Guiyang Industrial Investment Trust raised 200 million investment in LED sapphire substrate project
[High-tech LED News] Guihang shares announced on June 22 that the company's second largest shareholder, Guiyang Industrial Investment (Group) Co., Ltd. will pledge all of the company's shares of 179,050,566 shares (6.22% of the total share capital) To Huarong Trust Company.
Huarong Trust recently issued a trust plan, and the trust company will raise about RMB 200 million to subscribe for the above-mentioned tradable shares held by Guiyang Industrial Investment Co., Ltd. The proceeds will be used for the investment construction of Guiyang Haotian Optoelectronics Technology Co., Ltd., a subsidiary of Guiyang Industrial Investment Co., Ltd. Annual production of 25 million LED substrate materials" project.
The above-mentioned trust plan has a 12-month maturity period and can be repurchased in advance after 6 months. The estimated return on investment is 9% or 9.5%. According to the average price of the company's stock price as of May 16, 2011, the pledge rate is about 50%. The main source of repayment of the above plan is the operating income of Guiyang Industrial Investment Corporation.
It is estimated that during the trust plan period, Guiyang Industrial Investment is expected to achieve at least cash flow of 657.46 million yuan through the income of LED Phase I project, its own operating income and subsequent financing.
It is reported that the original two shareholders of Guihang Co., Ltd. is the state-owned asset investment management company of Guiyang. In October last year, it transferred all the shares of the shares held by Guihang to Guiyang Industrial Investment Co., Ltd., and the above-mentioned shares were registered and transferred in February this year. .
Huarong Trust recently issued a trust plan, and the trust company will raise about RMB 200 million to subscribe for the above-mentioned tradable shares held by Guiyang Industrial Investment Co., Ltd. The proceeds will be used for the investment construction of Guiyang Haotian Optoelectronics Technology Co., Ltd., a subsidiary of Guiyang Industrial Investment Co., Ltd. Annual production of 25 million LED substrate materials" project.
The above-mentioned trust plan has a 12-month maturity period and can be repurchased in advance after 6 months. The estimated return on investment is 9% or 9.5%. According to the average price of the company's stock price as of May 16, 2011, the pledge rate is about 50%. The main source of repayment of the above plan is the operating income of Guiyang Industrial Investment Corporation.
It is estimated that during the trust plan period, Guiyang Industrial Investment is expected to achieve at least cash flow of 657.46 million yuan through the income of LED Phase I project, its own operating income and subsequent financing.
It is reported that the original two shareholders of Guihang Co., Ltd. is the state-owned asset investment management company of Guiyang. In October last year, it transferred all the shares of the shares held by Guihang to Guiyang Industrial Investment Co., Ltd., and the above-mentioned shares were registered and transferred in February this year. .
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