More than 8% in today's 600 million increase in the three-ring division

NetEase Finance February 24 News of the three-ring 23rd evening issued a notice, the proposed non-public offering of not more than 27 million shares, the total amount of fundraising not exceeding 600 million yuan, the issue price is not less than 22.55 yuan/share. The third Ring of China Branch said that the funds raised by this non-public offering will be used in the production and extension of rare earth permanent magnet materials and technical renovation projects, mainly for energy-saving home appliances, new energy vehicles, wind power generation, information industry and other fields. After the project was completed and put into production, the production capacity of sintered nd-FE-B magnets in the three rings of Zhongke was increased from 12,000 tons/year to 18,000 tons/year.　　Zhongke Three ring said, will be on the one hand through the production capacity to alleviate the current shortage of product supply situation, on the other hand improve product quality, maintain the company in the field of rare earth permanent magnets leading position. Zhongke Three ring is currently China's largest, the world's second largest NdFeB permanent magnet materials production enterprises.　　The company's main products NdFeB rare earth Permanent magnetic materials is one of the most important rare earth functional materials, its use is extremely extensive. The demand of rare-earth permanent magnet materials has been greatly improved because of the booming of communication and information industry market in the economic globalization. At the same time, under the background of "energy saving, environmental protection and low carbon economy", the State has promulgated relevant policies to encourage the development of new industries such as wind power generation, energy vehicles and energy-saving appliances, thus providing more space for the development of rare earth permanent magnet materials.　　During the "Twelve-Five" period, the state will include rare earth functional materials in the seven major strategic emerging industries, for the development of rare earth functional materials to formulate an active support of industrial policy, and the Rare-earth raw materials industry to rectify, to ensure its long-term orderly development of norms.　　In the 2010, with the concept of rare earth permanent magnets, the three rings in China branch soared, rising by as much as 212.68% per cent. In the secondary market, the three rings were active today, with a sharp increase of more than 8% per cent.　　Volume continues to enlarge. Considerable news China branch three-loop directional additional financing 600 million expansion of rare earth Permanent Magnet project