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    Sinosteel New Materials to improve magnetic materials field layout by fundraising

    2020-07-08 11:34:52   [Print]
    On the evening of 7 July, Sinosteel New Materials announced that it will raise funds of no more than RMB1.Asian Metal Copyright16 billion by issuing no more than 171 million shares.Asian Metal Copyright1 billion (USD0.Asian Metal Copyright16 billion by issuing no more than 171 million shares.Asian Metal Copyright16 billion) by issuing no more than 171 million shares.Asian Metal Copyright1 billion USD0.Asian Metal Copyright After deducting issuing expenses, the company will invest the funds in 15,000-ton-per-annum high-performance soft magnetic ferrite materials and devices construction project, high-performance ferrite magnet green manufacturing construction project and testing and inspection intelligence and information construction project, and use the funds as additional working capital.
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