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Dongfang Shenghong Refining and Chemical Integration Project officially signed a 41.5 billion loan, and the stock price hit a five-year high

 Last Update: 2022-03-21
 Source: Internet
 Author: User

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On November 17, Oriental Shenghong issued an announcement regarding Shenghong Refinery (Lianyungang) Co.

According to the contract, the syndicate agreed to provide Shenghong Refinery with a total of no more than 41.

On November 17, the stock price of Oriental Shenghong rose to 9.

Oriental Shenghong once announced on August 13 that Shenghong Refinery and the above-mentioned syndicate had signed a syndicated closing agreement, confirming a loan share of 41.

The Oriental Shenghong project was approved by the National Development and Reform Commission in September 2018.
Construction was officially started in December of the same year, and it is expected to be put into production at the end of 2021.

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