Dew smile technology will increase by only 120 million yuan for sapphire only $1 billion 300 million

Daily economic news roshow technology announcement today, the company intends to non-public offering of not more than 39 million 324 thousand and 800 shares, issue price of not less than 33.53 yuan / share, raising not more than 1 billion 318 million yuan for the acquisition of roshow optical sapphire cutting and polishing equipment and inventory project and add liquidity. Which laughter group commitment subscription ratio of not less than 10% of the total issued. Company shares resume trading today. Daily reporter noted that after the completion of the issue, the proportion of the group will laugh laugh 37.36%, the actual controller of the company's direct and indirect control of the company's equity ratio will fall to 51.50%. Therefore, the issue will not lead to changes in corporate control.

Specifically, roshow technology intends to use 480 million yuan fund-raising for Lu Tong electrical energy-saving motor construction project; 360 million yuan for the Lu Tong electrical motor oil for direct drive intelligent project; 60 million yuan for the Lu Tong electrical intelligent sapphire crystal growth furnace research and development projects; 68 million 500 thousand yuan for the acquisition of roshow optical sapphire cutting and polishing equipment and inventory of 350 million yuan; used to supplement working capital.

Roshow technology said that the acquisition of roshow optical sapphire cutting and polishing equipment and inventory, one is to solve the problem with the competition between the two; on the other hand also help companies integrate sapphire crystal growth furnace production line's Lu Tong Electrical and roshow optical sapphire production and processing equipment, to further enhance the company profitability.

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