Central shares proposed up to 100 million shares raise price reserve price

NetEase Financial January 12 News Central shares in the evening issued a notice, announced the 2011 non-public issuance of stock plans. The shares of central China are intended to issue no more than 100 million shares to 10 investors, including the controlling shareholder, Tianjin Central Electronic Information Group Limited, not less than 60 million shares, offering a price of not less than 23.91 yuan/share, which is expected to raise no more than 2.4 billion yuan, will be used to build a wholly owned subsidiary of Tianjin Rim Semiconductor Materials Technology Co., Ltd., "IGBT and optoelectronic devices in the area of the development and industrialization of fused monocrystalline silicon materials", the Central European Company holding 80% of the Inner Mongolia Central Photovoltaic Materials Co., Ltd.　　Green Renewable Energy solar cell with monocrystalline silicon material industrialization Project Phase Two project ", Central photovoltaic" green renewable energy solar cell monocrystalline Silicon material industrialization Project phase two expansion project. Central shares also announced that the company's 2010 private issuance of shares in the preparatory work involved in some government approval documents have been delayed compared with the original plan, and central PV in the solar cell monocrystalline silicon materials industry, the comparative advantage of the market for central PV products demand for a substantial increase,　　The company decided to terminate the 2010 private offering of shares. The plan, issued earlier by central shares, shows that the issue will be aimed at no more than 10 specific objects, including the central group of controlling shareholders, with a reserve price of 11.75 yuan/share, with a distribution of 60 million shares-90 million shares and no more than 1.1 billion yuan.　　The subscription ratio of the central group is 10%-20% of the issue quantity, except for the 36-month restricted period of the Central group, the remaining restricted period of the subscription target is 1 years. Central shares said earlier that the fund-raising was mainly used for additional PV projects, including two projects. Among them, the central shares proposed to invest 100 million yuan for the company (wholly owned subsidiary) "IGBT and optoelectronic devices in the area of fused monocrystalline silicon materials development and industrialization project"; Another 800 million yuan to raise funds by the Central European Company investment holding 80% of Inner Mongolia Central Photovoltaic Materials Co., Ltd.　　Green Renewable Energy solar cell with monocrystalline silicon materials industrialization project phase two.　　According to statistics, from May 18 after the announcement of the plan, the share price soared, has risen from 12.52 yuan to 29.57 yuan, up to 134.68%, compared to the issue of 11.75 Yuan/shares rose 151.66%. The Wanguo research report said that the central shares are silicon material technology leader, the additional project will greatly enhance the future growth forecast, the thick and thin hair will enjoy the new energy explosion growth.　　The company's 2010-2012 sales revenue is expected to be 12.7, 27.4 and 3.8 billion yuan, taking into account the issuance of additional diluted earnings per share of the 2010-2012, 0.20 yuan, 0.54 yuan and 0.78 yuan, the company 2011 PE for 22 times times. Shares in the central share will be closed on January 13, as of January 6, the closing date of the suspension, central shares reported 29.57 Yuan, Rose 10.74%.