Hua Feng Super Fiber to be issued 40 million shares

Panoramic Network January 25 News Huafeng Ultra-fiber (300180) in the night of Tuesday, the launch of the IPO letter of intent. The company intends to issue 40 million shares, after the issuance of total equity not exceeding 158 million shares.　　The unit will be implemented on February 10, 2011 online, web-based purchase, and will be listed on the gem.　　The issue of the distribution by the Internet to the placing of the allocation of objects and the internet to the public investors pricing issue of a combination of the way, of which under the network issued 8 million shares, that is, the number of the issue of 20%;　　According to the issue schedule, the request for the referral time is January 27-January 31, the date of application and payment date of February 10, after the issue will be applied to the Shenzhen Stock Exchange listing.　　Shanghai Huafeng Ultra-Fiber Material Co., Ltd. currently has 6 million square meters/year of superfine fiber polyurethane synthetic leather production capacity, with polyurethane resin manufacturing, blending silk, non-woven processing, PU impregnation, open fiber, dry veneer and finishing the whole process of superfine fiber polyurethane synthetic leather production technology, the domestic production capacity ranked second. The funding for this issue will focus on the following three projects: annual output of 6 million square meters of fine fiber polyurethane synthetic leather production and investment projects (first phase) 3 million square meters/year of the island superfine fiber polyurethane synthetic leather project, enterprise Technology Center technical renovation project and other operating capital related to the main business. Total project investment is 221 million yuan. (Panoramic net/thunder)