Gree Electrical Appliances to open additional 3.2 billion increase the production of air-conditioning capacity

NetEase Finance August 18 Gree Electric Appliances Evening notice, the Company intends to open additional 250 million shares, raise funds not more than 3.26 billion yuan, the issue of the issue price is not lower than the announcement of the previous 20 trading day Company A-share average value or the previous trading day average. This issue includes, but is not limited to, the Internet, online pricing issues such as the issuance of Securities and Futures Commission licensing. The company will give priority to all a-share shareholders after the closing date of the stock registration day.　　The proportion of specific placements shall be determined by the shareholders general meeting authorized by the company's board of directors and sponsoring agencies. This issue raises funds to invest in the following five projects (units: million Yuan): The company said that the release will help the company to strengthen and improve the air-conditioning compressor the core components of supporting production capacity, and further expand the production of air-conditioning, expanding commercial air-conditioning, frequency conversion air-conditioning, frequency-efficient air-conditioning and other products business scale and market share, So as to improve the company's profitability and risk-resistant capabilities.