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Lukang Science And Technology Intends To Raise Funds For IPO To Invest In A Variety Of Fiber Blended Yarn Projects.

2011/5/10 11:29:00 46

Lukang Science And Technology Fund-Raising Fiber Blended Yarn

Jiangsu Lukang Polytron Technologies Inc today published a prospectus of the prospectus, intends to initial public offering of 53 million shares, accounting for the company's total after this issue.

equity

25%.

According to the arrangement, the company will make a preliminary inquiry in from May 11th to 13th.

Apply for the purchase

The time is May 17th and 18, and the online subscription time is May 18th.

Lukang science and technology product research and development, design, production and sales, mainly engaged in the production and sale of all kinds of knitting wool yarn and high-grade worsted fabric.

The leading products of the company are "Lukang brand" worsted yarns and semen.

Do spinning

And woolen fabrics.

As a large scale wool yarn and woolen manufacturer in wool textile industry, the company has strong competitiveness in the industry and has a high market share.

With good R & D strength, strict quality control and first-class production facilities, the company has selected customers at home and abroad and established long-term friendly and cooperative relations with many famous enterprises. The company's operating income and net profit have shown good growth in recent years.

In 2010, the company's operating income and net profit increased by 28.39% and 51.91% compared to the same period last year.

The company said that in the next 2 to 3 years, it will continue to focus on the design, production and sales of all kinds of multi fiber blended yarns, acrylic cashmere yarns and high-grade worsted fabrics. It will continuously enhance the power and vitality of sustainable development by continuously reforming the internal mechanism of the enterprises. Through continuous technological progress, efforts should be made to improve the level of equipment, vigorously develop new products, enhance the core competitiveness of the enterprises, and build the company into an advanced world level enterprise, so that the quality of the products, equipment and products of the company will reach the international first-class level.

Lukang science and technology starting fund will be used in a variety of fiber blended spinning projects.

The project intends to use the spare space in the existing plant area, introduce advanced spinning equipment abroad, and develop advanced spinning technology with the company's own development to develop and produce many kinds of fiber blended yarn.

After the project is implemented, the production capacity of 3000 tons of knitted yarn can be processed.