Chengdu Xinzhu Road & bridge Machinery Co.,ltd. announces that it plans to issue not more than 85 million shares at not less than CNY 14.12 each and raise CNY 1.2 billion in a non-public offering. The financing will be invested into a project producing 300 low-floor city buses annually.
The project's internal rate of return before investment taxes is 14.08 percent and investment payoff period before taxes is 7.41 years.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93435
