Rongsheng Petrochemical Nearly 1 Billion 300 Million Raised Funds To Invest In The Development Of Chemical Fiber Projects
Rongsheng petrochemical
Today, we have issued a plan for raising funds.
The company disclosed that 56 million shares of the initial public offering were issued at a price of 53.80 yuan per share.
Compared with the original 949 million yuan raising fund utilization plan, we raised over 1 billion 950 million yuan.
The company said that in order to improve the efficiency of raising funds, improve the product mix and enhance the competitiveness of the market, the company plans to use 796 million yuan over raised funds to produce 100 thousand tons of super fine denier differentiated FDY yarn and 30 thousand tons of fine denier differential DTY wire technology pformation project, and use 495 million yuan to raise funds for the annual production of 90 thousand tons of polyethylene terephthalate (PTT) new chemical fiber.
project
。
Rongsheng Petrochemical disclosed that if the above projects reached production according to schedule and market development met expectations, according to the feasibility analysis of the above projects, the annual sales income of the project was estimated to be 2 billion 180 million yuan, and the total profit of the normal year could reach 326 million yuan.
The company will pass to the full capital subsidiary of Zhejiang
chemical fiber
To provide loans, the implementation of the above two super fund investment projects by Sheng Yuan chemical fiber.
The remaining 659 million yuan will be used in the company's main business according to the company's development plan.
In addition, Rongsheng Petrochemical announced today its subsidiary investment announcement.
Disclosure of the announcement, Rongsheng Petrochemical intends to invest in Dalian Yisheng investment company (Yisheng investment) through holding subsidiary, invest in Hainan Yisheng Petrochemical Industries Co (Yisheng, Hainan).
Yi Sheng Investment agrees that Yisheng investment will add 153 million yuan to Hainan Yisheng according to the 1:1 price of registered capital. After the completion of the capital increase, Yisheng investment will hold 40.26% of Hainan Yisheng share and become the second largest shareholder of Yisheng, Hainan.
Rongsheng Petrochemical shares Hainan Yisheng to participate in the construction of Yisheng PTA project in Hainan, and improve the layout of PTA industry. The import dependence of PTA industry in China still keeps about 30%, and the market prospect is good. The company has the leading PTA technology and rich PTA project operation experience, such as the successful implementation of Hainan Yisheng PTA project, which will bring new profit growth point for the company.
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