Shangfeng Cement announced on the evening of November 2 that the company intends to adjust the scale of the fund raised by the allotment of shares and reduce the total amount of the fund raised from no more than 1.28 billion yuan to no more than 1.26 billion yuan. After deducting the issuance expenses, it will be used for Uzbekistan Andijan 3200 t/d clinker cement production line project, energy-saving, environmental protection and intelligent technology transformation project, Bole Zhongbo grinding production line project and repayment of bank loans and financing leases.
Shangfeng Cement: Feasibility Analysis Report on the Project Invested with the Funds Raised from Rights Issue (Second Revision)