According to local Chinese news, Hubei Heyuan Gas has been approved for listing in the Shenzhen Stock Exchange. No more than 40 million ordinary A shares will be issued to raise around RMB 40m ($5.7m). The capital raised from the listing will be used for projects including the upgrade of gas technology of a branch company, a 70,000 tonnes-per-year food grade nitrogen project in Qianjiang, a gas recovery and purification project in Yichang, and a further gas operation centre.
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