Baoding Swan proposed to increase the total amount of 95 million shares to raise capital of 580 million yuan

NetEase Finance November 16 News Baoding Swan Tuesday Evening issued a notice that the company intends to non-public issues of shares in the number of not more than 95 million shares (including the number), the issue price is not less than 6.14 yuan/share, the total amount of fund-raising for not more than 580 million yuan. The announcement indicated that Baoding Swan this issue target is including the company actual control person China Heng Tian, including no more than 10 special investors.　　of which, the actual control of the Baoding swan the number of shares to be subscribed in China is not less than 30% of the total number of issued shares (including the number), and no more than 48% of the total number of issued shares (including the number) that are ultimately determined by the Non-public offering.　　In addition, China Heng Day subscription of the private issue of the shares, no transfer shall be made within 36 months from the date of issuance, and the shares of Non-public offerings subscribed by other issuers shall not be transferable within 12 months from the date of the issue, and all the objects of issue shall subscribe to the shares issued in cash.　　Baoding Swan said that the fund-raising project for the company Xinjiang modal Fiber Industrialization project, the total investment is expected to be 611.23 million yuan, to be used to raise funds to invest 580 million yuan, the project implementation site for Xinjiang Kuitun-Dushanzi Petrochemical Industrial Park. In addition, the private issue of shares related matters have been the fifth session of the Board of Directors of the Nineth meeting for approval, but still need to be approved by the general meeting of shareholders and the CSRC. This non-public offering stock plan before submitting to the company shareholder meeting, still must obtain the approval of the state-owned Assets Supervision and Administration department.