Dongshan Precision 540 million yuan expansion of LED and precision module project
Dongshan Precision released the 2012 non-public offering plan. The number of non-public offerings does not exceed 62 million shares (including 62 million shares), and the raised fund limit is 108 million yuan (including the issuance costs). Small Power Diesel Generator,Small Power Diesel Generator Set,Small Power Generator,Air Cooled Portable Diesel Generaor Shanghai Kosta Electric Co., Ltd. , https://www.generatorksd.com
The company's non-public offering of shares raised funds mainly invested in the company's precision manufacturing system's overall expansion project. To achieve the following objectives: 1. Enhance the scale of the company's precision manufacturing capacity and enhance the company's industry competitiveness; 2. Improve the company's precision manufacturing service system and increase the company's value in the industry chain; 3. Increase the company's main business income To improve the company's profitability.
Dongshan Precision intends to use the raised funds to invest in four projects such as “expanding precision sheet metal parts projectâ€, “expanding precision metal structural parts projectâ€, “expanding precision electronic device projectâ€, “expanding LED devices and precision module projectsâ€. Among them, the expansion of LED devices and precision modules project investment of 536.94 million yuan.
The company said that if the funds raised in this issuance are in place, if the actual net raised funds is less than the total amount of funds to be invested in the above-mentioned raised funds investment projects, the shortfall will be solved by the company with its own funds or through other financing methods.
In addition, the company said that after the completion of the issuance, the company's total assets and net assets will rise sharply. Under the condition that the total liabilities of the company will not change, the company's asset-liability ratio will decrease, and the company's asset structure will be optimized. The financial situation has improved.
The profitability of the fund-raising investment project is good. After the project is put into production, it can effectively improve the company's profit level. The company's sales revenue and total profit scale will all achieve a major breakthrough on the basis of the current, so that the company's profitability has been comprehensively improved. The increase in sales revenue of the company will also bring direct operating cash inflows. 