Changhai shares proposed to issue 30 million shares March 21 online purchase

Changhai shares (300196) issued a letter of intent at the big Tide Information network in late Thursday. The company intends to issue 30 million shares, issued after the total share capital of 120 million shares.　　The unit will be implemented on March 21, 2011 online, web-based purchase, and will be listed on the gem.　　The issue of the distribution by the Internet to the placing of the allocation of objects and the internet to the public investors pricing issue of a combination of the way, of which under the network issued 6 million shares, that is, the number of the issue of 20%;　　According to the issue schedule, the date of the inquiry is March 14, 2011-March 16, 2011, the pricing notice is published on March 18, the date of purchase and the payment date is March 21, and will apply for listing on the Shenzhen Stock Exchange as soon as possible after the release.　　Jiangsu Changhai Composite Materials Co., Ltd. is a leading domestic fiberglass products and fiberglass composite production enterprises, is the largest non-woven fiberglass products, one of the integrated production enterprises, but also the largest glass fiber composite separator production enterprises. The issue of fund-raising will be mainly used to expand the annual output of 27,000 tons glass fiber special felt products project, the total investment of 197 million yuan, the rest of the funds will be used for other business related to the operating capital. Responsible Editor: NF054