On June 15, Shichuang Energy announced that the company's online subscription time was 9: 30-11: 30 and 13: 00-15: 00 on June 16, 2023 (T Day). The offline subscription time is 9: 30-15: 00 on June 16, 2023 (T Date). The issuing price of this
issuance is RMB 19.20 yuan/share, and the online subscription investors shall subscribe according to the issuing price. The subscription is referred to as "Shichuang Subscription"; the subscription code is "787429".
It is reported that Shichuang Energy was approved by the Shanghai Municipal Committee on December 7, 2022, and the company plans to issue 40.08 million shares with a total amount of 1.096 billion yuan. The funds raised will be used for the construction of high-efficiency solar cell equipment expansion projects, new materials expansion and automation upgrade projects, high-efficiency solar cell technology and equipment research and development projects, research and development centers and information construction projects, as well as replenishment of working capital.
Source: Shichuang Energy Prospectus
According to the company's listing and issuance announcement, based on the issue price of 19.20 yuan/share and the number of new shares issued of 40 million and 800 shares, if the issue is successful, the total amount of funds raised by the issuer is estimated to be 768 million. After deducting the issuance fee of 67.0842 million yuan (excluding value-added tax), the net fund raised is estimated to be 701 million yuan.
According to public information, Shichuang Energy is mainly engaged in the research and development, production and sales of photovoltaic wet process accessories, photovoltaic equipment and photovoltaic cells. The company's products include texturing auxiliaries, alkali polishing auxiliaries, body defect passivation equipment, chain annealing equipment, cleaning auxiliaries, photovoltaic whole cell and photovoltaic half cell series.