Digital Building Materials DataBM. Com reported on April 20 that Rainbow shares announced yesterday evening that it intends to increase its capital by 1 billion yuan to Hongyang Display (Xianyang) Technology Co., Ltd., a wholly-owned subsidiary, with its own funds. In order to accelerate the construction of Xianyang G8.5 + substrate glass production line project. After the completion of the
capital increase, the registered capital of Hongyang Display will be increased by 100 million yuan to 1.1 billion yuan, and the company will still hold 100% equity of Hongyang Display.
Rainbow shares said that the capital increase of Hongyang Display is to speed up the layout of the substrate glass industry and continue to promote the construction of Hongyang Display Production Line project, which meets the company's strategic planning and business development needs. This capital increase is conducive to the realization of the company's strategic objectives, but will not have a significant impact on the company's financial and operating results in the short term. After the capital increase of Hongyang Display, Hongyang Display is still a wholly-owned subsidiary of the company, which will not affect the company's control over Hongyang Display.
It is reported that Xianyang G8.5 + substrate glass production line project has a total investment of 20 billion yuan, covering an area of 730 mu, and plans to build 20 hot-end kilns and 10 cold-end production lines. Among them, the first phase of the project invested 9.1 billion yuan, covering 615 mu, with a construction area of about 265395 square meters, and started construction in 2022, mainly building eight hot-end kilns and four cold-end production lines. After the project is put into production, it is estimated to produce 5.82 million pieces of substrate glass annually, with an annual output value of 5.02 billion yuan and a total profit of 1.23 billion yuan.
浙公网安备33010802003254号