Sanan Optoelectronics issued a plan for the increase on the evening of March 23. The company plans to issue no more than 325.22 million shares (including 232.22 million shares) to a specific target of no more than 10 including the controlling shareholder Sanan Group at a price of 16.58 yuan per share. Raise 3.9 billion to expand production capacity. The Sanan Group, which was controlled by Lin Xiucheng, the actual controller of the company, was generously supported. The major shareholder promised to subscribe for 10 of the total number of non-public offerings in cash, and it could not be transferred within 36 months. The announcement shows that the total amount of funds raised for this non-public offering of shares does not exceed RMB 390 million. After deducting the issuance expenses, it will be invested in the Xiamen Optoelectronic Industrialization (Phase II) project and the Communication Microelectronics (Phase I) project. Among them, the total investment of Xiamen Optoelectronics Industrialization (Phase II) project is 3,645.1 million yuan, and the raised funds are planned to invest 230,000 yuan, all of which are used for the construction of fixed assets of this project. After the project is completed, it will form an annual production capacity of 1.223 million pieces of LED epitaxial wafers (the capacity data is calculated by 4 inch epitaxial wafers) and a production capacity of 30.605 billion pieces of chips. The construction period of the project is 24 months. It is estimated that the annual sales income will reach 317.424 million yuan (excluding tax), and the annual net profit after tax will reach 664.68 million yuan. The total investment of the communication microelectronics (Phase I) project is 300.45 million yuan, of which the use of raised funds is not more than 160 million yuan, all of which are used for the construction of fixed assets of the project. After the completion of the project, it will form a production capacity of 360,000 pieces/years of communication epitaxial wafers (calculated by 6å‹) and 360,000 pieces of communication chips (calculated by 6å‹). The construction period of the project is 45 months. It is estimated that the annual sales income will reach 401.539 million yuan (excluding tax), and the new annual net profit will be 596.24 million yuan. The company said that after the non-public offering, it will help expand the company's production scale, increase the company's product market share, and enhance the company's sustainable development capabilities. The fund-raising investment project is in line with the relevant national industrial policies and the overall strategic development direction of the company in the future. It has good market development prospects and economic benefits. After the project is completed, it can further enhance the company's profitability, increase profit growth points and reduce financial expenses. To enhance the competitiveness, the use of funds raised is reasonable and feasible, in line with the interests of the company and all shareholders. The company's capital strength has been greatly enhanced, the net assets will be greatly improved, and the company's asset-liability ratio will also decline to a certain extent, which is conducive to enhancing the stability of the company's asset structure and its ability to resist risks.
Solar Power
Our firm introduced whole set of good-sized numerical control hydraulic
folding equipment(1280/16000) as well as equipped with a series of
good-sized professional equipments of armor plate-flatted machine,
lengthways cut machine, numerical control cut machine, auto-closed up
machine, auto-arc-weld machine, hydraulic redressing straight machine,
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steel poles with production range of dia 50mm-2250mm, thickness
1mm-25mm, once taking shape 16000mm long, and large-scale steel
components. The firm also is equipped with a multicolor-spayed
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founded a branch com. The Yixing Jinlei Lighting Installation Com,
which offers clients a succession of service from design to manufacture
and fixing.
We have supplied 2400ton 132kV and 220kV transmission line steel pole to WAPDA. Pakistan on 2008 and have supplied 1200ton 138kV transmission line steel pole to Davao light, Philippines on 2009.
Street Lighting Pole, Solar Power, Solar Lighting Pole
Jiangsu Xinjinlei Steel Industry Co., Ltd. , https://www.jinleisteeltower.com
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