Sinosteel International to increase investment of RMB1 billion in Sinosteel MECC

Sinosteel International announced on August 1st that it will increase investment in its wholly-owned subsidiary, Sinosteel MECC, with funds of RMB1 billion raised through public issuance of convertible bonds and owned by itself.Asian Metal Copyright .Asian Metal Copyright In particular, the raised funds for investment increase will continue to be used in accordance with the original arrangement, namely to supplement working capitals and develop Inner Mongolia (Naiman) Jing'an Nonferrous Metal Materials Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright51 million to RMB4 billion USD591.Asian Metal Copyright's EPC project for 1,200,000tpy ferronickel.Asian Metal CopyrightSinosteel International announced on August 1st that it will increase investment in its wholly-owned subsidiary, Sinosteel MECC, with funds of RMB1 billion raised through public issuance of convertible bonds and owned by itself.Asian Metal Copyright After the investment increase is completed, Sinosteel MECC's registered capitals will increase from RMB3 billion (USD443.Asian Metal Copyright35 million and all shares of the company will continue to be held by Sinosteel International.Asian Metal Copyright51 million) to RMB4 billion (USD591.Asian Metal Copyright35 million and all shares of the company will continue to be held by Sinosteel International.Asian Metal Copyright35 million) and all shares of the company will continue to be held by Sinosteel International.


.Asian Metal Copyright In particular, the raised funds for investment increase will continue to be used in accordance with the original arrangement, namely to supplement working capitals and develop Inner Mongolia Naiman Jing'an Nonferrous Metal Materials CoAsian Metal Copyright