Rongsheng Petrochemical Releases Prospectuses Yesterday
Rongsheng Petrochemical released prospectuses yesterday for their initial public offerings, reports China Securities Journal.
Rongsheng Petrochemical, which specializes in purified terephthalic acid (PTA) and polyester fiber products, plans to issue 56 million A shares in its initial public offering (IPO).
The company will use the funds raised from the IPO to invest in a 1.2 million-ton PTA project and for technical improvements on a polyester fiber project.
The company had total assets of 9.325 billion yuan as of the end of June and recorded a net profit attributable to shareholders in the first half of 575 billion yuan.
Rongsheng Petrochemical, which specializes in purified terephthalic acid (PTA) and polyester fiber products, plans to issue 56 million A shares in its initial public offering (IPO).
The company will use the funds raised from the IPO to invest in a 1.2 million-ton PTA project and for technical improvements on a polyester fiber project.
The company had total assets of 9.325 billion yuan as of the end of June and recorded a net profit attributable to shareholders in the first half of 575 billion yuan.
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文章关键词： Rongsheng Petrochemical IPO
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