Newsletter summary
Andely Juice (02218) plans to issue A sharesScratchgdNo more than 35 specific investors subscribe, with an offering size of 20% and raising no more than 300 million for fruit juice production lines and replenishment of liquidity.
Text of news flash
[Andely Juice plans to raise 300 million yuan to expand production capacity and replenish working capital]
Andely Juice (02218) announced plans to issue A-shares to specific investors through a summary process, not exceeding 20 per cent of the company's current total share capital.
The company plans to raise a total of no more than 300 million yuan through this share offering. The funds obtained will be mainly used for the production line of 7200 tons of decolorized and deacidified concentrated fruit juice and the annual output of 1.Scratchgd20000 tons of NFC fruit juice project and replenish working capital.
Andely Juice said that by expanding production capacity and replenishing liquidity, the company can enhance market competitiveness, enhance profitability, and further consolidate its leading position in the fruit juice industry.
The offering is aimed at no more than 35 specific investors, and the issuance plan has been approved by the board of directors, pending approval from the general meeting of shareholders and relevant regulatory authorities.
Andely Juice, as a leader in the domestic fruit juice industry, has been recognized by the market and consumers for its high-quality products and services.
The investment project of the raised funds is in line with the company's development strategy, and is expected to further enhance the company's core competitiveness and profitability, and create greater value for shareholders.
Andely Juice will continue to be market-oriented, constantly optimize product structure, improve product quality and service level, and meet the increasingly diverse needs of consumers.
At the same time, the company will continue to pay attention to the development trend of the industry, seize market opportunities, actively layout emerging markets, and open up new business growth points.
Andely Juice is full of confidence in the future development, will continue to uphold the "integrity, pragmatism, innovation, win-win" business philosophy, for shareholders and society to create greater value.
Investors can pay close attention to the company's follow-up announcement and performance and seize investment opportunities.