North of the shares of more than 3 billion yuan to buy weapons group TDI assets

North of the shares (002246) decided to be not less than 16.79 yuan/share, the directional issuance of more than 180 million shares, the proposed fund-raising net amount not exceeding 3 billion yuan.　　The proposed part of the fund is used to acquire the TDI (toluene diisocyanate) and the pump valve assets under the Chinese Ordnance Industry Group Corporation, partly for the expansion and technical renovation after the completion of the acquisition. In particular, the North will invest 328 million yuan to acquire the arms group of all subsidiaries of Gansu Silver Silver Poly Chemical Co., Ltd. 49.35% Equity, investment 619 million yuan to buy Gansu Yintai Chemical Co., Ltd. 100% Equity,　　Invest 192 million yuan to buy Liaoning North Brocade Polyurethane Co., Ltd. and other companies of 60% Equity, and invest 126 million yuan acquisition of the natural person held Xiangfan 525 Pump Co., Ltd. 29.93% equity. TDI is one of the important raw materials of polyurethane materials, polyurethane has high strength, corrosion resistance and other characteristics, can replace wood and steel, by Germany BASF and Bayer, the United States Huntsman and Dow Chemical, such as four major multinational monopolies. Weapon Group has more than more than 20 years of TDI research and production history, for the domestic first with TDI independent intellectual property rights enterprises.　　At present, the weapons group's TDI production capacity reached 150,000 tons, as the largest TDI manufacturer, with the ability to participate in international industry enterprises competition. After the completion of the acquisition, the north will increase the company's chemical capital of 522 million yuan and the implementation of 50,000 tons/year TDI Technical Transformation Expansion Project,　　Silver Tatsu Chemical Industry in 2010 completed the production of TDI products 45,800 tons, sales of 45,800 tons of TDI products, achieve a net profit of 58.5467 million yuan, north of the stake will be increased to the north of Liaoning 1.11 billion yuan for 100,000 tons of TDI technology expansion Project, in addition, the 525 pump to increase the capital of 100 million yuan for upgrading projects. North of the shares, said the completion of the Non-public offering, in addition to Nitrocellulose manufacturing, the company's business areas will be extended to the TDI industry, and will have the industry's leading TDI production technology and advantages of the market position, the formation of new profit growth, conducive to enhancing the company's sustainable development capabilities.