On December 9, Longji Green Energy announced that it had decided to terminate its plan to issue global depository receipts (hereinafter referred to as "GDR") overseas and list them on the Swiss Stock Exchange .
As for the termination of the issuance, Longji Green Energy explained that due to changes in various external factors and the expiration of the validity period of the company's relevant resolutions on the issuance and listing, the company, based on the actual situation and after discussion and analysis. Decide to terminate the issuance of global depositary receipts overseas.
Previously, on November 21, 2022, the company considered and approved the proposal of issuing GDR and listing on the Swiss Stock Exchange, and agreed to issue global depository receipts overseas and apply for listing. The resolution is valid for 18 months .
According to the previous announcement, Longji Green can issue GDR in Switzerland, which is expected to raise nearly 20 billion yuan . It will be used in Ordos 46 GW monocrystalline silicon rod and slice project, Ordos 30GW monocrystalline battery project, Malaysia 6.6GW monocrystalline silicon rod project, Malaysia 2.8GW monocrystalline module project, Vietnam annual output 3. Details are as follows:
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