Jinrui Technology plans to invest in diamond polycrystals
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According to the 2007 annual report, the company's main business income reached 1.39 billion yuan, an increase of 61.23% over the previous year; net profit was about 50 million yuan, a year-on-year increase of 137.04%.
The company has one of the largest manganese trioxide plants in Asia and one of the largest electrolytic manganese metal production bases in the country. The domestic market share has remained above 60%, and the industry monopoly position is outstanding. The company currently has two manganese mines in Tongren, Guizhou Province, with proven reserves of around 4 million tons.
In addition, the company will issue 40 million shares in a non-public offering with a financing of not less than 445 million yuan.
Jinrui Technology announced that according to the resolution of the board of directors, the company intends to issue no more than 10 yuan to the company's controlling shareholder, Changsha Research Institute of Mining and Metallurgy, at an issue price of not less than 11.12 yuan/share (the pricing base date is the announcement date of the board meeting). Specific objects will issue no more than 30 million shares (including 30 million shares) and no less than 10 million shares (including 10 million shares) of ordinary shares (A shares), and specific targets will be subscribed in cash.