サテライト・ケミカル announced plans to invest RMB20.7 billion in Shenzhen to build a propylene plant and production facilities for new materials. The share price fell 2% after the announcement.
In materials disclosed in Shenzhen, サテライト・ケミカル revealed plans to invest RMB20.7 billion to build new propylene and new-materials production facilities.
The public materials describe the announcement as the construction of a propylene plant costing approximately RMB21 billion, while the body of the text states an investment amount of RMB20.7 billion. The specific name of the facility is given as the “propylene and new-materials production facilities.”
As for the market reaction, the share price fell 2% after the announcement.