Xu Machinery set to raise funds not more than 5 billion yuan approved by the SFC

NetEase Finance August 4, Xu Machinery Wednesday Evening issued a notice that the company issued a a-share of the application of the SFC issued the Audit Committee approved. According to the previous Xugong machinery disclosed the non-public issue of the issuance of additional plans, the number of non-public offerings in the range of 5000~16500 million, the total amount of funds raised not more than 5 billion yuan, the fund-raising will be used for the development of mechanical research and expansion project, large tonnage cranes and special cranes industrial base technical renovation project　　, the development of large-scale crawler crane technical renovation project, expansion of the export capacity of the crane technology Project, such as 9 projects. Xu Machinery is the domestic construction machinery industry leading, years of high growth, attracted a large number of fund concerns, the circulation of shareholders has been the fund occupies a large number of seats. As of March 31, Xu Machinery before the top ten circulating shareholders have squeezed 11 funds, is the highest proportion of the fund shareholding stocks, of which Yinhua core value of the preferred shareholding accounted for 5.7% of the circulation of capital.