185 million new 4 cement subsidiaries in Qilian Mountains

Qilian Mountains (600720) February 25 Evening announcement, the company intends to establish Gulang Qilian Cement Co., Ltd. in Gulang County, Gansu Province, to carry out the preliminary work of 4500t/d new dry cement production line (with pure low-temperature heat power generation) project.　　The company is to set up a registered capital of 50 million yuan. The company also announced that the company intends to set up Zhangye Qilian Cement Co., Ltd. in Zhangye, Gansu province, to carry out the prophase work of Zhangye Dragon Phase Ii. project.　　The company is to set up a registered capital of 50 million yuan. The company also announced that the company intends to set up the Yumen Qilian Mountain Cement Co., Ltd. in Jiuquan Yumen, Gansu Province, to carry out the preliminary work of the Yumen 4500t/d new dry cement production line project.　　The company is to set up a registered capital of 50 million yuan. The company also announced that the company intends to set up a wholly-owned subsidiary in the Dingxi City of Dingxi Qilian Mountain Commercial Concrete Co., Ltd., to carry out Dingxi annual output of 600,000 m3 of commercial concrete and supporting the comprehensive utilization of cement grinding resources energy-saving technical renovation project prophase work.　　The company is to set up a registered capital of 35 million yuan. In addition, the company also announced that the company issued medium-term bills to increase the amount to 700 million yuan, originally planned to issue 500 million yuan.