CNGR Advanced Material to Redirect HK$1 Billion IPO Funds to China Projects

MT Newswires Live
10小时前

CNGR Advanced Material HKG:2579, SHE:300919) plans to reallocate HK$1.2 billion of its Hong Kong IPO proceeds from a planned South Korea project to phosphate-related projects in China, according to a bourse filing.

The company will redirect HK$438.3 million to its Kaiyang phosphate mine project in Guizhou and HK$763.1 million to three phases of a phosphorus-based integrated industrial project.

CNGR said it decided not to proceed with the South Korea project for now amid changes in the global power battery market and increased uncertainty over demand and returns.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10