North Industries Group Red Arrow Decreases Investment for Production Capacity Construction Project

MT Newswires Live

2024/10/07

North Industries Group Red Arrow (SHE:000519) reduced the investment for its production capacity construction project to 225.7 million yuan, according to a Sept. 30 disclosure on the Shenzhen Stock Exchange.

The Chinese defense products manufacturer previously set the project's investment at 310 million yuan.

The cost adjustment came after the construction costs were increased, while equipment costs, the installation fee and the reserve fund declined.

Price (RMB): Â¥14.72, Change: Â¥+1.3, Percent Change: +9.52%

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