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Zhongwang plans to raise funds for Tianjin aluminium project
Edited by : AL CIRCLE
1 min read
China’s top aluminium extrusion products maker Zhongwang plans to raise about 4.23 billion yuan ($690 million) for an aluminium extrusion project in Tianjin.
The Hong Kong-listed company intends to raise the money through share allocation, it said in a statement on Thursday.
Zhongwang announced in October 2011 that it will invest around $3.8 billion yuan in the next three years for the Tianjin project, where it plans to produce high value-added aluminium products including sheet, plate and foil.
The Hong Kong-listed company intends to raise the money through share allocation, it said in a statement on Thursday.
Zhongwang announced in October 2011 that it will invest around $3.8 billion yuan in the next three years for the Tianjin project, where it plans to produce high value-added aluminium products including sheet, plate and foil.
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