Jiangxi Cement proposed to issue 65 million shares today

NetEase Financial February 16 News Jiangxi Cement yesterday evening announced that the company intends to be no less than 10.64 yuan/share of the price-oriented additional 65 million shares, raise capital limit of 692 million yuan.　　The fund-raising funds are intended to be used for the acquisition of 50% stake in Jin XI cement and supplementary liquidity; pure low-temperature waste heat power generation project, years of concrete mixing plant project and Xingguo concrete mixing plant project. The acquisition of Kam Creek Cement 50% Equity and supplementary liquidity for the current fixed increase in the largest project. The company intends to raise funds to promote 500 million yuan.　　At present, the company and Kam Creek Investment in the acquisition of Kam Creek Cement 50% Equity interest, equity valuation based on asset valuation. Data show that the stake in Kam Creek Cement by the southern Evergreen and Kam Creek Investment held 50%. Kam Creek Cement Five directors from the southern Evergreen sent three.　　As the southern Evergreen for Jiangxi Cement holding subsidiary, Jiangxi Cement has substantial control over Kam Creek Cement, in the investment agreement agreed by the company consolidated statements. Affected by this news, the unit today a word trading.　　The volume is weak. Related news Jiangxi Cement proposed to add more than 65 million shares to buy Kam Creek Cement