China-color shares proposed to raise 1.785 billion investment projects such as rare earths

The Chinese-color shares announced the non-public offering plan, the company intends to 12.31 yuan/share price to include the holding shareholder of China Nonferrous Mining Group Co., Ltd., including 10 of the issue of non-public offerings, not more than 145 million shares (including 145 million shares), the total amount of funds proposed to raise not more than 1.785 billion yuan. All the objects were subscribed in cash, and the controlling shareholder, China Nonferrous Mining Group Limited, pledged to subscribe to 33.75% of the actual issue shares. After deducting the issue fee, the fund is intended to be used for the new plant construction project of China Nonferrous Metals (Shenyang) Metallurgical Machinery Co., Ltd. and to replenish the liquidity in the south-color Rare earth (Xinfeng) Co., Ltd. Among them, the issuance of funds in the 800 million yuan will be to China Nonferrous Metals (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction projects to increase capital for the implementation of relocation technology upgrading projects. The project for the formation of annual production of aluminum equipment, metallurgical equipment, general equipment, such as 287 sets of construction projects. The construction period is 2 years, the total investment of the project is 1.537 billion yuan. Through the implementation of investment projects, Shen Metallurgical machinery will further expand production capacity, consolidate and strengthen the aluminum electrolysis equipment, metallurgical equipment, general equipment production leading position. The 450 million yuan in the current issue will be used to increase capital to the medium-color South rare earth (Xinfeng) Co., Ltd. for the implementation of 7000 tons/year rare earth Separation project. It is understood that Guangdong is an important South China-heavy rare earth origin, Xinfeng County rare earths in Guangdong, the total reserves of rare earths occupies a large proportion. After the implementation of the project, can further improve the company's production capacity, enhance sustainable profitability.