Sina Financial News September 24, according to the letter reported that resistance Worter (01316) today's IPO, the sale of 720 million shares, recruit shares 2.6 to 3.57 yuan, the amount of funds 1.872 billion to 2.57 billion yuan. 1000 shares per hand, admission fee of 3605.99 yuan. The company expects to have a net profit of not less than USD 105.7 million for the full year ended December this year. The company refers to the management of Dongfeng assets as cornerstone Investors, the subscription of 194 million Yuan shares. Worter is one of the global suppliers of steering and power transmission, and 72% of the proceeds will be spent on capital expenditure, including the upgrading of machinery and equipment that has contracted or is expected to contract with the original equipment manufacturer, as well as the expansion and construction of production facilities, and 21% for enhanced research and development capabilities, Develop new technologies and products to enhance the manufacturing capacity of major components; 7% is used to replenish the company's working capital. The company is due to subscribe and pricing on September 27 and will be listed on October 7. Natural)
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