ZJFL Glass announced that after completing the initial inquiry to the inquiry object on January 24, 2019, the company will issue 150,000 A shares at the issue price of RMB 2 per share. The issue price is determined based on a number of factors, including the initial inquiry result, the company's fundamentals, the H-share price level, the planned raised funds, the valuation level of the comparable company, the industry, market conditions, and investor structure, etc. factor.
It is reported that ZJFL Glass is expected to raise approximately 254 million yuan in net proceeds and will be invested in a 900,000 t / a photovoltaic module cover glass project and an 100,000 t / a online Low-E coated glass project.
About ZJFL
ZJFL Glass Group Co., Ltd. is a comprehensive medium-sized and large-scale enterprise integrating glass research and development, manufacturing, processing and sales. It was founded in June 1998.
The group's subordinates are Zhejiang FL Glass Co., Ltd., Zhejiang Fulite Glass Co., Ltd., Shanghai FL Glass Co., Ltd., Jiaxing FL New Energy Technology Co., Ltd., Anhui FL PV Materials Co., Ltd., Anhui FL PV Glass Co., Ltd. Nine wholly-owned holding companies including FL (Hong Kong) Co., Ltd., FL (Vietnam) Co., Ltd., and FL (Hong Kong) Investment Co., Ltd.
Through nearly 20 years of efforts, Follett has a total assets of about 6 billion yuan, and a large glass enterprise group integrating glass research and development, manufacturing and deep processing. It was listed on the main board of the Hong Kong Stock Exchange on November 26, 2015.
ZJFL's main products involve solar photovoltaic glass, high-quality float glass, engineering glass, and home glass, as well as the construction of solar photovoltaic power stations and quartzite mining, forming a relatively complete industrial chain.