Auto Parts Co., Ltd. Luen Ming shares announced the prospectus of IPO in the morning of June 10. The number of shares to be publicly issued will not exceed 20 million shares. RMB 2.5 billion will be raised for the construction of two auto stamping parts production bases and supplementary flows. funds.
The principal business of Lumens is the development, production and sales of auto stamping and welding assembly parts. It is a professional parts supplier for auto manufacturers.
The Lianmin share sponsor institution is China CITIC Jiantou. The number of shares that are publicly issued this time is no more than 20 million shares. Only the issuer publicly issues new shares and no old shares are transferred. The initial issuance volume under the plan is 12 million shares, accounting for 60% of the total issued amount; the initial number of online issuances is 8 million shares, accounting for 40% of the total issued amount.
According to the issuance schedule, from June 12th to June 13th, 2014, it was the initial inquiry stage. On June 17th, a release announcement was published and an online roadshow was held. On June 18th, online subscription was implemented.
The total amount of funds raised by the company's public issuance of new shares does not exceed 278 million yuan, and the net proceeds after deduction of issuance expenses do not exceed 250 million yuan. The total investment in the raised capital investment projects is 329 million yuan and the proposed investment is 250 million yuan. . One hundred and thirty-three million yuan was invested in large stamping parts production base (first phase) and mold research and development projects, and 53 million yuan was used for automobile stamping and welding parts production base projects, and another 74 million yuan was used to supplement working capital.
It is worth noting that the customers of Lucent share are highly concentrated. From 2011 to 2013, the company's total sales to Shanghai GM, GM Beisheng, and GM Dongyue accounted for 91.56%, 94.50%, and 96.45 of the company's current operating income, respectively. %.
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