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Mengtai High-tech's initial public offering of shares for the expansion project with an annual output of 23,000 tons of polypropylene fiber

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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On August 11, Guangdong Mengtai High-tech Fiber Co.
, Ltd.
made an initial public offering and was listed on the Growth Enterprise Market

Guangdong Mengtai High-tech Fiber Co.
, Ltd.
(hereinafter referred to as "Mengtai High-tech") is a high-tech enterprise specializing in the research and development, production and sales of polypropylene fibers.
At present, it has established more than 70 polypropylene FDY production lines, 8 POY production lines, There are 2 DTY production lines and several other production and R&D equipments.
The annual production of polypropylene filaments with different specifications and functions exceeds 30,000 tons.
It is currently the largest domestic polypropylene filament manufacturer with actual output

According to its "Announcement on Initial Public Offering of Shares and Listing on the Growth Enterprise Market", 24 million shares were issued this time, and the issue price was 20.
09 yuan per share.
The maximum subscription limit for a single account was 6,500 shares, and the top subscription required a market value of 65,000 yuan

The raised funds will be mainly used for the expansion project of polypropylene fiber with an annual output of 23,000 tons, the construction project of R&D center, and the supplement of working capital

Use of raised funds

According to the prospectus, the funds raised by Mengtai High-tech's public offering of shares will be used for the company's main business, namely the research and development, production and sales of polypropylene fibers

In addition, the "23,000-ton-per-year polypropylene fiber expansion project" is mainly to raise and invest 274,867,100 yuan to build a 23,000-ton annual polypropylene fiber expansion project.
By introducing new equipment and building new production lines, the company will be upgraded Production scale, enhance the company's product supply capacity, and enhance the company's market share and competitiveness

The "R&D Center Construction Project" is to build a high-standard new R&D center based on the existing core technology and process of polypropylene fiber production and talent pool, combined with the needs of future market development

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