Frbiz.com Reports Boe Protocol Additional Capital To Build Eight Generations

Chinese LCD production enterprise Beijing Oriental technology group Co.

, LTD (SZ) 000725. (Beijing Oriental) issued to the shares, say 3 million to 2.3 million a-shares net, raise funds shall not exceed 100 million yuan RMB, the capital Beijing Beijing Oriental is mainly used for display technology company (hereinafter referred to as "the Oriental show") investment and construction of thin film transistor eighth liquid crystal display (LCD) devices (tft-lcd) production project and supplement company capital flow.

This announcement in shenzhen stock exchange in site. The major announcement for additional global rapid growth of liquid crystal TV panel huge market demand, in order to adapt to the mainland Chinese TV industry transformation of the strategic needs. The price of this offering is not less than 4.64 yuan /, raise funds for Beijing Oriental capital construction investment that are used for eight generations line project, the project total investment 280.3 billion yuan, use this to raise funds 85 million yuan, in addition to 15 million yuan for working capital.

The announcement, 8 generation line project construction scale: processing glass substrates for 2200mm * 2500mm size glass substrates, array processing capacity of 9 million maximum/month, color filter glass substrates for 9 million maximum processing capacity/month, 115 million panel production, construction site on/to Beijing economic and technological development zone, east C1, C2 C6 plot and C5.

It is understood that this year August 25, Beijing Oriental and Beijing international trust Co., LTD. (hereinafter referred to as "trust") in Beijing, Beijing's e-town international investment and development Co., LTD. (hereinafter referred to as "e-town investment") and Beijing economic and technological investment development corporation (hereinafter referred to as "Beijing development corporation") signed Beijing jinggong Oriental display technology Co., LTD. Co-funded agreement" Beijing Orient, agreement that will increase the registered capital follow-up 171.67 billion yuan, including Beijing trust in cash 85 million yuan of registered capital in cash, Beijing Oriental 85 million yuan capital investment, paid for by 37 e-town area of 40,000 square meters land subscribed investment, Beijing development corporation in Beijing Oriental show up for the preferred capital.

After the completion of the capital, Beijing Oriental show for 172.17 billion yuan of registered capital, the company of Beijing Oriental show the shareholding 49.631% for Beijing, the trust of shareholding 49.369% for display on the east, southeast investment holding 0.971% for that of Beijing, Beijing development corporation of Oriental show for 0.029% shareholding. The project total investment and the difference between the capital by Beijing Oriental show, both through bank loans.

Notice that the rise of industry, flat panel display CRT (CRT) for industrial brought an unprecedented shock, CRT industry are LCD (LCD), PDP (plasma display) new flat panel display technology trends already irreversible. As soon as the suitable investment flat-screen television 8 generations, can fill the blank line, to promote industrial Chinese TV industry transformation, and maintaining the country's industrial safety is of great strategic significance.

by: Frbiz

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