Recently, the registration for private placement of shares by Ningxia Younglight Chemicals Co., Ltd. (000635.SH) (hereinafter referred to as “Younglight”) was approved by the China Securities Regulatory Commission, for which Grandall Yinchuan served as special legal counsel to the issuer.
The funds so raised through this private placement, not exceeding RMB700 million, will be mainly used for the construction of Yingligh's 300,000 tons/year calcium carbide technological transformation project, 29.65MWp distributed photovoltaic power generation project, and sewage technological transformation project. The investment projects are in line with relevant national industrial policies and the company's future strategic development direction.
Grandall Yinchuan has been retained as the special legal counsel for the case with LIU Xiangyang, LIU Qingguo, DU Tao, JIN Jing, FENG Jianjun and WANG Xinyu and other lawyers serving the case.