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Jilin Chemical Fiber Prices Will Remain High After Adjustment.

2012/1/31 13:23:00 19

Jilin

chemical fiber

On the evening of January 30th, the SASAC of the Jilin Provincial People's government issued the audit opinions on the stock of Limited by Share Ltd's non public Development Bank of Jilin chemical fiber company, which agreed in principle to the company's non-public offering plan.

However, the proposed 5.36 yuan issuance price is still high.

Price of stock

36%.

The plan adopted is the company's two adjusted plan.

In June 2011, the Jilin chemical fiber board adopted a non-public offering plan to offer a non-public offering not exceeding 200 million shares at a price of not less than 6.23 yuan / share. The scheme was approved by Jilin SASAC in July 26th.

But as the stock market continues to fall, the price of Jilin chemical fiber is also down all the way, August 22nd.

Jilin

The chemical fiber board approved the adoption of the motion on the A share option scheme of the 2011 non public Development Bank (Revised Draft), and adjusted the benchmark price date, the controlling shareholder's commitment, the amount and purpose of the fund-raising.

The bottom price of the issue was lowered and the price of 5.36 yuan / share would be increased by no more than 200 million shares. The fund raised to eliminate the supplementary liquidity, only the bamboo pulp and the bamboo fiber integration project.

Jilin chemical fiber said in a 30 day announcement, the company has accumulated its own funds of 30 million 160 thousand yuan for the annual output of 95 thousand tons of bamboo fiber pulp upgrading technology pformation project has been invested in advance, according to the relevant provisions, the company decided not to use the proceeds to replace the 30 million 160 thousand yuan of its own capital investment, and therefore cut the ceiling of this fund-raising.

Jilin chemical fiber also released its annual performance forecast for 2011. It is estimated that the net profit loss attributable to shareholders of the parent company in 2011 will be about 280 million yuan -3.2 billion yuan, and the basic earnings per share will be about -0.74 yuan to -0.85 yuan.

In 2010, the net profit of the company was 78 million 980 thousand yuan.

The company explained that in the second half of 2011, raw material prices and product prices showed a downward trend, but the decline in product prices was far greater than the decline in raw material prices, resulting in a loss in the company.

On the 30 day, Jilin chemical fiber received 3.94 yuan, down 1.25%.