Liugong group plans to issue 800million yuan of co

2022-08-21
  • Detail

Liugong plans to issue 800million yuan of convertible bonds to increase the investment in the loader project

Liugong plans to issue 800million yuan of convertible bonds to increase the investment in the loader project

China Construction machinery information

Guide: Liugong (000528) announced today that the board of directors recently considered and approved the plan for issuing convertible corporate bonds of no more than 800million yuan, and the funds raised will be invested in seven projects, including the technical transformation project to improve the core manufacturing capacity of loaders. The board of directors of the company that issued 800million yuan convertible bonds passed the deliberation

Liu Gong (000528) announced today that the board of directors recently considered and approved the plan for issuing convertible corporate bonds of no more than 800 million yuan, and the raised funds will be invested in seven projects, including the "technical transformation project for improving the core manufacturing capacity of loaders"

issue convertible bonds of 800million yuan

the board of directors of the company reviewed and approved the plan for the public issuance of convertible corporate bonds of no more than 800million yuan

the total amount of convertible corporate bonds issued this time is determined to be no more than RMB 80 million (including RMB 80 million). According to the relevant regulations and the implementation schedule of the project to be invested by the raised funds of the company's convertible bonds, combined with the issuance scale of the convertible bonds and the future operation and finance of the company, the term of the convertible bonds issued this time is set as 6 years. The face value of each convertible bond issued this time is 100 yuan, which is issued at face value

the convertible bond to equity period of this issuance starts from the first trading day after the expiration of 6 months from the date of the issuance of convertible bonds to the maturity date. The initial conversion price of the convertible bonds issued this time is based on the arithmetic mean of the closing price of a shares of the Japanese company in the 20 trading days before the prospectus date and A2 of the Japanese company in the previous trading day Generally, the liquid medium in the low-temperature tank is alcohol or frozen liquid, with the higher of the average transaction price of shares as the benchmark, and the increase shall not exceed 10%. The specific initial conversion price shall be determined by the board of directors authorized by the board of shareholders according to the market conditions

seven projects of fund-raising investment

the raised funds will be invested in seven projects, including the "technical transformation project to improve the core manufacturing capacity of loaders". These projects are major investment projects of Liugong in the "Eleventh Five Year Plan", with a planned investment of 1497.6049 million yuan

the other six projects are: the technical transformation project with an annual output of 4430 excavators, the construction of pavement machinery and equipment project of Jiangyin Liugong, the technical transformation project to improve Liugong's heat treatment manufacturing capacity and production capacity, the technical transformation project of digital Liugong innovation project, the acquisition of the equity of the affiliated companies of the group and the property rights of welfare plants, and the overseas marketing network construction project

at the beginning of 2006, Liugong started some technical transformation projects such as "technical transformation to improve the core manufacturing capacity of loaders" in accordance with the requirements of the company's "Eleventh Five Year Plan" overall development plan. Up to now, the total investment of the above projects has reached 172.2729 million yuan, mainly from bank loans and self owned funds

the company also announced today that according to the adjusted annual strategic plan of the company, the board of directors agreed to increase the investment amount of the "technical transformation project to improve the core manufacturing capacity of loaders" by 146.19991 million yuan in fixed assets on the basis of the original planned total investment of 333.3509 million yuan, and adjust the total investment amount to 47.97 million yuan

the above seven projects also include the acquisition of 96.60% equity of Liuzhou Liugong machinery accessories manufacturing Co., Ltd. held by Guangxi Liugong Group Co., Ltd. and 100% equity of Liuzhou Construction Machinery welfare factory, with the acquisition price of 97.7253 million yuan. These two acquisitions need to be approved by the relevant competent departments

Liu Gong said that accessory companies and welfare factories mainly produce special accessories for loaders for the company, which is safe and reliable. At present, the company's production scale continues to expand, and the demand for special accessories increases correspondingly. The acquisition of accessory companies and welfare factories will effectively ensure the supply quantity and quality of the company's loader parts through resource integration, and enhance the company's dominant position in the competition

the authenticity of this information has not been confirmed by the information of China software free upgrade construction machinery, which is for your reference only. Please do not reprint without permission. If it has been used under this authorization, it should be used within the scope of authorization, and it should be noted that "source: application method of China Construction machinery information impact testing machine 1 information"

Copyright © 2011 JIN SHI