Central shares proposed to raise capital 1.1 billion to enhance the advantages of PV field

NetEase Finance May 17 News of the central shares in the evening notice that the company to include the controlling shareholder of the Central group, including 10 specific investors issued shares 60 million-90 million shares, the issue price is not less than 11.75 yuan/share, the size of the fund-raising is not expected to exceed 1.1 billion yuan. After the collection of funds deducted the issue fee to be put into the following projects: (1) The company wholly-owned subsidiary of Tianjin Rim Semiconductor Materials Technology Co., Ltd., "IGBT and optoelectronic devices used in the area of fused silicon wafer development and industrialization project."　　The project is intended to invest a total of 120 million yuan, of which the funds proposed to invest 100 million yuan. (2) The "Green Renewable energy solar cell uses monocrystalline silicon material industrialization Project Phase Two project" of the Central European Company holding 80% of Inner Mongolia Central Photovoltaic Material Co., Ltd.　　The project is intended to invest a total of 1.049 billion yuan, of which the funds proposed to invest 800 million yuan.　　After collecting funds in place, in order to maintain the sustainable development of the Central European Company and central PV, the shares of the Central European Company will increase the capital by 900 million yuan to the companies in the central Europe, and the companies in the Central Europe can realize the investment of these two funds through the way of adding more capital to the Central Asia　　The company said that the non-public offering of shares to raise funds in place, project input and output need a certain amount of time, in the project to generate benefits, will be the company's profitability caused pressure, if the company's original business profits can not improve, may lead to the issuance of the year's net assets yield decline. The company said that the non-public offering of shares raised funds to play a role, will ensure that the company's leading position in the project, while the implementation of product restructuring, enhance the ability of enterprises to resist risk, to promote the coordinated development of the product industry chain a key step. The implementation and completion of the fund-raising project, on the one hand, can quickly improve the company's current operating performance and profitability, on the other hand, to achieve a good and fast long-term development of a firm foundation.