TOND: Plans to invest an additional 3.479 billion yuan to complete the integrated project of the PBAT new material industry chain
TOND announced that the company plans to increase its investment by 3.479 billion yuan to complete the integrated project of the PBAT new material industry chain. By the end of 2024, the investment in the construction of this project has reached 3.049 billion yuan. The reasons for the additional investment include changes in site conditions, slow construction of supporting facilities, rising prices of construction materials, and some costs that cannot be quantified. This additional investment is an adjustment made based on the actual situation during project implementation, aligns with the actual needs of the project, and is beneficial for promoting project progress
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