What will the company use the funds raised by issuance of Sinopec Bonds 2004 for? Does the company plan to refinance itself by means of increasing its share capital or issuing bonds in future?
The total amount of funds raised by bonds issued at this time accounted for RMB 3.5 billion. Among others, 650 million was spent to finance the construction project titled “Shanghai~Ningbo-Nanjing Imported Crude Oil Pipeline”, 600 million is to be used for construction of a Finished Oil Products Pipeline in China’s Souththe companyst, 1.4 billion is to be used in the project “Technological Transformation for Adjustment of the Mix of Synthetic Resin Products”, and 850 million is to be used in the project “Technological Transformation for Remodification of Raw Materials of Production of Chemical Fertilizers” (of which, 300 million is to be used in the Baling Project, 300 million in the Hubei Project, while 250 million in the Jinling Project). All such projects will help the company enhance its economic benefits and enhance its core competitive further still. Referring to the funding demands and concrete conditions in the capital market, the company does not rule out the possibility of fi
Related Questions
- What will the company use the funds raised by issuance of Sinopec Bonds 2004 for? Does the company plan to refinance itself by means of increasing its share capital or issuing bonds in future?
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- What is the type of company and range of the size of investment that the CMDF funds will make in a company?
