Marine Wang Zhaoming first pass

The evening of September 19th, the Commission issued a notice, Wang Zhaoming ocean Polytron Technologies Inc (first) was adopted.

According to the sea Wang Zhaoming prospectus shows that the proposed public offering of ordinary shares 50 million shares, representing the total issued share capital of $12.5%. The funds raised will be used mainly for the following three items: the production line construction project (project investment amounted to 336 million yuan), R & D Center Project (project investment amounted to 140 million yuan), the expansion project of domestic marketing center (planned investment of 69 million 770 thousand yuan), a total investment of 550 million yuan.

Wang Zhaoming said that in recent years, the rapid expansion of the company's business scale, production capacity has been seriously inadequate. If it can be successfully implemented, the company's production capacity, technical level, R & D capabilities and marketing capabilities will be greatly improved, is conducive to further enhance the company's core competitiveness and profitability.

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