St Gan to launch targeted additional plans today unlimited trading

NetEase Financial February 15 News St Gan today disclosed the announcement, the company intends to 6.78 yuan/share price to Delixi directed additional 120 million shares. A total of 810 million yuan to raise money, by Delixi West Group in full cash subscription. The collection of funds will be used to invest in LED wafer production and yeast bioengineering technical renovation expansion of two projects. Total investment of two projects amounted to 942 million yuan, of which, led wafer production project investment amounted to about 700 million yuan, yeast bioengineering technical renovation extension project about 242 million yuan.　　The total amount of the non-public offering is not more than 810 million yuan, after deducting the issue fee will be all invested in these two projects, raise funds are not part of the company self-financing solution. The company said, led wafer production project was completed, the expected led wafer sales will become the company's new business growth. The bio-industry will become another pillar industry of the company after the development of yeast Bioengineering technology extension project.　　Thus, the company's main business will be transformed into led industry and biological industry, the original pulp and paper industry will be timing disposal.　　Buoyed by the news, the stock is trading at a limitless limit today. Related News St Gan to create led main industry Delixi will inject 800 million