129756967256406250_22"Zhuangao financial network" reporter Liu Tao, March 8, Hing Man Estate rims (002355.
SZ) announcement says ex-dividend, in addition to income, non-public offering of shares of company stock price/share adjusted from $ 13.24 to $ 12.99 per unit as of March 8, Hing Man Estate rims stock price touched as high as $ 12.92, basic and additional flat. As a matter of factAs early as in July last year, Hing Man Estate rims have actively reduced the price of additional, when set at $ 13.24, than the original issue price $ 15.91 down near 17%.
According to the plan, Hing Man Estate rims will raise up to $ 1.05 billion, both in Tangshan and Xianning massive expansion. Hing Man Estate steel ring at that time explained that the lowered reserve price is based on domestic a-share markets at the actual conditionConditions, in order to complete the private placement.
Then, last October, the China Securities Regulatory Commission approved a private placement, Hing Man Estate rims must be completed by April this year on the issue.
Worthy of note is, Hing Man Estate rims just Board the a-share market in early 2010, raised more than 700 million, of which hyper-raising amounted to $ 450 million. Investor questionsSay, Hing Man Estate rims but 2 billion 2011 total revenues, 2 years two large-scale financing and now continuous lower floor, to secure the success of additional.
Hing Man Estate rims can take rapid expansion after the financing?
In addition, by the end of 2011, Hing Man Estate rims the previous raise funds with nearly $ 50 million has not been used. According to Hing Man Estate rims announcement
diablo 3 power leveling, non-publicOpen shares
diablo 3 power leveling, raise funds into two branches located in Hebei and Hubei province. Among them, Tangshan project total investment of 700 million, an annual increase of production capacity of 7 million pieces of steel wheels; Xianning project investment of more than $ 700 million, to increase the annual production capacity of 10 million pieces of steel wheels.
After raising investment project, Hing Man Estate rims annual capacity of 17 million/year of expansion. But the actualShang, Hing Man Estate rims present annual output of restore did not reach such a high number. According to the recently released the 2011 annual report shows, Hing Man Estate bra 2012-year planned production of steel wheels 16 million, and this is the status of new capacity last year after production. As far as I understand, Hing Man Estate rims wheel project, as well as 2 million sets of tubeless steel wheel project has worked with 4 million cars this yearIn early production, increased total annual capacity of 6 million.
Love built securities analyst Zhang Zhipeng forecast, 2012, Hing Man Estate rims will increase the production capacity of 7 million, mainly in Tangshan branch projects before.
Such large-scale capacity expansion or reconstruction of a bra. More noteworthy is that of China's car market has gone through a few years ago high speedGrowth, growth in sales in 2011 an abrupt end, entered the stage of stable development, Dong Yang thinks of the China automobile industry association, China automobile industry base is very large
diablo 3 power leveling, return to high growth is difficult. Hing Man Estate rims annual report appear, their performance is not apparent growth, achieving revenues of $ 1.5 billion last year, only 12.56% per cent.In addition to capacity expansion, Hing Man Estate rims recently started implementation of the merger plan last November, Hing Man Estate rims said the proposed acquisition source international company limited in a stake and became the largest shareholder, the company's 2010 revenue of $ 320 million, this acquisition will also need large sums of money. Earlier this year, Hing Man Estate rims announcement again, to be United States set up a wholly-owned subsidiary, fundedAmount up to us $ 9 million. In addition to expansion, Hing Man Estate rims also suffered from little handsome helm of management, has actual control of the death human son-in-law of Cyrus Wong Gao Henan as Chairman, only 31 years old.
Can digest new capacity will continued tested Hing Man Estate rims and the young captain. (Securities market weekly Syndication) "author:" fiscal deficitBy net zhuangao "reporter Liu Tao" (Editor: Jin Yunhui)
