Jiangsu Eastern Shenghong's (SHE:000301) subsidiary, Shenghong Refining & Chemical (Lianyungang), plans to invest 3.46 billion yuan in the construction of a coking raw material pre-treatment unit, according to a Shenzhen bourse filing on Friday.
The unit, to be located in the National Eastern-Central-Western Regional Cooperation Demonstration Zone, Lianyungang, Jiangsu Province, China, will process 2 million tons of coking raw material every year.
The construction will run for two years, the real estate developer said.