Kane shares: Dabbling in the field of car batteries

Sina tip: This article belongs to the Research Report column, only for the analysis of a stock of personal views and views, and the unofficial news report, Sina does not guarantee its authenticity and objectivity, all relevant to the stock of effective information to the Shanghai and Shenzhen Stock Exchange of the announcement as prevail, please investors pay attention to risk.　　State Securities Li Shivin event: Kane shares recently announced that the company intends to acquire 78.8% of the group Battery company, will not be less than 8.51 yuan/share of the price of the private issue of not more than 40 million shares to develop the business. Comments: Kane shares to be not more than 10 of the specific object of the issuance of shares, circulation of not more than 40 million shares, the issue price is not less than 8.51 yuan/share. Two projects to be funded: one is to increase the battery company to implement the new production capacity of 250 million power battery technical renovation project, the project total investment of 315 million yuan, the amount of money to raise funds 180 million yuan; the second is to increase the battery company to implement the car-powered battery new project, the project total investment of 120 million yuan, the amount of money raised　　The first project would allow the company to expand its nickel-hydrogen battery capacity by 5 times times, and the second project would be a new area that the company has not yet covered and is now seen as highly promising. According to Cain's net profit forecast for its battery business in the next three years, the company issued a thin EPS (earnings per share) of 2009-2011 to 0.14 yuan, 0.26 yuan and 0.38 yuan respectively, maintaining a "cautious recommendation" rating.