Xinye Textile plans 165,000-spindle spinning project in Xinjiang

Xinye Textile announced a convertible bond plan to raise up to CNY 1.6 billion, including CNY 610 million for a 165,000-spindle high-end spinning construction project in Awati, Xinjiang, producing 24,800 tons of high-grade cotton combed compact spinning annually.

“The 165 thousand spindles high-end spinning construction project is located in the Awati industrial cluster area of Akesu, Xinjiang.”sjfzxm.com

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