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China’s Ji En Nickel to Raise $928 Million Via Private Placement
Jul. 20, 2011 07:40AM PST
Base Metals Investing
Reuters reports China’s Jilin Ji En Nickel Industry (SHA:600432) is looking to raise up to 6 billion yuan ($928 million) via a private placement.
Reuters reports China’s Jilin Ji En Nickel Industry (SHA:600432) is looking to raise up to 6 billion yuan ($928 million) via a private placement.
The market news is quoted as saying,
Ji En will issue up to 300 million A-shares and the proceeds will be used to fund its nickel laterite smelting project in Indonesia, the company said in a filing to the Shanghai Stock Exchange.