The construction machinery industry continues to h

2022-07-27
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Liugong's influx into the construction machinery industry continues to heat up

Liugong's influx into the construction machinery industry continues to heat up

China Construction Machinery Information

Guide: the construction machinery industry is bound to be particularly eye-catching this year, which is inseparable from the national promotion of the transformation of scientific and technological achievements. Since the non-public Development Bank plan of XCMG machinery was approved, Liugong, another leading enterprise of construction machinery, is also unwilling to be lonely, The non-public offering plan was announced today. Liugong swarmed into the issuance tide. The non-public offering plan announced by Liugong said that the public

the construction machinery industry is destined to be particularly eye-catching this year. Since XCMG's non-public Development Bank plan was approved, Liugong, another leading enterprise of construction machinery, is also unwilling to be lonely. Today, it announced its non-public offering plan

According to the non-public offering plan released by Liugong group, the company plans to issue no more than 150million shares to no more than 10 specific investors, including Liugong group, at a price of no less than 20.61 yuan/share, and plans to raise no more than 3billion yuan

the funds raised in this non-public offering will be used for projects with an annual output of 10000 construction machinery, large tonnage automobiles and crawler cranes, "Composite materials can only be used under the conditions of lighter component requirements, lower unit cost and more efficient production process. Liugong construction machinery hydraulic components R & D and manufacturing base project, Liugong North construction machinery R & D and manufacturing base project, Zhongheng International Leasing Co., Ltd. capital increase project and supplementary working capital and other six projects.

before this offering, the controlling shareholder Liugong group held 38.69% of the company's equity. According to the upper limit of the number of issues, 1 . Calculated by 5billion shares, the total share capital of the company after the completion of this issuance is 800million shares. Liugong group plans to subscribe for no more than 14.556 million shares in this issuance with 300million yuan in cash. After this issuance, Liugong group will hold no less than 31.44% of the company's share capital and remain the only largest shareholder of the company

some analysts believe that Liugong's private placement is to take advantage of the industry financing tide and join the army of expanding production capacity. With the improvement of economic form and the increase of market demand, the construction machinery industry has ushered in a wave of financing since 2009

in April, 2009, Zoomlion disclosed its non-public offering plan, and planned to raise 5.572 billion yuan to invest in the industrialization project of large tonnage cranes. In July, CAMCE international also announced that the company plans to issue no more than 36million non-public shares to the controlling shareholder China Machinery Industry Group Co., Ltd. to purchase 100% of the equity of China Engineering and agricultural machinery import and Export Co., Ltd. In September, Sany Heavy Industry announced that the CSRC had conditionally reviewed and approved the issue of shares issued by the company to specific objects to purchase assets and related party transactions. In December, XCMG announced that it planned to raise 5billion yuan to invest in the R & D platform expansion project, large tonnage comprehensive crane and other industrial structure optimization and upgrading, so that the requirements of the domestic and foreign markets for the precision of extruder products have been continuously raised, and the plan was approved in August this year for nine major projects in the milling process of repairing complex workpiece after rough machining

the prosperity of the industry continues to rise

although the market is worried about the prospects of the construction machinery industry due to factors such as real estate control policies, global economic fluctuations and rising steel prices, leading enterprises such as Zoomlion, XCMG machinery and Liugong are not afraid of risks and frequently increase their private offerings. Insiders believe that this is the performance that the enterprise is optimistic about the future development prospects

in the first half of this year, the construction machinery industry achieved rapid growth, with a year-on-year growth of 1.5 times. XCMG machinery achieved the sales revenue of last year in the first half of this year

according to the research of Ping An Securities, the improvement of the construction machinery industry is due to the strong market demand for construction machinery products in the first half of the year and the hot product sales. With the improvement of the economic form, the construction machinery industry, which has experienced the impact of the financial crisis, began to show restorative growth

"at this time, Liugong has a good opportunity to launch the financing plan." According to the research of Everbright Securities, although the growth rate of the construction machinery industry will slow down in the second half of the year due to tight demand, the market demand is still growing, the industry prosperity is still improving, and the construction machinery industry will continue to grow next year

guoyaling, an analyst at CITIC Securities, also believes that the current prosperity of the industry is much better than expected. Although the recent national policies on credit regulation and real estate regulation have caused the market to worry about the development prospects of the construction machinery industry, considering the new 36 articles, regional planning, affordable housing and export recovery will provide new impetus for the development of the industry, the industry is still optimistic about the development prospects in the second half of the year and in the future

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