Jiangnan Red Arrow acquires Zhongnan Diamonds to enter the superhard materials industry

The Jiangnan Red Arrow resumption of trading for more than two months was a "one word" daily limit, reported at 11.30 yuan. On the same day, the company announced the detailed plan for the acquisition of Zhongnan Diamonds and began to enter the first camp of the synthetic diamond industry. Jiangnan Red Arrow intends to issue shares to buy China Ordnance Industry Group, Yuxi Industrial Group, Shanghai Xunbang Investment, Beijing Jinwanzhong Technology and 100% equity of Zhongnan Diamond held by 5 natural persons; the company is not open to more than 10 specific investors Issue stocks to raise matching funds. The issue price is 9.68 yuan / share. The estimated value of 100% equity of Zhongnan Diamond is about 4 billion yuan. The number of shares issued by Jiangnan Hongjian this time is about 413 million shares. After the completion of the transaction, the company's main business will also include the development, production and sales of super-hard materials. The main products include super-hard materials such as synthetic diamond and cubic boron nitride.

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