According to sources, Quan Diesel Power intends to sell at a price of not less than 7.91 yuan per share, with non-public offering of no more than 100 million shares and no more than 700 million yuan in fundraising, which is mainly used to produce 100,000 units per year with low energy consumption and low emissions. Commercial vehicle diesel engine construction project and an annual output of 100,000 sets of high-efficiency and energy-saving non-road diesel engine construction projects.
The announcement disclosed that the project will annually produce 100,000 diesel engines for low-emission and low-emission commercial vehicles with a construction period of 24 months. The total investment of the project is 277 million yuan. The project product meets the requirements of the national emission standards and has the ability to upgrade the country's emission standards. The project to raise funds meets the requirements of the relevant industrial policies of the country.
The construction period of an annual output of 100,000 units of high-efficiency and energy-saving non-road diesel engines is 24 months. The total investment of the project is 226 million. The products of the project are widely used in non-road areas such as agricultural machinery and engineering machinery, and have broad market prospects.
In addition, Quanchai Power will use 60 million raised funds to invest in the construction of an advanced research and innovation platform for diesel engines with advanced domestic standards. The remaining 120 million raised funds will be used to supplement liquidity.
Quanchai Power said that the funds raised in this non-public offering will be used for the company's main business, in order to promote the company's existing product upgrades and upgrade the company's technical level. After the implementation of the project, it will further optimize the company's existing product structure, consolidate and improve the company's position in the industry, and enhance market influence.
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