Brief: China Risun Group Ltd Updates on JV

China Risun

13/07/2021 15:22

July 13 (Reuters) - China Risun Group Ltd  1907.HK :
    * TARGET PRODUCTION CAPACITY REQUIRED FOR OPERATION OF RISUN
LING
STEEL WAS NOT APPROVED BY RELEVANT GOVERNMENT AUTHORITIES
    * BOARD OF DIRECTORS OF RISUN LING STEEL DECIDED TO
TERMINATE
CONSTRUCTION OF ANCILLARY COKING PROJECT
    * RISUN GROUP WILL ACTIVELY LOOK INTO SUBSEQUENT DEVELOPMENT
OF
RISUN LING STEEL WITH LINGYUAN IRON & STEEL
    * AS AT JULY 13, RISUN GROUP PAID RMB70 MILLION REGISTERED
CAPITAL
OF RISUN LING STEEL ACCORDING TO PROJECT FUNDING REQUIREMENTS
    * TERMINATION OF CONSTRUCTION OF PROJECT BY RISUN LING STEEL
TO
NOT HAVE ANY SIGNIFICANT IMPACT ON CO'S OVERALL BUSINESS


Further company coverage:  1907.HK 

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