Abstract Stock Code: 000519 Securities Abbreviation: Jiangnan Red Arrow Announcement No.: 2014-1 Hunan Jiangnan Red Arrow Co., Ltd. Announcement on the completion of the capital increase business registration of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. The company and all members of the board of directors guarantee the contents of the announcement. true...
Stock code: 000519 Securities abbreviation: Jiangnan Red Arrow Announcement No.: 2014-1
Announcement of Hunan Jiangnan Hongjian Co., Ltd. on the completion of the registration of the capital increase of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd.
Announcement of Hunan Jiangnan Hongjian Co., Ltd. on the completion of the registration of the capital increase of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd.
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and there are no false records, misleading statements or major omissions.
Hunan Jiangnan Hongjian Co., Ltd. (hereinafter referred to as “the companyâ€) reviewed and approved the “Proposal on Capital Increase of Zhongnan Diamond Co., Ltd.†in 2013, and agreed to use the matching funds raised by this restructuring to be 1,269,988,011 yuan. Zhongnan Diamond Co., Ltd. (hereinafter referred to as “Zhongnan Diamondâ€), a wholly-owned subsidiary, increased its capital. After the capital increase, the registered capital of Zhongnan Diamond increased from 450,000,000 yuan to 1,719,988,011 yuan. The funds raised in this capital are all used in the construction project of Nanyang large grain diamond product line. Construction of five fundraising projects for high-grade polycrystalline cubic boron nitride composite sheets (PCBN) and polycrystalline diamond composite sheets (PCD) series of tool materials industrialization projects for precision machining.
Zhongnan Diamonds completed the registration procedures for industrial and commercial changes on January 15, 2014, and obtained the Business License for Enterprise Legal Persons issued by the Fangcheng County Administration for Industry and Commerce. The registered capital and paid-up capital of Zhongnan Diamonds was originally RMB 450,000,000. The RMB was changed to RMB 1,719,988,011 and the registration number was 411300100017032.
Special announcement.
Hunan Jiangnan Red Arrow Co., Ltd.
Board of Directors
January 16, 2014
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