Cement News tagged under: Jinyuan Cement
China: Jinyuan Cement to raise CNY1.36bn in private share placement12 July 2016, Published under Cement NewsJinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement bought a 51 per cent stake in a Jiangsu-based new materials technology firm from the Jinyuan Holding Group for CNY2.55m. Earlier this year Reuters said the company had scrapped a major asset restructuring plan. Jinyuan Cement reported revenues of CNY95.42m in 1Q16, up from CNY92.36m in 1Q15. The company’s net lo... |
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