Accelerating the process of retreating to the city, Shenma plans to increase the capital of 689 million yuan to subsidiaries

[Dahecai Cube News] On July 26, Shenma shares issued an announcement that it intends to increase its capital of 689 million yuan to the control subsidiary's curtain cloth development company alone in cash.

Shenma shares said that the capital increase is to accelerate the promotion of "Shenma Co., Ltd. 'retirement of the city and industrial upgrade and transformation project", improve the financial status of the curtain cloth development company, optimize the capital structure, reduce the asset -liability ratio, increase corporate credit rating , Enhance financing and loan capabilities, improve market competitiveness and industry status.

It is reported that the implementation plan of the Shenma Co., Ltd. "retreat to the city" and the industrial upgrade project implementation plan for the newly -built and relocated nylon 66 industrial silk 100,000 tons/year, 28,000 tons of white gray cloth, 20,000 tons/year of the peeling curtain cloth After the implementation of the project is completed, the Shenma Co., Ltd. will achieve the overall relocation to the curtain fabric development company. The total investment of the project was 2.681 billion yuan, of which the construction investment was 2.598 billion yuan; the construction period was 60 months; the average annual sales revenue was 2.658 billion yuan; %; 7.93 years before tax investment, and 8.69 years after tax investment recycling.

Responsible editor: Shi Jian | Audit: Li Zhen | Director: Wan Junwei

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