Western materials to be introduced into strategic investors

Western materials to a specific target non-public offerings have been completed, the new shares were listed yesterday in the Shenzhen Stock Exchange, the issue of the shares are all cash subscription, and the collection of funds was recorded on May 8. Western materials This private issue shares 25 million shares, the issue price of 20.19 yuan. Xi ' an aerospace technology industry company subscribe to 23.5 million shares, the major shareholder northwest Nonferrous Metals Research Institute Subscribe to 1.5 million shares. A total of 504.75 million yuan to raise funds for the acquisition of Western Titanium Industry Equity and annual output of 5000 tons titanium technical renovation project.　　After the completion of the issuance of the total capital will increase to 116 million shares, Xi ' an aerospace technology industry company Holdings 20.19% after the Northwest Nonferrous Metals Research Institute, become the second largest shareholder of Western materials. The introduction of the non-public offering of strategic investors in XI ' an aerospace, mainly engaged in the launch vehicle and engine development and production, titanium material is an important demand side. The introduction of Xi ' an aerospace as a strategic investor, the company will be through XI ' an aerospace in the aerospace, military field status and influence of rapid development and access to high-end titanium products application of the city often