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2023-07-13 Longchao metal 398 Comments

Fangda Special Steel to raise funds of up to RMB 3.1 billion for improvement projects, loan repayments

Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has announced that it will raise funds amounting to not more than RMB 3.1 billion ($0.44 billion) for several projects, including plant construction and renovation projects, an ultra-low emission environmental improvement project and an energy saving and carbon reduction upgrade project, while RMB 930 million ($131.4 million) of the total will be used for the repayment of loans.

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SteelprojectsSpecialRMBraisefundsFangdaloanrepayments3.1

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