Central And Fund-raising 1.1 Billion Additional Shares In The Proposed Pv Investments - Central

Earlier this month on the 4th Arts plans to invest 1.5 billion shares of building

solar power plants in Italy, today (May 18) announced a non-public offering plan, the company will raise not more than 11 billion yuan to invest in its light V materials project.

Shareholder subscription does not exceed 2 percent

Central share released plans show for the offering will include the controlling shareholder of the Central Group, including not more than 10 specific targets to start issuing the reserve price was 11.75 yuan / share, the number of issued shares of ~ 9000 million in 6000 between the funds raised no more than 1.1 billion. Central Group, publisher of the subscription ratio of the number of 10% to 20%, in addition to the Central group limited sale period of 36 months, the other objects of subscription period is 1 year limited sale. The funds raised would be invested

two projects. One, Inner Mongolia, Central PV Material Co., Ltd. (hereinafter referred to as Central PV) of the "green renewable Energy Solar Energy Battery With the silicon materials industry Chemical industry Cheng 2 project ", to be a total investment of 1.049 billion yuan, will use 800 million yuan of funds raised; Central PV shares in Central Sun, which has a wholly owned subsidiary of Tianjin Central Europe Semiconductor materials Technology Co., Ltd. (hereinafter referred to as Central European company) holds 80% stake.

Another "IGBT and light Electronic Devices FZ silicon material with R & D and industrialization projects, "by Central European companies as the main body to implement. The project plans a total investment of 120 million yuan, which raised funds to be invested 100 million yuan.

Central shares that raised funds in place, the company will be 900 million yuan to the company's capital increase, Central Europe, Central Europe and the company then one of the 800 million yuan to the way in Central PV replenishment raise investment to realize these two projects input.

Additional investment in capacity expansion PV

2008, the Central share to the Central Group for private placement, which will include Central European stock listed companies pocket. Central European firm specializing in the production of silicon materials, although Financial Crisis global PV market demand, silicon material prices continued to fall, but in 2009, Central European companies still realize a profit 13.4917 million yuan. 80% of their holdings in Central's solar PV Battery With the silicon materials industry of the project after a year of construction, the process has completed most of the equipment installation and commissioning, and validation by the industrial production. Central shares that a project is expected to carry out inspection in August of this year, which will form the 110MW of silicon crystal and 50MW of monocrystalline silicon production capacity.

The proposed investment 1.049 billion yuan, is the second phase of construction projects. Total will add 390MW / in crystal production (including single crystal increased 290MW, polycrystalline ingot increased 100MW), chip capacity 150MW / year, and supporting the formation of an internal quartz crucible. Phase II is completed, the Central PV will have an annual capacity of crystal 500MW (including crystal 400MW, polycrystalline 100MW), wafer production capacity 200MW, in addition to the equivalent 400MW / quartz crucible in production capacity.

by: gaga

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