Huate Gas raised funds to expand the production of electronic special gas

On November 25, Huate Gas issued an announcement that its application to issue convertible bonds to unspecified objects was approved by the Shanghai Stock Exchange
.
The total amount of funds to be raised this time will not exceed 646 million yuan, of which 383 million yuan will be used for 1764 tons/year semiconductor material construction projects, 73 million yuan will be used for R&D center construction projects, and the remaining 190 million yuan will be used to supplement working capital
.

The 1,764 tons/year semiconductor material construction project in this fundraising project is implemented by Jiangxi Huate Electronic Chemicals Co.
, Ltd.
, a wholly-owned subsidiary of Huate Gas.

The construction period of the project is expected to be 2 years, the total investment of the project is 466 million yuan, after completion, it will produce a total of 1764 tons
of high-purity carbon monoxide, high-purity nitric oxide, hexafluoropropane and isomers, hydrogen bromide, boron trichloride, ultra-high purity hydrogen, ultra-pure krypton, ultra-pure neon, ultra-pure helium and ultra-pure xenon.

Huate Gas said that the products of the fundraising project are all electronic special gases, which are used in etching, doping, deposition and other processes
of semiconductor production.
Among them, high-purity carbon monoxide, high-purity nitric oxide, ultra-high-purity hydrogen and ultra-pure rare gases are the company's original advantageous products, and the continuous growth of downstream demand in recent years has led to the bottleneck of the current production capacity and the urgent need to expand production
.

High-purity hexafluoropropane, electronic grade hydrogen bromide and electronic grade boron trichloride are the new products planned by the company, and the related products are focused on the future development trend of downstream semiconductor and other application fields, combined with the layout of downstream customer needs, and have a large market space
in the future.

It is worth noting that Huate Gases' expansion of electronic specialty gases does not stop there
.
The company announced on September 26 that it intends to sign a project construction agreement with the Management Committee of Rudong Coastal Economic Development Zone in Jiangsu Province
.
At the same time, the company also plans to build a production base in Rudong Coastal Economic Development Zone, Jiangsu Province, which can have the capacity
of 2,000 tons/year of high-purity fluorocarbon gas, 1,000 tons/year of high-purity carbon dioxide and 1,000 tons/year of high-purity nitrous oxide and other electronic gases.