Xining Special Steel’s share issue plan approved by CSRC

Monday, 25 July 2016 10:00:36 (GMT+3)   |   Shanghai
       

China Securities Regulatory Commission (CSRC) has approved the plan of Qinghai Province-based Chinese steelmaker Xining Special Steel Co.(Xining Special Steel) to issue not in excess of 903,899,000 non-public shares to raise funds, as announced by Xining Special Steel. 
 
Xining Special Steel stated that the raised funds will be used to repay bank loans in order to reduce its debts.

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