On October 15, the extraordinary shareholders meeting of Shandong Yanggu Huatai Chemical Co., Ltd. deliberated and approved that the total amount of funds raised from the issuance of convertible corporate bonds does not exceed RMB 500 million yuan (including RMB 500 million yuan). After deducting the issuance costs, it is planned to invest 350 million yuan in the project with an annual output of 90,000 tons of rubber chemicals and 150 million yuan in replenishing working capital.

The first phase of the 90,000 tons of rubber chemicals project will increase the annual output of 40,000 tons of insoluble sulfur. The second phase of the project will add an annual output of 35,000 tons of resin and an annual output of 10,000 tons of adhesive HMMM.

The picture below is Shandong Yanggu Huatai Chemical Co., Ltd.