CSG a non-public offering no more than 250 million shares or "pumping" 4 billion

Source: Internet
Author: User
Keywords CSG no more than
CSG A (000012.SZ) announced today that it plans to raise no more than 4 billion yuan to no more than 10 objects per share at a price of no less than 17.88 yuan.  The company said that the funds raised will be invested in the Shenzhen TCO Film Glass Expansion Project, the Yichang wafer expansion project, solar cell and component expansion projects, energy-saving glass projects, and the shares subscribed by the issuer may not be transferable within 12 months from the date of issuance.  CSG a said that after the investment of this fund-raising project is completed, will further strengthen the company in the national engineering glass industry leader position, improve market share, at the same time, the company's photovoltaic solar business in silicon, silicon, batteries and components of the industry supporting and operational capabilities to further enhance, and effectively expand the solar energy industry capacity scale.  The company expects that the total investment of the above projects is 6.065 billion yuan, if the non-public offering to raise funds can not meet the funding needs of the project, the company will use self-financing to solve the insufficient part.  There are peace trust insiders to the "First financial daily" reporter disclosed that ping An trust may continue to participate in the South Glass A of the additional, and the previous ping ' an trust in the investment of CSG a, part of Ping An group of funds, part of the trust products purchased by external investors. Ping An trust in 2007 to subscribe to 8 yuan per share of South Glass a directional additional 80 million shares, Total investment of 640 million yuan, in May 2010, CSG a per 10 shares sent 3.5 yuan and 7 shares, after the Ping An trust held 136 million South Glass A; Ping an trust in October 2010 and November to 15.51 yuan to 20.21 yuan to reduce the 32.6 million shares, as of November 3, 2010, Ping An trust also held 1.03  400 million CSG a, accounting for 4.98% of total equity. Citic Securities (600030.  SH) also held a total of 30.87 million shares in South Glass a in October and November last year, holding 103.6 million shares or 4.99% as of November 5, 2010.  CSG a announced on January 11 that the 2010 net profit is expected to reach 1.458 billion yuan, an increase of about 75%, the basic earnings per share of about 0.7 yuan, which is mainly due to the company's overall operating situation is good, flat glass industry and fine glass industry performance increased significantly year-on-year, solar industry profitability has also improved. South Glass a suspension of trading yesterday, before the suspension of the charge of 16.91 yuan.
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