48 million shares March 2 to be issued online purchase

Press Release (002564) a letter of intent was issued late Monday. The company intends to issue 48 million shares, issued after the total share capital of 189.91 million shares.　　The unit will be implemented on March 2, 2011 online, net purchase, and will be listed in Shenzhen stock market.　　This issue uses the network to the placing of the allocation of the object of the placing of the allocation and online to the social public investors in a combination of pricing issues, of which under the network issued no more than 9.6 million shares, accounting for the number of the issue of 20%, the number of online distribution for the total amount of this issue minus net　　According to the issue schedule, the date of the inquiry is February 23, 2011-February 25, 2011, the pricing notice is published on March 1, the date of purchase and the payment date is March 2, and will apply for listing on the Shenzhen Stock Exchange as soon as possible after the release.　　Zhangjiagang Chemical Machinery Co., Ltd. is a supplier of chemical equipment products, the main business is petrochemical, coal chemical, chemical, non-ferrous metals and other areas of pressure vessels, non-standard equipment design, manufacture. This issue raises funds to be used for 60,000 tons of heavy non-standard chemical equipment manufacturing projects, Suzhou Port Zhangjiagang Port heavy parts and pieces of cargo terminal project and Technology Center construction project. The total investment is 1.555 billion yuan, the plan uses raises the fund 780 million yuan.