Western Materials (002149.SZ) plans to raise no more than 1.19 billion yuan through a private placement for cold-rolled precision foil strip production line construction projects, among others.

Zhito Finance APP News: Western Materials (002149.SZ) has released a plan for issuing shares to specific targets. The total funds raised from this issuance to specific targets shall not exceed RMB 1.19 billion. After deducting issuance expenses, the funds are intended to be fully used for the following projects: cold-rolled precision foil strip production line construction project, high-performance rare and precious metal materials production line technical transformation project, high-performance titanium and titanium alloy precision casting production line construction project, tungsten and molybdenum materials industrialization project for high-end equipment, and supplementing working capital.