Novo: Co to inject $5.7m more into 95% owned subsi Novowell ETP and contribute a shareholder loan not exceeding US$2.5m. Novowell ETP now has US$13.0m in funding and is engaged in the manufacturing of electrolytic tin plates (ETP) and marketing of such products in China and overseas…
Novowell ETP will undertake a dev project at Taizhou, Jiangsu province, relating to production of 60,000 tons ETP per annum in Phase 1A which will cost up to US$41.7m so further funding shld be expected. Co is a small cap with $67.4m mkt cap and has trailing P/E of approx 13.9x
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