Kaile technology will be approved by shareholders ' meeting

Changjiang Business Newspaper News (reporter Zengsiy) kaile Science and Technology (600260, shares bar) the plan was approved by the General Assembly yesterday, the company intends to 7.01 yuan per share price, to not more than 10 of the specific investors in the private issue of 159.91 million shares, raise capital of 1.121 billion yuan. Yesterday, Kaile Science and Technology held a general meeting, to increase the plan to vote for all the shareholders held the effective voting rights of more than two-thirds in favour of the passage. It is reported that this fund-raising, kaile technology will be mainly used for annual output of 300 tons of optical fiber preform Industrialization Project, an annual output of 10 million core kilometers of optical fiber project follow-up works and repayment of bank loans.　　The non-public offering of shares is subject to a specific investor of not more than 10, including the controlling shareholder, Ke da Commerce.　　Kaile Technology said that the implementation of the project is conducive to the promotion of optical fiber preform localization ratio, the company formed a fiber preform manufacturing, optical fiber drawing and cable manufacturing as the main component of the complete industrial chain, enhance the company's profitability. In addition, the amount of money raised, 329 million yuan will be used to repay the bank loans.　　The company said the asset-liability ratio at the end of June was 64.61% and there was an urgent need to shift reliance on debt financing. As of yesterday's closing, Kaile Technology reported 9.45 yuan, up 4.19%.