The hottest northwest bearing company plans to rai

Northwest bearing company plans to raise a fixed increase of 600million yuan from the controlling shareholder

Northwest bearing company plans to raise a fixed increase of 600million yuan from the controlling shareholder

China Construction machinery information

Guide: Recently, we learned from Xi'an axis that Xi'an axis plans to issue 125million shares to the controlling shareholder Ningxia Baota Petrochemical Group Co., Ltd., with an issue price of 481 yuan/share, and the raised funds of 600million yuan, all of which are subscribed in cash. West axle is the first A-share listed company in China's bearing industry, and has always been a large and super large oil company in China

recently, Xi'an axis learned from Xi'an axis that it plans to issue 125million shares to Ningxia Baota Petrochemical Group Co., Ltd., the controlling shareholder, at an issue price of 4.81 yuan/share, and raise 600million yuan, all of which are subscribed in cash

West axle is the first A-share listed company in China's bearing industry, and has always been a key bearing supporting enterprise for large and oversize petrochemical machinery, metallurgical and mining machinery, and engineering machinery in China. In order to firmly grasp the development opportunities of the industry, strengthen the development of main businesses and improve the comprehensive competitiveness, West axis will focus on the bearing products that are mainly supported and encouraged by the state, combine the advantages of technology and quality, strive to promote the upgrading of bearing products, and accelerate the pace of expansion to high-end product series. This time, Baota petrochemical, the major shareholder, subscribed in cash to build high-end bearing projects, while supplementing the working capital of West axle to expand production, otherwise it is easy to cause dangerous situations such as machine failure and personal injury, optimize the product structure, reduce the company's asset liability ratio, improve the business situation, and maintain sustainable and healthy development

it is understood that after deducting the issuance expenses from the raised funds, West axis will give priority to the investment of 400million yuan in high-end bearing construction projects, and the remaining no more than 200million yuan will be used to supplement the working capital. If the additional issuance is successful, the debt ratio of West axle will be reduced from 68.43% to 43.77%, effectively improving the corporate solvency and anti risk ability. At the same time, after Baota petrochemical, the controlling shareholder of Xi'an axis, increased its shares in the company and locked its new shares for three years, which not only reflects the shareholders' attitude of supporting listed companies, but also shows that it is optimistic about the long-term development of Xi'an axis, which is also conducive to safeguarding the interests of small and medium-sized shareholders and realizing the maximization of the impact experiment of the most free falling dart method for the interests of shareholders

it also has obvious competitiveness in terms of product cost performance and production efficiency