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    Qingdao Double Star: Focus On Private Placement

    2007/12/11 0:00:00 10418

    Qingdao Double Star

    The reason for the change is that the shareholders' meeting has adopted 6000-7500 shares of private placement and the upper limit of raising funds is 400 million yuan, and 296 million of the investment will be invested in 1 million 300 thousand sets of high-performance steel radial truck tire pformation projects. The balance fund will be used to repay the bank loans of the first 600 thousand sets of high-performance steel loaded heavy truck tire technology pformation projects.

    The total investment of the 600 thousand sets of technical renovation projects is 173 million yuan, of which 100 million yuan is bank loans and the rest is self raised by the company.

    Investment highlights: (1) the company has a prominent position in the auto parts industry in China. After years of efforts, the company has become one of the leading industries in the domestic tire industry, covering the whole country, and has a good market for potential development. The products are exported to hundreds of countries and regions such as Southeast Asia, central and South America, the Middle East and so on, and become one of the largest enterprises in China's industry.

    The overall strength of twin stars ranks the highest in the world.

    (2) Qingdao Binxing (stock market) has been operating vigorously since its merger with Huaqing group. It is aiming to make the main tire industry bigger and stronger and become one of the fastest expanding enterprises.

    Recently, the company has launched a new round of asset consolidation, through the thorough acquisition of Dongfeng tires, to achieve major business expansion and enhance competitiveness.

    Shake the money: temper black horse breed (3) the company in addition to the well-known "double star" trademark has been selected as "China's highest recognition rate trademark" one of the 24 well-known trademarks, "double star brand" sports shoes for 10 consecutive years won the first sales of similar products.

    Risk warning: rising production costs and peer pressure.

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