1/3 China-Thailand chemical fundraising project helpless abortion

The net shortfall plan 1/3 Zhongtai chemistry (002092, stock bar) raise investment project helpless miscarriage this reporter Ma Yan originally at the end of last year planned to raise 5 billion yuan in the chemical, even after the supplementary subscription, up to now only raised less than 1.6 billion yuan, still less than 1/3 of the planned amount. and the actual amount of money raised and the huge gap between the plan, directly led to the Sino-Thai chemical fundraising project abortion. November 4, 2012, China-Thailand Chemical announced a "private issue of Stock plan", the total amount of the proposed non-public offering is not more than 5 billion yuan, and the net amount of the collected funds is increased by the company's holding subsidiary, Xinjiang Zhongtai Chemical Fukang Energy Co., Ltd. for 1.2 million tons/year PVC resin for Zhongtai chemical Fukang Industrial Park , 1 million tons/year ionic membrane Caustic soda recycling Economy Project (two), the total investment of more than 7.2 billion yuan. March 11, 2013, the SFC approved the company's non-public offerings of not more than 737.46 million shares of renminbi common. China-Thailand Chemical yesterday evening announced that the private issue of shares raised funds on September 6, 2013 to account, the actual number of shares issued 235.8991 million shares, the issue price of 6.78 yuan/share, The total amount of funds raised is 1.599 billion yuan, the net amount of the collected funds is 15.77 yuan after deducting the 22.22 million yuan of the issue fee. China-Thailand Chemical said that, because the actual amount of funds raised and expected to raise a large gap between the funds, will affect the fund-raising investment project investment progress and construction progress. In view of the above reasons, the company combined with the chlor-alkali industry market situation, timely strategic adjustment, in order to reduce the investment risk of fund-raising, after careful study, decided to suspend the investment project. It is known that the chlor-alkali chemical (600618, share bar) industry is a large-scale industry, with a large scale advantage of large-scale chlor-alkali enterprises in the cost, technology, resource utilization, market control and many other aspects have obvious competitive advantage. At present, the industrial policy of the chlor-alkali industry in the country mainly starts with adjusting and optimizing the industrial structure, speeding up the elimination of backward production capacity and improving the concentration of industry. China-Thailand chemical is precisely for the sake of strengthening the company's large-scale advantages, plans to raise funds to the subsidiary to increase capital for the construction of new projects. However, the brutal reality has certainly hit the Chinese Thai chemical ambition. Only 1 investors subscribed for the first round of inquiry. Huaan Fund Management Co., Ltd. to 6.78 yuan/share price subscribed to 67.8466 million shares. As a result of the first round of the quotation of the total number of effective subscription shares of 67.8466 million shares, plus the company's controlling shareholder in Xinjiang, China and Thailand pledged to subscribe to the 147 million shares, the first round of all effective subscription shares of 215 million shares, lower than the Sino-Thai chemical proposed size limit of 737.46 million shares. In accordance with the first round of inquiry results, the issuer and the sponsor determine the final issue price of 6.78 yuan/unit, and on September 2 to the investors at the price of 6.78 yuan/share to continue to seek the subscription intention, the commencement of additional subscription matters. The end result is that only 1 investors are willing to participate in the additional subscription. Still is Huaan fund, appendSubscribed to 20.56 million shares. As a result of the actual fund-raising net and the larger gap between the plan, Sino-Thai chemical reluctantly to suspend the implementation of the fund-raising to Xinjiang Zhongtai Chemical Fukang Energy Co., Ltd. to increase capital, the collection of funds will be in accordance with the provisions of the company to raise funds for the financing of the project to be determined after the timely And the abortion of the investment project, for the Sino-Thai chemical, is undoubtedly a contusion, in the fierce competition in the future how to maintain the advantages, but also a major issue for the development of the company.