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Yantai North Andre Juice Co Ltd Announces Proposed Issue Of Shares


Tuesday, 5 Feb 2013 05:07pm EST 

Yantai North Andre Juice Co Ltd announced that at a meeting of the Board held on February 05, 2013, the Company proposed to apply to the relevant regulatory authorities in the PRC for the allotment and issue of not more than 100,000,000 A Shares with a nominal value of RMB1.00 each to natural persons, legal persons and other institutional investors, who maintain A Share account with the Shanghai Stock Exchange or the Shenzhen Stock Exchange (as the case may be) (except those prohibited by PRC laws and regulations and other regulatory requirements to which the Company is subject to), and apply to the Shanghai Stock Exchange or the Shenzhen Stock Exchange. However, the Company intends to apply the proceeds in the following projects with a total estimated investment amount of approximately RMB412,350,000: the establishment of production line for pear juice concentrate by Dalian Andre Juice Co.,Ltd.,with an estimated investment amount of approximately RMB 99,480,000; the technological upgrading of production line for pear juice concentrate by Xuzhou Andre Juice Co.,Ltd., with an estimated investment amount of approximately RMB 87,870,000; the establishment of production lines for various juice concentrates, with an estimated investment amount of approximately RMB 175,000,000; the establishment of research and development center, with an estimated investment amount of approx RMB 50,000,000. 

Company Quote

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2:56am EST