Nonfemet to Raise 1.525 Bln Yuan for Recycling and Metal Projects

SHANGHAI, Jul. 3 (SMM) - Zhongjin Lingnan Nonfemet Co. will raise 1.525 bln yuan for recycling and metal projects and add to liquidity, .cs.com reported.

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It issued 167 million shares at price of 9.12 yuan per share so as to raise 1.525 bln yuan. The money will be mainly invested in tailings resources recycling and environmental protection treatment project, high-performance composite metal projects, high power mercury-free battery zinc powder and its recycling projects and new material R&D project. 

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