Oriental zirconium industry set to raise funds by the SFC to enter the nuclear-grade zirconium

NetEase Financial January 7, Oriental zirconium industry issued a notice in the evening, January 7, 2011, the CSRC audited the company's non-public offering of a shares of the application, according to the results of the meeting, the company's Non-public issue A shares of the application was approved. Oriental zirconium industry issued a previous announcement that the company will be no less than 15.95 yuan/share of the price of non-public offerings not more than 60 million shares, the total amount of fund-raising not more than 820 million yuan.　　After deducting the issue fee, 520 million yuan is used for the new production of 1000 tons of nuclear grade sponge zirconium, 300 million yuan is used in the new production project of 20000 tons of high-purity zirconium oxychloride. The Institute of Dongxing Securities believes that the oriental zirconium industry into the highest end of the industrial chain, will rely on external forces to achieve a major breakthrough. The expansion of the nuclear-grade zirconium, marking the company into the zirconium industry chain at the highest end of the link. From the industrial chain of zirconium, the oriental zirconium industry already has from the upstream zircon sand began to the downstream varieties of the whole industry chain business.　　Nuclear-grade zirconium is the highest technology in the industrial chain, the most difficult to produce the field, nuclear-grade zirconium intervention marks the future of the company will become a global competitive zirconium synthesis manufacturer. Suppose the company in the four quarter to 16 yuan price additional 50 million shares calculation, dongxing Securities forecast 2010-2014 EPS respectively 0.29 yuan, 0.36 yuan, 0.97 yuan, 1.49 yuan, 2.01 yuan. After the release of nuclear zirconium in 2012, valuations quickly declined.　　In view of the potential for higher growth in the future, the promotion of the Oriental Zirconium industry rating as "strongly recommended." As of January 7, the Oriental zirconium Karma 45.13 yuan, Rose 0.4%.