Long Gao Group issue price 25.88 yuan

Panoramic network July 5 Long High Group (002452), the Monday evening Notice that the company's initial public offering of a shares of the IPO price is determined to 25.88 yuan/share, corresponding to the 35.45 times times P/E.　　The unit will be implemented on July 7, 2010 (Wednesday) online, web-based purchase. The total number of shares issued is 25 million shares, accounting for the total share capital after the issuance of 25%.　　Among them, the net issue quantity is 5 million shares, 20% of the number of the issue, online distribution of 20 million shares, accounting for the issue of the number of 80%; This issue of the stock purchase referred to as the "long High group", the purchase code for "002452", the application for short and the purchase code for this distribution network under the Internet for purchase. The online purchase time for July 7 9:30~11:30, 13:00~15:00. Participating in this online purchase of a single securities account for the purchase of the Commission not less than 500 shares, more than 500 shares must be 500 shares of the integral times, but not more than 20000 shares.　　The issuance of subscription time for the network under the 9:30~15:00 July 7. Hunan Chang Gao High voltage switch Group AG is one of the largest high-voltage isolation switch manufacturing enterprises in China.　　During the reporting period, the company in the State Grid company headquarters centralized bidding and the Southern power grid and its subordinate provinces of the isolation switch (including grounding switch) in the bidding has been ranked first, in the last three years according to the number of successful market share on average reached 25.08%. The issuance of funds in order to invest in the following items: investment of 240.79 million yuan for high-voltage isolation switch and grounding switch to change the expansion of the project, investment 54.23 million yuan for the High-voltage electrical company to move and expand projects, investment 50.66 million yuan for non-ferrous Metal special Casting project. (Panorama net/Chen Danyong)