Branch force is far from public offering 7,500 million capital increase battery Pa Branch

Section much power (600,478, the closing price of 7.58 yuan) announcement today, the company intends to target non-public offering no more than 7500 million A shares, to raise funds 450,000,000 yuan, mainly for capital investment company, a subsidiary Branch Pa Electric Vehicle Battery pack energy projects. Since September, with Warren Buffett to buy up the subject BYD, far into force Section A-share market has been concerned about the stock, the company’s capital re-Pa Branch, perhaps stock prices will continue to add to a strong Fire.

On August 25 this year, the Bureau has decided to force far invested 37,500,000 yuan, with the super technology companies to set up joint ventures in Hunan Branch Pa Motor Co., Ltd. battery, Section Division accounted for much power the  ,hp PB995A battery Pa 75% of the total share capital. Branch and hegemony after the establishment of the battery, the first phase of construction is expected to line the design capacity of 1,500 per month for Taiwan, for an annual output of 18,000 Taiwan-scale use of electric vehicles, product gross margin of not less than 25%. It is this investment, so that the power section far the Apple laptop battery market has become the focus of attention in the near future.

The company today announced that another 7,500 non-public offering of shares of A shares, 450,000,000 yuan to raise funds to continue to invest in Section Pa battery companies. Branch said that much power, battery-Pa Branch is committed to open up the development of automotive  ibm 92p1060 battery business, the non-public offering in order to seize power Ni-MH battery car industry development in the current favorable opportunities. Branch to raise funds Pa battery will be used to invest in electric vehicle battery pack energy projects. After the completion of the project will be an annual production capacity of 48,000 car with nickel-hydrogen dell Inspiron 9300  battery production capacity. The non-public offering, will be no more than 10 specific investors to raise capital, issue price of not more than 6.32 yuan / share. 450,000,000 yuan in fund-raising, 4 billion yuan was used to increase battery Pa Branch, 50,000,000 yuan for the company to add liquidity.

Since September this year, Li Yuan-section shares fell 4.50 yuan in the after market funds has been great concern, with the volume rising stock price, rose to 8.26 yuan at one time the highest of the high points, the biggest rise as high as 84%. Analysts believe that the power section far up the market because the toshiba pa2487u battery  and Desai (000,049, the closing price of 6.07 yuan), the funds are directed from the battery. Buffett due to the acquisition of BYD, the funds raised for the car battery. The Bureau’s plans to increase power away again Pa Section batteries, apparently in response to market speculation, it is obviously good news. As a result, short-term point of view, did not rule out the possibility of higher share prices further. However, the need to pay attention to is that the longer the hp PP2210  battery investment, when the company can generate revenue, as well as the future market for electric vehicles will be able to accept that there are large uncertainties. In the operation, or short-term investors concerned about the proposal is appropriate.compaq BTP-63D1 , compaq BTP-58A1 ,compaq TravelMate 4000

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