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Announcement in Respect of Replacing Investment through Self-financing in Projec

2011-11-1522187次
Stock Codes: 600801, 900933  Stock Abbreviations: Huaxin Cement, Huaxin B Share  Ref: Lin 2011-026
 
Huaxin Cement Co., Ltd.
Announcement in Respect of Replacing Investment through Self-financing in Projects of Funds Raised from A-share Private Placement with the Raise Funds
 
To the best of our knowledge, the Board of Directors of the Company and its members confirm that there is no material false or misleading statement or material omission in this announcement and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its content.
 
I. Basic information of the funds raised from the A share private placement
 
Approved by the document of China Securities Regulatory Commission (Jian Zheng Xu Ke [2011] No. 1299), Huaxin Cement Co., Ltd. (hereinafter referred to as the “Company”) issued 128,099.9 thousand RMB ordinary shares (A share) with par value of 1 Yuan/share (issuing price was 14.01 Yuan/share) on October 31, 2011.  According to the Capital Verification Report on the A share private placement (PricewaterhouseCoopers Zhong Tian Yan Zi (2011) No. 323) issued by PricewaterhouseCoopers Zhong Tian CPAs Co., Ltd., total amount of funds raised from the private placement was 1,794,679,991 Yuan, net amount of the raised funds was 1,742,887,551 Yuan (deducting the underwriting fee and other transaction costs 51,792,440 Yuan).
 
II. Commitments on injection of the funds raised from the A share private placement
 
Investment projects of this A-share private placement include: 719.87 million Yuan investment in 15 Waste Heat Power Generation (WHPG) projects, 455.81 million Yuan investment in 25 RMX plants, 159 million Yuan investment in 1 AGG production line and 460 million Yuan in repayment of the Company’s loans.  The Company shall invest in the projects through self-financing according to the actual status of the projects progress before receiving the raised funds and then replace it after the raised funds were received.
 
III. Situation that the Company pre-invested in the projects through self-financing
 
To ensure that the investment projects of fund raised from private placement can run smoothly, before the raised funds is in place, the Company pre-invested in the above projects through self-financing.  According to "Report of Huaxin Cement Co., Ltd. on Investment through Self-financing in Projects of Funds Raised from A-share Private Placement and Authentication Report" (PricewaterhouseCoopers Zhong Tian Te Shen Zi (2011) No. 980) issued by PricewaterhouseCoopers Zhong Tian CPAs Co., Ltd., as of September 30, 2011, details of Huaxin Cement’s pre-investment through self-financing are as follows:
Unit: ‘0000 Yuan
No.
Project name
Total investment
Total used raised funds
Used self-raised funds
(as at Sep 30, 2011)
Replacement amount
1
Xiangfan WHPG
5,071.47
1,300.00
4,883.60
1,300.00
2
Xianning WHPG
5,084.06
3,000.00
5,800.52
3,000.00
3
Tibet WHPG
6,000.00
4,801.00
5,688.29
4,801.00
4
Quxian WHPG
5,010.00
4,206.00
5,039.26
4,206.00
5
Wanyuan WHPG
5,197.60
5,100.00
3,605.29
3,605.29
6
Fulin WHPG
5,858.54
5,126.00
4,962.36
4,962.36
7
Zhuzhou WHPG
6,572.00
6,030.00
5,055.81
5,055.81
8
Zigui WHPG
4,985.30
4,606.00
5,237.47
4,606.00
9
Chenzhou WHPG
6,572.00
6,082.00
4,889.59
4,889.59
10
Dongchuan WHPG
3,589.95
3,500.00
2,321.42
2,321.42
11
Daoxian WHPG
5,620.00
5,600.00
4,096.00
4,096.00
12
Huangshi WHPG
9,055.81
8,934.00
7,933.40
7,933.40
13
Yichang WHPG
6,352.08
5,702.00
7,099.62
5,702.00
14
Enshi WHPG
2,489.28
2,400.00
2,548.21
2,400.00
15
Zhaotong WHPG
5,615.00
5,600.00
4,115.41
4,115.41
Total WHPG
83,073.09
71,987.00
73,276.26
62,994.29
1
Yangxin RMX
2,318.00
1,561.00
709.54
709.54
2
Huanggang RMX
2,318.00
1,675.00
727.09
727.09
3
Daye RMX
2,318.00
1,536.00
924.71
924.71
4
Dongchuan RMX
2,198.00
1,669.00
281.23
281.23
5
Wanyuan RMX
2,000.00
1,493.00
693.01
693.01
6
Fulin RMX
2,318.00
1,815.00
47.62
 0.00
7
Xinyang RMX
2,000.00
1,539.00
890.21
890.21
8
Yichang RMX
2,468.00
2,066.00
14.29
14.29
9
Chibi RMX
2,318.00
1,824.00
96.78
96.78
10
E’zhou RMX
2,318.00
1,826.00
796.59
796.59
1