20
Jun
09:54
Xingang raises capital for electricity project
China’s Jiangxi Xinyu Steel Company (Xingang) will issue up to 302 million shares in a non-public offering to ten investors, according an announcement seen by Kallanish.
It hopes to raise CNY 1.76 billion ($270 million). Excluding distribution costs, the capital will all be used on a gas comprehensive high efficiency utilization electricity power project, and to repay bank loans. The CNY 1.26 billion power project will be built over two years and will cut …
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Anonymous
Very good overview of the weekly steel market.
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