Million refinement, Fengyuan Chemical IPO was

The China Securities Regulatory Commission announced yesterday that after the review of the 151st and 153th working conferences of the PPRC in 2010, the IPO applications of Yantai Wanrun Fine Chemicals and Shandong Fengyuan Chemical had not been approved.

According to pre-disclosure materials, Wanrun Refinement originally planned to issue 35 million shares, the total share capital after issuing was 1.3836 billion shares, and 346 million yuan was raised to invest in the first-phase (400 tons) project of 600 tons of liquid crystal material construction projects; Fengyuan Chemical It plans to issue 23 million shares, with total share capital of 96.8484 million shares after the issuance, and 275 million yuan of funds will be raised to invest in two new projects with an annual output of 100,000 tons of oxalic acid.

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