Jiangnan water supplies to be issued 58.8 million shares

Panorama February 28 Jiangnan Water Service (601199) issued a letter of intent in late Monday. The company plans to issue 58.8 million shares, issued after the total share capital of 233.8 million shares.　　The unit will implement an online subscription on March 9 and will be listed on the Shanghai Stock Exchange.　　In this issue, the network issued 11.76 million shares, accounting for the number of the issue of 20%, the number of online distribution for the total amount of this issue minus the net final circulation.　　According to the issue schedule, the date of the inquiry is March 2-March 31, the issue of the publication date of March 8, the net subscription time for the March 8-March 9, online purchase date is March 9. Jiangsu Jiangnan Water Co., Ltd. mainly engaged in counterfeiting, tap water drainage and related water treatment business.　　The company currently has a daily water supply capacity of 930,000 cubic meters, more than DN100 water pipe network total length of more than 600 kilometers, the water supply population of more than 2 million. The issue of fund-raising will be invested in the following three projects: Township Water Plant Asset Acquisition project, intelligent Water Development and integrated Application project, Port Water plant reconstruction and expansion project, the total investment of 324 million yuan. (Panorama net/Chen Danyong)