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    Home > Chemicals Industry > Chemical Technology > GCL IC plans to raise 3.15 billion yuan to invest in photovoltaic cells and other projects

    GCL IC plans to raise 3.15 billion yuan to invest in photovoltaic cells and other projects

    • Last Update: 2022-11-22
    • Source: Internet
    • Author: User
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    GCL Integrated announced on the evening of September 20 that according to the stock issuance plan, the company intends to issue no more than 70,000,000 shares (including 70,000 shares)
    to no more than 10 specific investors, including securities investment fund management companies, securities companies, insurance institutional investors, trust and investment companies, financial companies, qualified foreign institutional investors and other qualified investors and natural persons who comply with laws and regulations 。 The issue price of shares shall not be less than 90% of the average trading price of the company's shares in the 20 trading days preceding the pricing reference date (average stock trading price in the 20 trading days prior to the pricing reference date = total stock trading volume in the 20 trading days prior to the pricing reference date / total stock trading volume in the 20 trading days preceding the pricing basis date).

    The Offering will not result in a change
    in control of the Company.

    Regarding the purpose of fundraising, the total amount of funds raised by the company in this non-public offering shall not exceed 315,000.
    00 yuan, which will be used for 160,000 yuan for 1600MW high-efficiency differentiated photovoltaic cell projects, 5300 million yuan for 250MW ultra-efficient heterojunction photovoltaic cell projects, 90 million yuan for 500MWh energy storage battery projects and 93,000,000 yuan
    for supplementary working capital.

    According to reports, the photovoltaic cell project is planned to consist of two sub-projects: a 1600MW high-efficiency differentiated photovoltaic cell project and a 250MW ultra-efficient heterojunction photovoltaic cell project, the main construction content includes: the project plans to lease some plant buildings, warehouses, power stations, wastewater stations, chemical warehouses, substations and gas tank farms and other facilities in Xuzhou Xinyu; It is planned to purchase major process equipment and instruments according to the annual output of 250MW heterojunction cell production capacity, and build corresponding production lines
    .
    The project construction period is about 24 months
    .
    The total investment is 585.
    65 million yuan, of which: the investment in fixed assets is 556.
    000 million yuan, the bottom working capital is 29.
    65 million yuan, and the estimated financial internal rate of return (after income tax) of the project investment is about 16.
    67%; The 500MWh energy storage battery project is implemented
    by Suzhou GCL Integrated Energy Storage Technology Co.
    , Ltd.
    , a wholly-owned subsidiary of GCL Integrated Investment.
    The project address is located in Suzhou High-tech Zone
    , Jiangsu Province.
    After the completion of this project, it will form an annual output of 500MWh energy storage battery production capacity
    .
    The main construction contents include: the project is planned to be implemented in Suzhou High-tech Zone leased plant, and it is planned to purchase main process equipment and instruments according to the annual output of 500MWh energy storage battery system, and build corresponding production lines
    .
    The project construction period is about 12 months
    .
    The total investment is 161.
    54 million yuan, of which: the investment in fixed assets is 100.
    04 million yuan, the bottom working capital is 61.
    500 million yuan, and the estimated financial internal rate of return (after income tax) of the project investment is about 20.
    30%; Finally, the company intends to use 93,000.
    00 yuan of the funds raised by this non-public offering to supplement liquidity, mainly to meet the capital needs of the company's business for continuous operation and development, and also to optimize the capital structure and reduce financial risks
    .

    GCL Integration said that after this private offering, the company will be able to build 1.
    6GW of high-efficiency batteries and 250MW of ultra-high-efficiency battery production capacity, develop upstream to the industry, seize the opportunity of photovoltaic market development, realize the integration of upstream and downstream of the industry, reduce the supply chain risk of cells, and obtain market benefits
    .
    And by raising investment to build energy storage battery projects, on the one hand, it can further deepen the main business and form a differentiated competitive advantage; On the other hand, it can enhance the company's profitability, form new profit growth points, enhance the company's influence in the industry, and promote the benign development
    of the main business.

     

    GCL Integrated announced on the evening of September 20 that according to the stock issuance plan, the company intends to issue no more than 70,000,000 shares (including 70,000 shares)
    to no more than 10 specific investors, including securities investment fund management companies, securities companies, insurance institutional investors, trust and investment companies, financial companies, qualified foreign institutional investors and other qualified investors and natural persons who comply with laws and regulations 。 The issue price of shares shall not be less than 90% of the average trading price of the company's shares in the 20 trading days preceding the pricing reference date (average stock trading price in the 20 trading days prior to the pricing reference date = total stock trading volume in the 20 trading days prior to the pricing reference date / total stock trading volume in the 20 trading days preceding the pricing basis date).

    The Offering will not result in a change
    in control of the Company.

    GCL integration

    Regarding the purpose of fundraising, the total amount of funds raised by the company in this non-public offering shall not exceed 315,000.
    00 yuan, which will be used for 160,000 yuan for 1600MW high-efficiency differentiated photovoltaic cell projects, 5300 million yuan for 250MW ultra-efficient heterojunction photovoltaic cell projects, 90 million yuan for 500MWh energy storage battery projects and 93,000,000 yuan
    for supplementary working capital.

    According to reports, the photovoltaic cell project is planned to consist of two sub-projects: a 1600MW high-efficiency differentiated photovoltaic cell project and a 250MW ultra-efficient heterojunction photovoltaic cell project, the main construction content includes: the project plans to lease some plant buildings, warehouses, power stations, wastewater stations, chemical warehouses, substations and gas tank farms and other facilities in Xuzhou Xinyu; It is planned to purchase major process equipment and instruments according to the annual output of 250MW heterojunction cell production capacity, and build corresponding production lines
    .
    The project construction period is about 24 months
    .
    The total investment is 585.
    65 million yuan, of which: the investment in fixed assets is 556.
    000 million yuan, the bottom working capital is 29.
    65 million yuan, and the estimated financial internal rate of return (after income tax) of the project investment is about 16.
    67%; The 500MWh energy storage battery project is implemented
    by Suzhou GCL Integrated Energy Storage Technology Co.
    , Ltd.
    , a wholly-owned subsidiary of GCL Integrated Investment.
    The project address is located in Suzhou High-tech Zone
    , Jiangsu Province.
    After the completion of this project, it will form an annual output of 500MWh energy storage battery production capacity
    .
    The main construction contents include: the project is planned to be implemented in Suzhou High-tech Zone leased plant, and it is planned to purchase main process equipment and instruments according to the annual output of 500MWh energy storage battery system, and build corresponding production lines
    .
    The project construction period is about 12 months
    .
    The total investment is 161.
    54 million yuan, of which: the investment in fixed assets is 100.
    04 million yuan, the bottom working capital is 61.
    500 million yuan, and the estimated financial internal rate of return (after income tax) of the project investment is about 20.
    30%; Finally, the company intends to use 93,000.
    00 yuan of the funds raised by this non-public offering to supplement liquidity, mainly to meet the capital needs of the company's business for continuous operation and development, and also to optimize the capital structure and reduce financial risks
    .

    GCL Integration said that after this private offering, the company will be able to build 1.
    6GW of high-efficiency batteries and 250MW of ultra-high-efficiency battery production capacity, develop upstream to the industry, seize the opportunity of photovoltaic market development, realize the integration of upstream and downstream of the industry, reduce the supply chain risk of cells, and obtain market benefits
    .
    And by raising investment to build energy storage battery projects, on the one hand, it can further deepen the main business and form a differentiated competitive advantage; On the other hand, it can enhance the company's profitability, form new profit growth points, enhance the company's influence in the industry, and promote the benign development
    of the main business.

     

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