China-color shares proposed to raise more than 1.78 billion increase in non-ferrous metals and rare earths business

China Securities Network (reporter Shang) in the color shares (000758, shares bar) September 23 evening issued a plan to increase, The company intends to provide no more than 145 million shares to the object, including the controlling shareholder, China Nonferrous Mining Group Co., Ltd. the issue price is not less than 12.31 yuan, the total amount of fundraising does not exceed 1.785 billion yuan, is intended to be used in China Nonferrous (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction project and medium-color South rare earth (Xinfeng) Co., Ltd. 7000 tons　　/year Rare Earth Separation project and supplementary liquidity. China Nonferrous Group is a controlling shareholder of the company and holds 33.75% of the company's shares.　　The China Nonferrous Group has pledged to subscribe at the same subscription price as other issuers, with a subscription rate of 33.75% of the actual number of shares issued. The release of the 800 million yuan to raise funds will be to China Nonferrous Metals (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction projects to increase capital for the implementation of the relocation of technical upgrading projects.　　Project for the formation of annual production of aluminum equipment, metallurgy equipment, general equipment, such as 287 sets of construction projects, construction biennium for 2 years, the total investment of 1.537 billion yuan, the annual sales income of 1.867 billion yuan (including tax), the average annual profit of 240.65 million yuan, the average annual net profit of 180.488 million yuan. In addition, the 450 million yuan collected in the fund will be used to increase the capital to the middle-color South rare earth (Xinfeng) Co., Ltd. for the implementation of 7000 tons/year rare earth Separation project.　　Project total investment of 612.2822 million yuan, average annual sales income of 1.815 billion yuan (including tax), the average annual profit of 164.6861 million yuan, the average annual net profit of 123.5146 million yuan. The company said that the investment will help Shen Metallurgical machinery successfully completed relocation upgrade, enhance its competitiveness in the metallurgical machinery industry, and actively respond to the national integration policy of rare earth industry, accelerate the development of the south-color Rare earth project. In addition, the company through the replenishment of liquidity, control of financial risks, improve the overall competitiveness.