14
Feb
10:46
Yongjin obtains permission to issue shares
Shanghai-listed Zhejiang Yongjin Metal Technology has received approval from the China Securities Regulatory Commission for the company’s non-public offering of stocks worth no more than CNY 1.2 billion ($176 million), Kallanish notes.
Yongjin intends to raise the funds through non-public issuance of shares to no more than 35 specific target buyers.
In addition to replenishing working capital, the funds will be used to support the precision stainless s…
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Anonymous
Very good overview of the weekly steel market.
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