Hailiang Co., Ltd.: Plans to invest 5.05 billion yuan to build an annual 67,500-ton copper foil production line project

People’s Finance and News, March 31: Hai Liang Co., Ltd. (002203) announced on March 31 that its controlling subsidiary, Gansu Hai Liang, plans to invest in and build an annual 67,500-ton copper foil production line project in Zhuji City, Zhejiang Province. This investment project is planned to be implemented by Gansu Hai Liang setting up a wholly owned subsidiary, Zhejiang Hai Liang New Energy Materials Co., Ltd., as the implementation subject. The project will be built in three phases. After all phases are completed and put into operation, it will form about 67,500 tons per year of electro-deposited copper foil production capacity. The total investment in the project is expected to be 5.05 billion yuan.

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