Anshan Iron and Steel Group's listed company Vanadium and Titanium shares (000629) (000629.SZ) fixed increase landing, successful full fund-raising.
On the evening of July 3, disclosed the results of the issuance of Vanadium and Titanium shares. the company issued about 693 million shares, raising a total of 2.28 billion yuan, of which Angang Group was allocated 91.1854 million shares and 300 million yuan. In addition, 21 institutions and natural persons, including the Industrial Development Fund of underdeveloped areas, Cathay Pacific Fund and Morgan Stanley, participated in the increase.
The price increase of is 3.29 yuan per share. Calculated with the closing price of 4.14 yuan per share on July 4, the 22 investors participating in the fixed increase of vanadium and titanium shares have accumulated a floating profit of 582 million yuan.
According to the retrospective announcement of , the company's additional investment projects involve industrial, chemical and R & D projects, of which the largest investment is the 60, 000-ton / year titanium dioxide project of molten salt chlorination process in Panzhihua Iron and Steel Co., Ltd., with a total investment of 1.371 billion yuan and a planned investment of 1.193 billion yuan.
correspondent noted that with the advance of production capacity, as of the end of the first quarter, the number of projects under construction of Vanadium and Titanium shares was 276 million yuan, an increase of 46.92% over the beginning of the period.
Refinancing landed for the first time in nearly 8 years
According to the report on the issuance results of Dingzeng, 22 investors were allocated about 693 million vanadium and titanium shares at the issue price of 3.29 yuan per share, with a total fund-raising amount of 2.28 billion yuan.
Among the , Nord Fund was allocated about 110 million shares with a subscription amount of 363 million yuan, which was the highest among a group of investors; Angang Group, as the actual controller of vanadium and titanium shares, was allocated about 91.1854 million shares, with a subscription amount of 300 million yuan, ranking second; and Caitong Fund was allocated about 83.8906 million shares, with a subscription amount of 276 million yuan, ranking third.
After 's share offering, Nord Fund, CaiTong Fund and UBS AG, which did not hold shares in the company before, entered the top 10 shareholders of Vanadium and Titanium shares, ranking 8th, 9th and 10th, with a shareholding ratio of 1.19%, 0.9% and 0.71%, respectively, while Angang Group's direct shareholding increased from 10.8% to 10.97%, ranking the second largest shareholder of Vanadium and Titanium shares.
It is worth noting that the fixed price increase of is 3.29 yuan per share, which is calculated at the closing price of 4.14 yuan per share on July 4, with a discount of about 25.53%. It is estimated that the 22 investors participating in the fixed increase of vanadium and titanium shares have accumulated a floating profit of 582 million yuan.
retrospective announcement, Vanadium and Titanium shares raised funds after deducting the issuance costs to focus on the industrial category, four chemical categories, research and development of three parts of investment, as well as supplementary liquidity.
, from a specific point of view The fundraising projects are the 60,000 t / a titanium dioxide project of molten salt chlorination process in Panzhihua Iron and Steel Group, the upgrading and upgrading project of vanadium pentoxide in Panzhihua Vanadium Plant, the digital transformation and upgrading project of Panzhihua Vanadium and Titanium Resources Co., Ltd., the intelligent factory construction project of Panzhihua Iron and Steel Group Xichang Vanadium products Technology Co., Ltd., the automation upgrading construction project of Chongqing Titanium Industry Co., Ltd., The research and development project of industrial preparation and application of vanadium battery electrolyte and the preparation of titanium chloride from carbonized blast furnace slag.
Among the , the largest investment is the 60, 000 t / a titanium dioxide project in Panzhihua Iron and Steel Co., Ltd., with a total investment of 1.371 billion yuan and a planned investment of 1.193 billion yuan, accounting for more than half of the total investment.
reporter noted that the fixed increase of vanadium and titanium shares is the first refinancing after an interval of 8 years. In April 2015, the short-term financing bond of 1 billion yuan of Vanadium and Titanium shares was landed. Data show that so far, vanadium and titanium shares since the listing, equity refinancing totaled 24.36 billion yuan, the total amount of capital raised since the listing reached 28.029 billion yuan.
Titanium dioxide production capacity may reach 295000 tons
data shows that Vanadium and Titanium shares are mainly engaged in vanadium, titanium and electricity. The company is not only a major vanadium producer and a major supplier of titanium raw materials in China, but also an important manufacturer of titanium slag, sulfuric acid process and chlorinated titanium dioxide in China.
Angang Group, as the actual controller of Vanadium and Titanium shares, has established the vanadium and titanium industry as the "third pole" strategic vanguard. According to the 2022 annual report, the company's revenue from vanadium products and titanium products was 5.814 billion yuan and 6.361 billion yuan respectively, and the proportion of revenue was 38.54% and 42.16% respectively, accounting for 80.7% of the total revenue.
correspondent noted that the 60, 000-ton / year titanium dioxide project of molten salt chlorination process in Panzhihua Iron and Steel Co., Ltd. has been implemented in 2022. According to the annual report, 144 million yuan was invested in the project in 2022, and the progress of the project reached 15.66% by the end of last year.
as a whole, taking into account the conversion of other projects under construction to fixed assets, the amount of vanadium and titanium shares under construction was 187 million yuan at the end of 2022, an increase of 31.97% from 142 million yuan at the beginning of 2022. With the increase in investment, as of the end of March this year, the company's projects under construction were 276 million yuan, an increase of 46.92 percent over the end of 2022.
up to now, Vanadium and Titanium has a production capacity of 220000 tons / year of titanium dioxide by sulfuric acid process and 15000 tons / year by chlorination process. With the completion and commissioning of the titanium dioxide production line of 60, 000 tons / year, the production capacity of titanium dioxide by Vanadium and Titanium shares will reach 295000 tons / year.
