• Category： Industry News
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• Release time：2018-09-12 01:51
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【Summary】 Yesterday, Runong Water Conservation (830964), a listed company on the New Third Board, issued an announcement stating that its 148 million yuan private placement, which lasted for six months, was terminated on January 4th. It is understood that Runong Water Conservation established a plan at the beginning of the year to submit IPO materials after the completion of the private placement. As of January 5th, the number of shareholders of Runong Water Conservation reached 486, and the plan led to the termination of the issuance. Runong Water Conservation stated that the termination of this stock issuance will not affect the normal operation of the company. It is reported that in June 2016, Runong Water Conservation released a stock issuance announcement, planning to issue no more than 18 million shares (including 18 million shares), with an issue price of 7.6 to 8.2 yuan per share. It is expected that the total amount of funds raised will be no more than 148 million yuan (including 148 million yuan). Runong Water Conservation stated that the funds raised this time will be used to expand the production capacity of the headquarters, supplement the company's working capital, build factories outside the region, and increase R&D investment, thereby further supporting the further development of the company's main business. Runong Water Saving focuses on the water-saving irrigation industry, dedicated to the research and development, manufacturing and sales of water-saving irrigation materials and equipment, as well as providing services ranging from water-saving irrigation materials and equipment to engineering design, construction, installation, commissioning and support for water-saving irrigation projects. In the first half of 2016, Runong Water Conservation's operating income was 165 million yuan, compared with 70.51% of the same period of the previous year. The net profit was 21.384 million yuan, representing 58.22% of the same period of the previous year.