Fangyuan support set to raise 400 million yuan offering price is not less than 11.1 yuan/share

NetEase Financial August 4 Fangyuan support Wednesday Evening issued a notice that the company intends to non-public offerings of not more than 36 million shares, the lower limit of not less than 25 million shares, the issue price is not less than 11.10 yuan/share.　　Non-public issuance of stock plans show that the total amount of the non-public offering is not more than 400 million yuan, the net amount after the release fee will be used for heavy equipment, clean energy equipment, large-scale slewing bearing production lines and testing, testing center construction projects, the project plans to invest a total of 618.39 million yuan. Fangyuan Support says that the actual amount of funds raised by this non-public offering is lower than the total amount of the project investment, and the insufficient part is solved by the company or bank loan. In order to ensure the smooth conduct of the fund-raising investment projects, protect the interests of all shareholders, in the current fund-raising before the company will be self-financing first investment projects, The funds to be raised will be replaced after they are in place.