05
Sep
06:32
Henan Hongdongfang to raise funds for electrolyte project through Beijing IPO
Chinese chemical firm Henan Hongdongfang recently submitted its listing materials to the Beijing Stock Exchange for an initial public offering (IPO) there. The firm plans to raise about CNY 1.29 billion ($176.96 million) for electrolyte projects, Kallanish learns.
In this IPO, the company plans to issue up to 25.53m shares (without considering the over-allotment option), or up to 29.36m shares (if the over-allotment option is fully exercised), to raise CNY 1…
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Very good overview of the weekly steel market.
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