First, citic heavy industries will increase its profits.
Citic heavy industries Co., Ltd. disclosed its plan to increase its holdings. Matters related to this non-public offering of shares have been reviewed and approved at the fifth meeting of the fifth board of directors and the fourth meeting of the fifth board of supervisors held on May 28th, 20021,and still need to be submitted to the shareholders' meeting of the company for consideration. This non-public offering is aimed at no more than 35 specific targets meeting the requirements of the CSRC and China, including CITIC Investment Holdings, a related party controlled by the controlling shareholder. The number of non-public offering shares shall not exceed 450 million shares (inclusive). For example, during the period from the resolution date of the board of directors to the issuance date, the company's shares change, such as share issuance, capitalization of capital reserve, equity incentive, share repurchase cancellation, etc. The upper limit of the number of non-public offering shares will be adjusted accordingly.
Second, the history of citic heavy industries Machinery Co., Ltd.
Citic heavy industries Machinery Co., Ltd. is one of the key construction projects during the First Five-Year Plan 156. Qian Weichang, a famous physicist, was a technical consultant of the company. In order to explore overseas markets, citic heavy industries has invested in branches in many countries. Citic heavy industries Machinery Co., Ltd. formally established citic heavy industries Machinery Co., Ltd. in June 2008. After more than 50 years of construction and development, the company has become the largest manufacturer of mining machinery and cement equipment in China and one of the largest heavy machinery manufacturers in China. Enterprises identified by the state as export bases of mechanical and electrical products are granted the right to operate foreign trade and foreign economic cooperation.
As can be seen from the above, citic heavy industries Machinery Co., Ltd. is a key construction project. Citic heavy industries has invested in many branches for development. At present, citic heavy industries's stock market is rising most of the time, and many investors have invested a lot of money in citic heavy industries's stock market.