Gansu Qilianshan Cement, has received approval from China Securities Regulatory Commission (CSRC) to raise as much as CNY1.68bn via a rights issue.
The company plans to issue no more than 142 million new shares to all its shareholders at a ratio of three new shares for every ten existing shares.
The proceeds from the issuance will be used to repay the company's short-term commercial paper and replenish working capital.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...