Yida shares: 150,000 tons of epoxy propane project construction has entered the final stage of work

Recently, Yida shares in the interactive platform said: the company's 150,000 tons of epoxy propane project construction has entered the final stage of work.
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January 2019, the Taixing Government website of Jiangsu Province published the Environmental Impact Report (Draft for Comments) of taixing Yida Chemical's annual output of 150,000 tons of epoxy propane project.
March 25, 2020, Yida shares announced that the Company intends to issue no more than 24.1713 million shares (including this amount) in private, raising no more than 200 million yuan

. After deducting the issuance costs, the funds raised will be used for the construction of the "150,000 tons per year epoxy propane project" to speed up the completion and commissioning of the project in order to enhance the competitiveness of the company and lay the foundation for the continuous expansion of the company's business scale.
It is understood that the total investment of the fund-raising project "150,000 tons of ethylene propane per year" project is 1,025 million yuan, the company's non-public offering of funds to invest no more than 200 million yuan, the project is located in taixing City Economic Development Zone, the project is to use HPPO green cleaning process to build an annual output of 150,000 tons of ethylene propane plant, supporting the construction of an annual output of 180,000 tons of hydrogen peroxide (60%) plant (60%) of raw materials, public works facilities.
completion of the project, the company will form an annual output of 150,000 tons of epoxy propane production scale, can provide the company with reliable propane raw materials to ensure that the company to establish upstream and downstream integration of the development of competitive advantage.
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