Sifangda launched a prospectus today
Henan Sifangda Superhard Materials Co., Ltd. (300179) released a letter of intent for the offer today, which is scheduled to be purchased on January 27 and will be listed on the GEM. The company plans to issue 20 million shares this time, accounting for 25% of the total issued share capital.
According to the prospectus, Sifangda is the largest diamond polycrystalline (PCD) R&D and manufacturing enterprise in China. The core product market share has been among the best for many years, and it is also known as the world's three largest wire drawing die suppliers. The company's proceeds from this issuance mainly invested in high-tech industrialization of composite super-hard materials, composite super-hard materials products, composite super-hard materials and product R&D center projects, and invested a total of 182 million yuan.
The industry believes that the company's initial public offering of funds will optimize the company's asset structure, the company's strength will significantly increase; and the construction of fundraising projects will further enhance the company's product technology content and added value, significantly improve the company's core Competitive ability. In recent years, the state has clearly listed superhard materials and products as the key areas for national priority development. In 2010, Sifangda's high-grade wire drawing die diamond polycrystalline high-tech industrialization project was used as a demonstration project for Henan high-tech industrial chain project. The state has arranged funds of 15 million yuan. The industry believes that Sifangda is expected to maintain good development under the support of a good market environment and industry policies.
According to the prospectus, Sifangda is the largest diamond polycrystalline (PCD) R&D and manufacturing enterprise in China. The core product market share has been among the best for many years, and it is also known as the world's three largest wire drawing die suppliers. The company's proceeds from this issuance mainly invested in high-tech industrialization of composite super-hard materials, composite super-hard materials products, composite super-hard materials and product R&D center projects, and invested a total of 182 million yuan.
The industry believes that the company's initial public offering of funds will optimize the company's asset structure, the company's strength will significantly increase; and the construction of fundraising projects will further enhance the company's product technology content and added value, significantly improve the company's core Competitive ability. In recent years, the state has clearly listed superhard materials and products as the key areas for national priority development. In 2010, Sifangda's high-grade wire drawing die diamond polycrystalline high-tech industrialization project was used as a demonstration project for Henan high-tech industrial chain project. The state has arranged funds of 15 million yuan. The industry believes that Sifangda is expected to maintain good development under the support of a good market environment and industry policies.
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