Brief: Xinte Energy Approved Resolution In Relation To Listing A Shares On Shanghai Stock Exchange

Xinte Energy

15/03/2022 11:58

March 15 (Reuters) - Xinte Energy Co Ltd  1799.HK :
    * CONSIDERED AND APPROVED RESOLUTION IN RELATION TO CO'S
PROPOSED
IPO AND LISTING OF A SHARES ON SHANGHAI STOCK EXCHANGE
    * PROPOSES TO USE PROCEEDS RAISED FROM A SHARE OFFERING TO
INVEST
IN CONSTRUCTION OF 200,000-TON POLYSILICON PROJECT IN ZHUNDONG
    * TOTAL INVESTMENT OF 200,000-TON POLYSILICON PROJECT IN
ZHUNDONG
IS RMB17.6 BILLION
    * RMB8.8 BILLION WILL BE FUNDED THROUGH CAPITAL INJECTION BY
CO TO
SILICON NEW MATERIALS BY PROCEEDS RAISED FROM A SHARE OFFERING
    * PROPOSED A SHARE OFFERING IS SUBJECT TO APPROVAL AT EGM
AND
CLASS MEETINGS AND APPROVAL OF CSRC

Source text for Eikon:  ID:nHKS9pgWXH 
Further company coverage:  1799.HK 

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