7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
6th World Manganese & Selenium Forum
May 21-22, 2018
Hainan Sanya, China
6th World Antimony Forum
April 23-24, 2018
Zhangjiajie, China
6th International Refractories & Abrasives Summit
April 19-20, 2018
Beijing, China
Shandong Hongqiao under Weiqiao raises short-term financing of RMB1 billion
2017-12-28 16:02:01 【Print】
On December 26, Shandong Hongqiao New Materials Co., Ltd. released Prospectus for the Fourth Short-Term Financing of 2017.
The capital of RMB1 billion raised through short-term financing bonds this time will all be used to supplement working capital for production and operation activities of Shandong Weiqiao Aluminum Co., Ltd. and its subsidiary companies, which is mainly used for purchase of raw materials like alumina, anode block and coal. Shandong Hongqiao expects that the working capital gap of Weiqiao Aluminum and its subsidiary companies in 2018 will be RMB23.236 billion in total.
By the end of September 2017, Weiqiao Aluminum and its subsidiaries owned and operated capacity of 6.46 million tons for aluminum products and auxiliary thermal power plants.
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The capital of RMB1 billion raised through short-term financing bonds this time will all be used to supplement working capital for production and operation activities of Shandong Weiqiao Aluminum Co., Ltd. and its subsidiary companies, which is mainly used for purchase of raw materials like alumina, anode block and coal. Shandong Hongqiao expects that the working capital gap of Weiqiao Aluminum and its subsidiary companies in 2018 will be RMB23.236 billion in total.
By the end of September 2017, Weiqiao Aluminum and its subsidiaries owned and operated capacity of 6.46 million tons for aluminum products and auxiliary thermal power plants.
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