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Limin Chemical: USD 151.8 million was raised to build projects for emamectin benzoate, fosetyl-aluminium and other pesticides

 Limin Group Co., Ltd (formerly known as Limin Chemical) released prospectus of public offering of convertible corporate bond and several other announcements on 25 Feb., 2021. The total amount of convertible bond reached USD 151.8 million. After deducting issuance costs, the funds will be used for following 5 projects, including technological transformation project for 12,000t/a fosetyl-aluminium TC.

 

Table : Proposed investment projects of Limin Chemical’s fund raised on 25 Feb., 2021 (million USD)

Project

Total investment

Amount of fund raised to be invested

Technological transformation project for 12,000t/a fosetyl-aluminium TC

35.6

32.1

Processing project for 10,000t/a water-based environmentally friendly formulations

22.0

20.3

New construction project for 500t/a emamectin benzoate

10.4

4.2

Green and energy conservation project

59.2

50.3

Supplementary current capital

44.9

44.9

Total

172.1

151.8

Source: Limin Chemical


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