Baoneng listed company CSG A set to increase by 4.5 billion, partly used to supplement working capital

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Baoneng listed company CSG A set to increase by 4.5 billion, partly used to supplement working capital

Baoneng listed company CSG A set to increase by 4.5 billion, partly used to supplement working capital
On the evening of March 5th, CSG A, a listed company affiliated to the Baoneng Department, issued a fixed increase plan by taking advantage of Dongfeng.At present, more than one hundred A-share listed companies have issued fixed-income plans. Against the background of the decline in refinancing biology, CSG A has thrown $ 4.5 billion in fixed increases, 13 of which.US $ 500 million to replenish working capital and repay bank loans.After raising 4.5 billion yuan, does CSG A really lack money?The fixed increase plan shows that the size of the funds raised in this non-public issuance of A shares does not exceed 4.5 billion (including the number). After deducting the issuance expenses, the funds raised 31.US $ 500 million light-weight high-transparency panel manufacturing base project for solar equipment, 13.US $ 500 million to replenish working capital and repay bank loans.The objects of this issuance are not more than 35 specific objects that meet the conditions prescribed by the China Securities Regulatory Commission.According to the third quarterly report of 2019, CSG A reported and realized operating income.6.2 billion, a decrease of 6 each year.01%, the net profit attributable to shareholders of listed companies is 5.4.4 billion, an increase of 16.03%, the net cash flow from operating activities was 15.0.88 million yuan, an annual increase of 6.92%.The net present ratio of CSG A in the first three quarters of 2019 is 2.77. Initially, the company realized a net profit of one yuan and the actual cash flow into the company was 2.77 yuan, CSG A’s net profit is supported by real gold and silver.As of September 30, 2019, the balance of monetary funds of CSG A was 18.6.4 billion, with a short-term loan of 28.With 6 billion US dollars, CSG A ‘s short-term solvency is relatively weak, and its cash flow will be hit harder within a year.Just in 2020, CSG A still faced considerable pressure to repay its debts. On July 14, 2015, the company issued a medium-term note with a period of 5 years and a 5-year maturity of US $ 1.2 billion, with an interest rate of 4.94%, the redemption date is July 14, 2020.In the announcement, CSG A stated that the repayment of some bank loans by raising funds will help ease the pressure of the company’s debt repayment, reduce the company’s financial expenses, optimize the company’s financial structure, and improve the company’s financial stability.Become the most expensive listed company of Baoneng Department since December 2014. Qianhai Life Insurance, Ju Shenghua, etc. have passed the secondary market and fixed increase. By early December 2015, they gradually bought CSG A shares5.2.9 billion shares, B shares 35.54 million shares, the shareholding ratio reached 25.05% became a major shareholder.It is conservatively estimated that Qianhai Life Insurance and Ju Shenghua bought CSG A and gradually used more than US $ 5 billion in funds.CSG A was once the most expensive listed company in the Baoneng system.As of now, Qianhai Life Insurance and Ju Shenghua hold a total of 24% of CSG’s distribution, with a market value of 42.8.9 billion yuan.Sauna, Ye Wang Zhang Yanbian editor Yue Caizhou proofreading Liu Baoqing

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