Hubei Heyuan Gas approved to be listed on Shenzhen Stock Exchange

摘要

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 about 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 gas operation centre.