Chitianhua Raises Fund to Finance Coal-based Urea Project

来源 :China Chemical Reporter | 被引量 : 0次 | 上传用户:kyunlong
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Guizhou Chitianhua Co., Ltd.(Chitianhua, SH:600227) says to raise fund of up to RMB1.2billion via publicly issuing new shares.The proceeds will be spent in acquiring a50% stake in Guizhou Jinchi Chemical Co.,Ltd.(Jinchi) from Guizhou West ElectricPower Co., Ltd.and finance Jinchi’s coalchemical project in Tongzi of Guizhouprovince.Chitianhua currently has a 50%stake in Jinchi, upon completion of the deal,Chitianhua will hold a 100% stake in Jinchi. Guizhou Chitianhua Co., Ltd. (Chitianhua, SH: 600227) says to raise fund of up to RMB1.2billion via publicly issuing new shares. The proceeds will be spent in acquiring a 50% stake in Guizhou Jinchi Chemical Co., Ltd. Jinchi) from Guizhou West ElectricPower Co., Ltd. and finance Jinchi’s coal chemical project in Tongzi of Guizhouprovince. Chitianhua currently has a 50% stake in Jinchi, upon completion of the deal, Chitianhua will hold a 100% stake in Jinchi.
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