Chongqing Three Gorges a directional additional raise capital 700 million expand paint production capacity improve product structure

Click to see the latest market positive out of all bad. In Monday, after the suspension of trading 10 days after the resumption of trade, Chongqing, the Three Gorges soon after the opening of the fall, the final closed down to 8.36%.　　However, in accordance with the Non-public offerings issued before the Three Gorges Project, the company will raise 700 million yuan to expand the paint production capacity of three projects, and in the full project after the post-natal, the market outlook is still full of optimism. Targeted additional plans to raise capital 700 million in March 30 before the suspension of the Three Gorges in Chongqing has been a series of large gains.　　Before this, the Three Gorges in Chongqing this January 25 share price bottomed out, the lowest fell to 11.58 yuan, rebounded more than 50%, and on March 24 the highest price rose to 16.40 yuan, Chongqing Three Gorges suspension on March 30. As a result of the continuous rally, the Three Gorges in Chongqing, the additional price rise. According to the announcement issued by Chongqing Three Gorges last week, the company is prepared to set a benchmark of 20 trading days for 90% of the average price of the shares of the company, which is no less than the standard of the private offering.　　That is, no less than 13.81 yuan per share of the price, to include the holding of shareholders, including the specific object of the issuance of more than 50.62 million shares of the company, the total amount of fund-raising not more than 699 million yuan. The majority shareholder subscribed to the shares of the 40% Chongqing Three Gorges ——— Chongqing Medical Holding company pledged to subscribe for not less than 40.53% of the total number of shares issued, the amount of the subscription is not lower than 283.31 million yuan.　　Its subscribed shares will not be transferred within three years. It is understood that the Three Gorges in Chongqing, the directional issuance of more than 10 specific objects, including controlling shareholders, and in line with the provisions of the SFC fund companies, brokers, trust companies, financial companies, insurance companies, qualified foreign institutional investors and other institutional investors, natural persons and other specific objects.　　Its subscribed shares will not be transferred within a year.　　Additional funds to the three major projects from Chongqing Three Gorges, said the company's targeted additional recruitment of nearly 700 million yuan funds will be mainly to three major projects. which， will use 480 million yuan of funds, the construction of annual output of 50,000 tons of environmental protection and energy-saving coatings project, the proposed use of capital of 99.8 million yuan, the new Three Gorges Coating Chemical Co., Ltd. in Xinjiang and Chongqing annual production capacity of 10,000 tons of paint and marketing Network regional Management Center projects, using 119 million yuan, two years to build 26 marketing Network regional Management Center　　, two-level center 10. According to estimates, Chongqing Three Gorges annual output of 50,000 tons of environmental protection and energy-saving coatings project, construction period of 2 years. After the project is put into production, it is expected to achieve annual sales revenue of 930 million yuan and a total profit of 87.71 million yuan. The project construction period of 10,000 ton industrial paint production line of Xinjiang Chongqing Three Gorges Company is 1 years and the production period is 13 years. After the full production of the project, the annual sales revenue will be 138 million yuan, the total profit of 19.37 million yuan.　　In addition, the Marketing Network regional Management Center construction project fully put into production, is expected to achieve annual sales revenue of 420 million yuan, the total profit of 21.27 million yuan. According to the annual report of Chongqing Three Gorges last year, the total profit of the company in 2010 was only 21.3754 millionYuan, the ultimate realization of the 35.28 million yuan net profit, but also mainly rely on the non-recurrent profit and loss project to achieve. In this context, the Fund as the representative of the institutional investors in the last four quarters have been reduced to withdraw. This Chongqing Three Gorges said, in the directional additional completion and up to the postpartum, the company's product structure will be optimized, high value-added products increase production, the overall profitability will be greatly improved.