June 17 -- Sichuan Chengfei Integration Technology (002190), a Chengdu-based producer of automobile molds and tools, announced its private placement plan was approved by the China Securities Regulatory Commission, reports 163.com.

Chengfei previously announced it will raise 1.02 billion yuan by issuing 106 million shares at 9.7 yuan per share to fund a lithium battery project. CNAC Lithium (Luoyang), a subsidiary of Chengfei, will undertake the project. The subsidiary has a registered capital of 135 million yuan and produces lithium batteries.

Shares of Sichuan Chengfei Integration Technology (002190) wrapped up trading at 30 yuan today.