On the evening of December 7th, Sinochem International (600500.SH) disclosed a report on the non-public offering of A shares and stock issuance, announcing that the private placement would eventually be distributed to 18 specific institutions at the issue price of 6 yuan per share. 829 million shares of stock were issued, and the total amount of raised by reached 4.975 billion yuan. The successful issuance of this private placement will further enhance the company's capital strength and help the company deepen its business layout of new chemical materials.
It is worth mentioning that the scale of subscription orders of market-oriented funds reached 3.188 billion yuan for this fixed increase, and nearly 40% of the oversubscription has been achieved, which shows that market investors are interested in the company's new chemical material strategy and carbon three Passion for industrial projects. At the same time, Sinochem, the controlling shareholder, subscribed for the additional issuance of shares and in the same proportion, which also demonstrated its confidence in the company's future development prospects.
A total of 25 investment institutions participated in the subscription of Sinochem International’s fixed increase project, and finally a total of 18 investment institutions successfully subscribed. In addition to Sinochem, the controlling shareholder, there are not only strategic investment institutions including Chengtong Fund, National Energy Fund, Shanghai International Investment, Lianyungang Logistics Park Investment, Lianyungang Industrial Investment, Wanneng Capital, etc., but also Yangtze River Endowment insurance , Centennial Life Insurance, Caitong Fund , Cathay Pacific Leasing , UBS, JP Morgan and other mainstream financial institutions in the market. The successful allocation of these high-quality institutions has greatly enriched the company's shareholder structure.
In this fixed increase, Sinochem International’s controlling shareholder, Sinochem Corporation, subscribed for 2.698 billion yuan according to the original shareholding ratio of , and the market-oriented subscription order reached 3.188 billion yuan, with a subscription multiple of about 1.4 times. According to the bidding results, the final price of this offering is 6 yuan per share, which is a premium of 0.22 yuan per share compared to the reserve price of 5.78 yuan. 829,220,901 shares were issued in full, raising a total of 4.975 billion yuan.
This private placement is the single largest equity refinancing project since Sinochem International went public in 2000. In the second half of this year, when the secondary market fluctuated and went down, and the market capital became tighter, the successful implementation of this fixed increase has also established another benchmark project for the listed companies of new chemical materials state-owned enterprises in the capital market .
The fixed increase raised funds will be mainly invested in the first phase of Sinochem International’s carbon three industry project and replenish working capital, which will help the company further accelerate the strategic pace of transformation of new chemical materials business, enhance the profitability of chemical new material industry , and also have It is beneficial for the company to further enhance its capital strength, optimize its capital structure, and ensure stable operation and sustainable and healthy development.
The successful issuance of this private placement also shows market investors' firm confidence in the company's new chemical material strategy and carbon three industry projects. The value of Sinochem International as a platform for new chemical materials is constantly being recognized by the capital market with the implementation of industrial projects and the release of performance.
(Picture: Sinochem Lianyungang Circular Economy Industrial Park)
As the core listed company platform of Sinochem China in the field of materials science, Sinochem International is a leading company in the field of epoxy resin, polymer additives and other fields , has a leading level in the fields of para-aramid, nylon 66, ABS and other high-performance materials. At the same time, it is actively cultivating industrial chains such as lithium battery materials and electronic chemicals, and has gradually formed new chemical materials with leading technology and core competitiveness. Industrial clusters.
The first-phase project of Lianyungang carbon three industry with a total investment of 13.913 billion yuan will be completed in the first quarter of next year.It will open up the company's entire industry chain of new materials, realize effective synergy between upstream and downstream industries, form integration, cost advantages and economies of scale, and greatly increase the company's performance. According to calculations, after the project is put into production, it can realize an average annual operating income of 11.011 billion yuan and an average annual total profit of 1.715 billion yuan, and will bring more than 1.2 billion yuan in incremental net profit to the parent company.
Since this year, mainstream investment institutions including Guotai Junan , Northeast Securities , Guohai Securities , Huaan Securities , Shenwan Hongyuan , etc. have released a number of Sinochem International in-depth research reports and commentary research reports, He spoke highly of the company's firm strategic focus, continuous extension of upstream and downstream industrial chains, , and steady growth in performance, and based on "the foundation of new materials is gradually established", "the integrated layout of the industrial chain is perfect", "growth and performance increments can be expected "" "The future development space is broad" and other reasons give a buy and increase holdings rating.
In the future, Sinochem International will continue to firmly focus on the strategic direction of new chemical materials, based on the existing industrial foundation, relying on the Lianyungang Circular Economy Industrial Park and other characteristic chemical parks, to continuously extend the upstream and downstream industrial chains, enrich product portfolios, and enhance the comprehensive competition of the industrial chain To create a leading enterprise of innovative new chemical materials.
Source: Sinochem International
Disclaimer: The content contained comes from the Internet, WeChat official account and other public channels. We take a neutral attitude towards the opinions in the article. This article is for reference and exchange only. The copyright of the reproduced manuscript belongs to the original author and institution. If there is any infringement, please contact us to delete it.
-
-
-
-
-
-
-
-
-
-