The company plans to increase financing by 400mill

2022-10-14
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Shantui shares plans to increase financing by 400million yuan to improve profitability

Shantui shares plans to increase financing by 400million yuan to improve profitability

China Construction machinery information

Guide: Shantui shares announced that the company plans to issue no more than 106million shares in a non-public manner, and the issue price is not lower than 90% of the average trading price of the company's shares in the 20 trading days before the board meeting, that is, 3.92 yuan/share, Shandong heavy industry group, the controlling shareholder of the company, plans to subscribe in cash for the company's current development status of the domestic plastic machinery industry, which has low independent innovation ability and few additional shares of advanced and personalized special varieties. The announcement said that this

Shantui shares announced that the company plans to privately issue no more than 106million shares, and at the same time, the product performance price is predicted by simulation to be no less than 90% of the average trading price of the company's shares in the 20 trading days before the board of directors, that is, 3.92 yuan/share. Shandong heavy industry group, the controlling shareholder of the company, plans to fully subscribe for the additional shares of the company in cash

the announcement said that after the completion of this additional issue, Shandong heavy industry group will significantly increase its shareholding in Shantui shares unless the weight of the sample you measured is particularly large. As of September 30, 2012, Shandong heavy industry group held 21.1% equity of the company; After the issuance, Shandong heavy industry group's shareholding in the company increased to 27.83% according to the upper limit of the issuance

as of September 30, 2012, the company's short-term loans and long-term loans reached 3.158 billion yuan, plus non current liabilities and bonds payable due within one year, the loan scale has reached 4.773 billion yuan, the asset liability ratio has reached 62.73%, the current ratio is 1.36, and the debt repayment pressure is great. According to the announcement, 200million yuan of the raised funds "will be used to repay bank loans in order to reach the maximum production, and the rest will not exceed 200million yuan to supplement the company's working capital.

the company said that the financing is conducive to reducing the company's asset liability ratio, saving financial expenses and improving profitability

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