22
May
07:45
Isky Chemicals to raise CNY 800 million for manganese sulphate project
Changsha-headquartered Isky Chemicals plans to raise about CNY 800 million ($113.94m) through its initial public offering at Shenzhen Stock Exchange to expand its high-purity manganese sulphate capacity.
The IPO is targeting a total of CNY 1.2 billion. After deducting the issuance expenses, the company will allocate CNY 800m for a 150,000 tonnes/year project and CNY 400m will be used as supplementary working capital, Kallanish learns.
Founded in 2000, Isky Chemic…
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