Tsing Lung Pipe Industry's IPO price is set at $25

Panorama July 19 Tsing Lung tube Industry (002457) The announcement of the Monday evening announced that the IPO price of the company's initial public offering was set at 25.00 yuan/share, and the corresponding P/E ratio was 33.33 times times.　　The unit will be implemented on July 21, 2010 (Wednesday) online, web-based purchase. The total number of shares issued by the company for 35 million shares, of which the number of issued under the network for 7 million shares, for the number of the issue of 20%, the number of online distribution of 28 million shares, for the number of the distribution of 80%;　　The application for short and the purchase code for this issue online, the net purchase. The online purchase time for July 21 9:30~11:30, 13:00~15:00. Participating in this online purchase of a single securities account for the purchase of the Commission not less than 500 shares, more than 500 shares must be 500 shares of the integral times, but not more than 28000 shares.　　The issuance of subscription time for the network under the 9:30~15:00 July 21. Ningxia Qinglong Pipe Industry Co., Ltd. is the main business for the development, manufacture and sale of water supply, drainage pipelines, and according to customer demand for a small number of other uses of pressure piping.　　The company has engaged in research and development, manufacturing and sales of various water supply and drainage pipeline more than 30 years of experience, has been pursuing the "regionalization, specialization" of the development strategy, the target market positioning in the northwest region and "Beijing-Tianjin-Tangshan" area, is the largest supply and drainage pipeline production enterprises in the Northwest, but also one of the largest water supply and drainage This issue raises funds to be used for five projects: steel wire mesh skeleton reinforced plastic (polyethylene) Composite Pipe Technical transformation Project, Tianjin Hailong Pipe Industry Co., Ltd. Phase I construction project, Tianjin Hailong Pipe Industry Co., Ltd. two phase construction project, prestressed steel tube concrete pipe (pccp-l, PCCP-E) Expansion Project and Enterprise Technology Center construction project, total investment of 253 million yuan. (Panorama net/Chen Danyong)