China to raise 1.1 billion investment in new energy

Central shares issued an additional plan last night, said the company intends to be no less than 11.75 yuan/shareholder price, to include the holding shareholder of Tianjin Central Electronic Information Group Co., Ltd., including 10 of the targeted investors to issue shares, the total amount of fund-raising about 1.1 billion yuan. According to the announcement, the number of shares issued is no more than 90 million shares, not less than 60 million shares.　　Specifically, the collection of funds after deducting the issuance costs to be put into the construction of the following projects: The company's wholly-owned subsidiary of Tianjin Rim Semiconductor Materials Technology Co., Ltd., "IGBT and optoelectronic devices used in the area of fused silicon wafer development and industrialization project."　　Central European Company holding 80% of Inner Mongolia Central Photovoltaic Materials Co., Ltd., "Green Renewable energy solar cell with monocrystalline silicon materials industrialization Project phase two project."　　In addition, after collecting funds in place, in order to maintain the sustainable development of the Central European Company and central PV, the shares of the Central European Company will increase the capital by 900 million yuan to the companies in the central Europe, and the companies in the Central Europe can realize the investment of these two funds through the way of adding more capital to the Central Asia Central shares said that the non-public offering of shares to raise funds in place, project input and output need a certain amount of time, in the project before the benefit, will be the company's profitability caused pressure, if the company's original business profits can not improve, may lead to the issuance of the year's net assets yield decline.