According to the Zhitong Finance App, Shanshan Co., Ltd. (600884.SH) disclosed plans to issue A-shares to specific targets. The distribution target is Hailuo Group, the indirect controlling shareholder of the company, which subscribes to all shares issued by the company in cash. The total amount of capital raised in this offering does not exceed 4 billion yuan (including the number of shares). After deducting the relevant issuance fees, all of the net capital raised will be used for the integrated base project for lithium-ion battery anode materials with an annual output of 150,000 tons and supplementary working capital.

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