Shangchai Co., Ltd. plans to issue additional diesel construction project to buy its own shares

Shanghai Diesel shares before the announcement, part of the company directors, supervisors and senior management of the company are its own funds holdings of A shares in recent days, a total of 80,000 shares, the transaction price range of 13.40 to 13.49 yuan / share.

The company's participation in the holdings of the company includes seven general managers including the General Manager, the Chief Financial Officer and the Board of Directors. Their reason is based on their confidence in the company's future development prospects.

Since Shanghai Diesel Engine Co., Ltd. was acquired by Shanghai Automotive Group Co., Ltd. in 2008, the integration effect has taken shape. The product structure of the company has been continuously adjusted and changed, and the proportion of automotive engine products has gradually increased, forming a new development with traditional products such as the original construction machinery engine. As for the pattern, the company has recently released a pre-addition announcement that predicts that the 2011 net profit attributable to shareholders of listed companies will increase by 40% to 60% year-on-year.

It is reported that Shangchai Co., Ltd. will implement a non-public offering in the near future and plans to be no less than 13.46 yuan per share. To 10 institutional investors including major shareholder Shanghai Automotive, no more than 75 million shares will be issued in private, and the fundraising should not exceed 1 billion yuan. Yuan, for the construction of heavy-duty vehicle diesel engines , medium-light diesel engines, and development and manufacture of light-duty diesel engines.