CSG Holding Plans 4B Yuan Private Placement

Date: 25 January 2011
Source: www.capitalvue.com

Date: 25 January 2011

CSG Holding intends to raise up to four billion yuan by issuing no more than 250 million shares to 10 designated investors in a private placement at a minimum issue price of 17.88 yuan per share.

The funds raised will be invested to expand production capacities for its TCO membrane glass, silicon chips, solar cells and energy saving glass businesses. Total investment amount required is 6.065 billion yuan.

CSG Holding said the investment will enhance its market share in the glass industry and improve its operational capabilities.

The company forecasts that 2010 net profit will rise 75 percent year-on-year to 1.46 billion yuan, with earnings per share (EPS) of 0.7 yuan. CSG Holding attributes the growth in net profit to the increase in revenues from sales of flat glass and fine glass as well as the improved profitability of its solar energy business.

600450 CSG Holding Plans 4B Yuan Private Placement glassonweb.com

See more news about:

Others also read

MORE...

New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
AAMA Corporate Membership Renewal Process Opens, Recruitment Incentive Program Added
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Smart Hotel Bathroom Interiors
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.
Glassman Glass Machinery has gained delightful harvest over 12 days after ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.

Add new comment