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BRIEF-CNGR Advanced Material Plans Share Issue To Fund Nickel Projects

reuters.com · 06/10/2022 07:23
BRIEF-CNGR Advanced Material Plans Share Issue To Fund Nickel Projects

- CNGR Advanced Material Co Ltd 300919.SZ:

  • SAYS IT AIMS TO RAISE UP TO 6.68 BILLION YUAN ($998.39 million) IN PRIVATE PLACEMENT OF SHARES

  • SAYS PROCEEDS WILL BE USED TO FUND NICKEL PROJECT IN INDONESIA, TWO DOMESTIC NICKEL PROJECTS, IRON PHOSPHATE PROJECT AND BOOST CAPITAL

Source text

Further company coverage: 300919.SZ


($1 = 6.6908 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))