On March 4, 2014, Dalian Rubber & Plastics Machinery Co., Ltd. recently released the "Announcement of the Issuance of Non-Public Issuance of Shares and Changes in the Share Capital." According to the "Announcement," the non-public issuance of stocks totaled nearly 300 million yuan, of which 220 million yuan was for the construction of the company's subsidiary Changxing Island's subsidiary and the rest was used as liquidity.
In 2007, Great Rubber and Plastics Co., Ltd. began to implement the relocation and transformation work. In order to ensure the smooth completion of the relocation and transformation work, especially the smooth construction of the Changxing Island plant, the company raised nearly RMB 300 million in 2011 through a private placement of major shareholders, which greatly eased the company’s financial pressure. With the continuous development of the Changxing Island plant area and the continuous expansion of the size of the company's business, the company's liquidity demand is also increasing.
In order to meet the capital needs, improve the capital structure, and improve the quality of operations, after summarizing the successful experience of private placement and fund raising in 2011, Dazhou Rubber and Plastic Corporation once again conducted equity financing through the capital market. In January 2013, Great Rubber and Plastics Co., Ltd. launched its first financing to social investors in the 12 years since its listing.
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