Long Gao Group to issue 25 million shares

Panoramic network June 28 long High Group (002452) in the late Monday issued a letter of intent on the giant Tide information network. The company plans to issue 25 million shares, issued after the total share capital of 100 million shares.　　The unit will be implemented on July 7 online, net purchase, and will be listed in Shenzhen stock market.　　This issue uses the net to the share placing object to offer the allotment and the net to the social public investor pricing issue unifies the way, among them the net issue stock number does not exceed 5 million shares, accounts for this issue total stock Number 20%;　　According to the issue schedule, the time for the quotation is June 30-July 2, the price announcement date is July 6, the date of purchase and the payment date is July 7, after the issue will apply for listing on the Shenzhen Stock Exchange as soon as possible. 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. (Panoramic net/thunder)