Yangling Metron New Material (SHE:300861) said it will proceed with completing the high-efficiency diamond wire construction project.
The advanced materials manufacturer will also permanently supplement working capital with surplus funds of 326.1 million yuan, according to a Thursday filing with the Shenzhen bourse.
Yangling Metron New Material changed the scale of the project to 500 high-efficiency diamond wire production lines with an annual output of about 54 million kilometers from the initial 300 high-efficiency diamond wire production lines with an annual output of 15 million kilometers.
Shares of the company rose 1% in recent trade.
Price (RMB): ¥23.01, Change: ¥+0.33, Percent Change: +1.46%
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