Shandong Demian will issue 70 million A shares


Shandong Demian Co., Ltd. announced its prospectus today. The company will issue no more than 70 million A shares. The total issued share capital will be 160 million shares. It will be listed on the Shenzhen Stock Exchange after the completion of the issuance.
The issuance adopts a combination of offline inquiry and inquiry of the inquiry object and online fund purchase pricing, in which the offline placement does not exceed 14 million shares, and the online issuance amount is the total issuance minus the final circulation under the net. As the sponsor and lead underwriter of this offering, Ping An Securities Co., Ltd. will be responsible for organizing the preliminary inquiry and promotion work from September 12 to September 15, and will issue an inquiry to the China Securities Industry Association in Beijing, Shanghai and Shenzhen. The initial price inquiry was made by 35 of the price objects.
It is understood that Shandong Demian Co., Ltd. is the first IPO company in Shandong after the share reform. The company is a large state-owned enterprise, mainly engaged in the production and operation of medium and high-grade apparel fabrics and decorative fabrics such as natural fabrics, filament fabrics and yarn-dyed fabrics. The company's technical level is in a leading position in the same industry across the country. The company's main business income in the first half of 2006, 2005, 2004 was 45,458,200 yuan, 910,680,100 yuan, 80,406,200 yuan, net profit was 12,218,900 yuan, 2,359,690 yuan, 22,41,200 yuan.

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