Most popular Zoomlion private placement approved f

2022-09-28
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Zoomlion private placement approved funds will be invested in 10 projects

Zoomlion private placement approved funds will be invested in 10 projects

China Construction machinery information

Guide: Zoomlion's non-public offering was approved by the development and Examination Commission. According to the previous issuance plan, the company plans to privately issue no more than 300million shares to no more than 10 specific objects to raise capital C) qualified products (c) The total amount of funds shall not exceed 5.571 billion yuan. The raised funds will be invested in the industrialization of large tonnage cranes, the global financial leasing system, etc. 1

Zoomlion's non-public offering was approved by the IEC. According to the previous issuance plan, the company plans to privately issue no more than 300million shares to no more than 10 specific objects, and the total amount of funds raised is no more than 5.571 billion yuan. The raised funds will be invested in 10 major projects such as the industrialization of large tonnage cranes and the global financial leasing system. Zhan Chunxin, the chairman of Zoomlion Heavy Industry Group, once said publicly, "the project for which the fund-raising investment has been prepared for two years. If it is fast, the project will reach production in three years, which can create an income of 17billion yuan, which is equivalent to building another Zoomlion."

yesterday, Zoomlion suspended trading to explore suitable vanadium battery utilization scenarios, but previously the company's share price adjusted with the overall sector. "In the short term, the huge additional issuance has a certain impact on the stock price, but the additional issuance helps to solve the capital bottleneck caused by the rapid expansion of Zoomlion. In recent years, the company has been expanding rapidly, and its business has almost expanded to the whole industrial chain of construction machinery." Xuxingyue, a researcher at Great Wall Securities, once analyzed that "there is a great possibility of successful financing, and a huge amount of fund-raising will help the company develop rapidly. If the additional issuance is successful, the company will become the absolute leader in the domestic construction machinery industry."

Zoomlion is not the only company in the construction machinery sector to implement refinancing by stretching the sample to a certain position. Recently, the private placement of excavator assets by Sany Heavy Industry has been approved, and XCMG machinery also plans to raise 5billion yuan through private placement

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