Zhongnan Diamond's listing work

Abstract On July 10, the 17th working meeting of the China Securities Regulatory Commission's listed company mergers and acquisitions review committee in 2013 was reviewed. Zhongnan Diamond Co., Ltd. (hereinafter referred to as “Zhongnan Diamond”) was approved by the Jiangnan Red Arrow Asset Restructuring Plan. This is following the June 29th Luanchuan...
On July 10, the 17th working meeting of the China Securities Regulatory Commission's listed company mergers and acquisitions review committee in 2013 was reviewed. Zhongnan Diamond Co., Ltd. (hereinafter referred to as “Zhongnan Diamond”) was approved by the Jiangnan Red Arrow Asset Restructuring Plan. This is another good result of the listing of Nanyang City, represented by Zhongnan Diamonds, after the listing of Luanchuan Yudian Vanadium Industry on the Toronto Stock Exchange on June 29.

Zhongnan Diamond Company's main business is the development, production and sales of super-hard materials synthetic diamond and cubic boron nitride. It is the leading enterprise in the domestic super-hard materials industry and the world's largest manufacturer of synthetic diamonds. Diamond was rated as "China Famous Brand" product, Yuxi Industrial Group Corporation is the controlling shareholder of Zhongnan Diamond, and China Ordnance Industry Group Corporation is the actual controller of Zhongnan Diamond. The merger and reorganization will be carried out by means of “fixed acquisition + supporting financing”. Jiangnan Red Arrow will issue 100% equity of Zhongnan Diamond to the specific target at a price of not less than 9.68 yuan/share, and the 100% equity of Zhongnan Diamond The valuation is about 4 billion yuan and the estimated value-added rate is about 218.77%. Based on this calculation, the number of shares issued by Zhongnan Diamond in this issue of shares is approximately 413 million shares. At the same time, the company issued 136 million shares to a specific investor and raised about 1.3 billion yuan of matching funds for the fundraising project of Zhongnan Diamond in Nanyang.

The successful reunification of the China-South Africa diamond reorganization plan is the result of the city's continued promotion of the “421” enterprise listing plan. It is also the result of the city's capital market situation, insisting on domestic and overseas mergers, focusing on both initial and restructuring, and adopting multi-channel listing.

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