The hottest sun paper will increase by 2billion yu

2022-10-19
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Sun paper: a fixed increase of 2billion yuan will be invested in the Laos project

release date: Source: Shanghai Securities News Views: 9822 copyright and disclaimer

core tip: after the implementation of this raised investment project, we will achieve a reasonable layout of forest, pulp and paper businesses through "going out", break through the industry development bottleneck of resources, energy and environment in a short time, and ensure the sustainable development of the company, Achieve scale expansion and high-quality development. With the fund-raising in place, the capital strength of the company, which is widely used in high-speed rail, aerospace, home appliances, automobiles, electronics and other industries, will also be enhanced, and the net assets will be improved to a certain extent, which is conducive to enhancing the stability of the company's asset structure and anti risk ability

[China Packaging News] sun paper disclosed the plan for non-public offering of a shares on July 18. The company plans to increase no more than 518 million shares to no more than 10 objects, including the controlling shareholder sun holdings, and raise no more than 2billion yuan, of which 1.8 billion yuan is used for the "1.2 million ton papermaking project in Laos" and 200million yuan is used to supplement working capital. Sun holdings plans to subscribe for no less than 10% of the shares issued this time in cash, with a lock-in period of 36 months

"1.2 million ton papermaking project in Laos" is a part of the implementation of the "Forest Pulp paper integration" project by sun paper in Laos, which requires oil quality and is used in the interior of automobile door panels for the same purpose as general industrial valves. According to the announcement, the total investment of the project is $637million. After the implementation of the project, it is estimated that the annual revenue will increase by $642million, the annual profit will increase by $105million, and the pre tax static investment payback period will be 1 6.57 years before the installation of the experimental machine (including 2 years of construction). Previously, the "annual output of 300000 tons of chemical pulp" project built by the company in Laos was put into operation in June, 2018

a background that needs to be mentioned is that although China has become the world's largest paper industry, the industry is still "small and scattered". With the increasingly stringent requirements on environmental protection, manufacturing enterprises are facing more fierce competition, "going out" has become an important means to enhance competitiveness

the company said that after the implementation of this fund-raising project, it will realize the reasonable layout of forest, pulp and paper businesses through "going out", break through the industry development bottleneck of resources, energy and environment in a short time, ensure the sustainable development of the company, and realize the expansion of scale and high-quality development. With the fund-raising in place, the company's capital strength will also be enhanced, and its net assets will be improved to a certain extent, which is conducive to enhancing the stability of the company's asset structure and anti risk ability

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