The three-wood set of the group will increase 170 million shares raise capital not more than 1 billion

NetEase Finance September 15 News three Wood Group Wednesday Evening issued a notice said, the company intends to non-public offering shares not more than 170 million shares, raise capital not more than 1 billion yuan, the issue price is not less than 6.04 yuan/share. The announcement indicated that the shares of this issue were subscribed in cash, and the total number of single investors ' subscriptions must not exceed 30 million shares.　　This non-public offering plan still needs to obtain the company shareholder general meeting to approve and report to CSRC approval.　　The three Wood Group said that the Non-public offerings will be all invested in the three-Wood Group Jiaozhouwan Industrial area of the large municipal infrastructure construction projects, the total investment of 1.4 billion yuan, including 1.296 billion yuan project costs, the basic reserve costs of 104 million yuan. The three Wood Group said through the implementation of the fund-raising investment projects, the company can continue to play in the infrastructure investment and construction of rich industry experience, to obtain relatively stable and good returns; further expand the company's business area, give full play to the company's industrial linkage advantages, optimize the income structure, improve the company's core competitiveness, Enhance profitability and sustainable development capabilities.