Sifangda (300179) disclosed the issuance announcement today. The company plans to issue no more than 20 million shares at an issue price of 24.75 yuan per share, corresponding to a diluted P/E ratio of 68.75 times. If the issuance is successful, the amount of funds raised by the issuer will be 495 million yuan. The subscription time for this offline subscription is: January 27, 2011 (T, Thursday) 9:30-15:00. The company's main business is the development, production, sales and sales of synthetic polycrystalline diamond sintered body, synthetic diamond composite sheet, cubic boron nitride sintered body, cubic boron nitride composite sheet, synthetic diamond products and cubic boron nitride products. The 2009 annual earnings per share was 0.51 yuan, and the earnings per share from January to June 2010 was 0.28 yuan. The funds raised this time are planned to invest in the following projects: composite superhard material high-tech industrialization project, composite super-hard material product project, composite super-hard material And product research and development center project, with a total investment of 181 million yuan. The rest will be used for other working capital projects related to the main business.
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