A few days ago, é»” Tire A threw a share placement plan. The company intends to place all shareholders with a total share capital of 77,546,300 shares as of June 30, and a total of no more than 3 shares for every 10 shares. The allotment of shares will be offered to all shareholders for sale within 6 months after the approval of the CSRC. The total amount of funds to be raised this time does not exceed 1.268 billion yuan. After deducting the issuance expenses, all of them are used for special tire relocation projects. All the products pass the 72 hours heat treatment and salt spay test to prevent rusting. We only supply high quality wheel nuts, wheel bolts, wheel locks, wheel adapters and wheel spacers. Car Locking Wheel Nuts,Locking Wheel Nuts Explained,Wheel Lug Nut,Lexus Nut Wheel Ningbo Heyu Tire Repairs Co., Ltd. , https://www.auto-repairs-tools.com
For the allotment price, 黔 Tire A stated that the average price of the company’s stock transactions on the 20 trading days prior to the publication of the announcement was based on the market discount method to determine the allotment price, which was authorized by the general meeting of shareholders to be based on the market conditions and the sponsor/main The underwriter negotiated to determine the final allotment price.
The fund-raising investment project is an off-site relocation project. After the project is put into production, the designed annual production capacity is 3.25 million. With the completion of the relocation of the fund-raising investment project, the production mode and production efficiency of the special tire project will be greatly improved. It is estimated that the project's fourth-year investment rate will be 80%. It is expected to achieve a net profit of 118.27 million yuan in the same year; the fifth year will fully achieve production, and then it is expected to achieve a net profit of about 220 million yuan.
The company believes that in the process of “One Belt, One Road†construction, the first benefit will be the infrastructure construction industry, followed by various supporting facilities and equipment. Therefore, construction machinery, logistics and transportation, commercial vehicles and other industries will benefit. As the necessities of construction machinery, logistics and commercial vehicles, tires will increase in demand and replacement. At the same time, with the in-depth implementation of the “One Belt, One Road†strategy, it will also benefit the expansion of domestic tires in the export markets of countries along the route.
According to statistics from the reporters, in the first half of 2015, there were only 4 A-share companies refinancing through share allotment. Most of the other companies were based on the fixed-income method, because the increase in shares in the bull market atmosphere has been highly sought after. With the rapid changes in the market, it is not easy to implement the increase. In July, this newspaper reported that some companies chose the accompanying market model in terms of pricing mechanism in order to smoothly implement the fixed increase. The allotment method also helps listed companies to refinance smoothly under the downturn.
Interestingly, as a domestic special military tire faucet, 黔 Tire A was recently asked by investors on the interactive platform whether the tires produced by the company participated in the military parade. In response, the company replied that “this matter is a confidential matter, please investors concerned about September 3. The Japanese military parade."