Australian-Ocean technology to increase application for approval by SFC

NetEase Finance November 17 News of the Australian Ocean Technology Wednesday Evening issued a notice that the company's Non-public issue of stock applications by the SFC issued by the Audit committee conditions approved. November 17, the China Securities Regulatory Commission issued the audit of the Australian foreign Science and technology non-public offering of stock applications.　　According to the results of the meeting, the Australian technology of the non-public offering of shares of the application was approved by the conditions.　　Australian technology announced the issuance of additional plans, the company plans to be no less than 9.31 yuan/share, directed additional not more than 36 million shares, to raise capital not more than 265 million yuan, for the acquisition of Manas New Australia Special Fiber Co., Ltd. 60% of the equity and other projects. Australian technology, said that the issue to be raised through the issuance of 180 million yuan to purchase Manas Silver Days Cotton Co., Ltd., Liu Hanbing, Chi Zhiqin, Yanling County Yong Feng Textile Co., Ltd. Total holding the New Wate of 60 million registered capital, Jinning fiber registered capital of 60%.　　After the acquisition, the Australian-foreign technology will hold New Wate 100% stake. New Wate Fiber In the Manasi County Chengxi Industrial Park, the construction of 50,000 tons/year differential viscose staple fiber production line, the production line has been released on March 16, 2009 trial production announcement.　　In the first quarter of this year, New Wate Fiber realized operating income of 140 million yuan, net profit of 5.15 million yuan. New Wate Fiber Plan will raise 85.29 million yuan, for the company's holding subsidiary Funing Australia Technology Co., Ltd. unilaterally increase capital. Among them, 25.29 million yuan for "man-made fiber engineering technology research and Development Center construction project", 60 million yuan for "supplementary liquidity".