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On 26 July, 2016, Lianhe Chemical Technology Co., Ltd. (Lianhe Chemical) released the company’s annual report of H1 2016. In the first half of 2016, the company’s revenue was USD267.4 million, down 7.8% YoY; the net profit attributable to shareholders was USD37.1 million, down 18.6% YoY.
On 4 July, 2016, Lianhe Chemical Technology Co., Ltd. (Lianhe Chemical) released a private placement pre-proposal, to raise a fund of USD187.6 million. Specifically, the fund (excluding issuance expenses) is all to be invested into 4 projects (See table below).
On 25 Feb., 2016, Lianhe Chemical Technology Co., Ltd. (Lianhe Chemical) published a notice saying that the company plans to invest no more than USD222.9 million through non-public stock release. The fund will be mainly used in four projects, namely the 445t/a pharmaceutical intermediate project, 1,000t/a LH-1 technological reform project, 9,000t/a ammoxidation series product technological reform project and supplement of cash flow.