment of

the project is 6 billion yuan , and all of them have reached 100 film production lines . Among them, the first phase of the project will complete 40 production lines in two years, with a total investment of 2.4 billion yuan. The second phase of

the project has completed the construction of 60 production lines, with a total investment of no less than 3.6 billion yuan.

Source: Digital New Energy DNE