On the evening of February 16, Shandong Daye Co.Ltd(603278) announced that it is planned to raise no more than 600 million yuan. After deducting the issuance expenses, it is planned to invest in the project of high-performance bead steel wire for radial tire with an annual output of 200000 tons and supplement working capital.
According to the announcement, Shandong Daye Co.Ltd(603278) the issuance object of this non-public offering is no more than 35 specific investors, the number of non-public offering shares is no more than 86.9876 million, and the number of shares to be issued is no more than 30% of the total share capital before this offering.
The company said that in recent years, the development of the tire industry is “in full swing”. Among them, the tire represented by high-performance radial tire has become the development direction of the tire industry. As one of the important skeleton materials in the tire product industry, bead steel wire will continue to change and develop with the development of the tire industry, Its performance is very important for tire processing and production and tire quality and service performance.
This time, the company plans to increase the project of high-performance bead steel wire for 200000 t / a radial tire, all focusing on the production of high-performance bead steel wire, which will greatly improve the scale advantage of the company in the field of tire skeleton material industry and further optimize the product structure of the company. At the same time, as a national high-tech enterprise and a benchmark enterprise of Intelligent Manufacturing in Shandong Province, the construction of this raised investment project will help the company further promote intelligent manufacturing and improve its core competitiveness.
