Jindan Technology increases investment by 1 billion yuan in PLA project
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Jindan Technology to Increase Investment in PLA Project 2026-02-27 14:48:13 Recently, Jindan Technology issued a statement stating that it intends to use its own funds to increase investment in the project aimed at producing 75,000 tons per year of polylactic acid, a biodegradable material, as part of the company’s efforts to raise capital by issuing convertible corporate bonds to unspecified investors. The announcement states that it is planned to use self-raised funds to increase investment in the project for producing 75,000 tons per year of polylactic acid biodegradable materials by 147,878,200 yuan; after this additional investment, the total investment in this project is expected to reach 1,030,000,000 yuan. Regarding the reasons for the capital increase, Jindan Technology stated that due to the long construction period for the project aimed at producing 75,000 tons per year of polylactic acid biodegradable materials, increases in the cost of imported equipment and losses resulting from exchange rate fluctuations occurred during the period from the preparation of the project feasibility study report to the signing and implementation of the main contracts ； On the other hand, in order to improve the level of intelligence and operational efficiency once the project is completed, additional investments were made in the construction of certain auxiliary facilities and in technical services, which ultimately resulted in actual expenditures exceeding the budgeted amount. Jindan Technology states that this additional investment will facilitate the smooth progress of the projects funded by this raise, will not affect the feasibility of those projects, and will help improve their operational efficiency and level of automation once they come online. In the long term, it enables effective control of subsequent testing and production costs, thereby better ensuring the future product quality and the long-term stable operation of the project.
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