18
Nov
09:51
Yuntianhua to raise fund for iron phosphate production capacity expansions
Shanghai-listed chemical manufacturer Yunnan Yuntianhua announced it plans to raise no more than CNY 5 billion ($701.40 million) for two iron phosphate production expansions, as well as paying off bank loans.
According to its announcement released on 16 November, before the funds raised from this non-public offering are in place, the company will first invest with self-raised funds according to the actual progress of the projects, and later replace them…
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