KOMISJA NADZORU FINANSOWEGO
Raport bieżący nr4/2013
Data sporządzenia: 2013-10-08
Skrócona nazwa emitenta
PEIXIN
Temat
Investment Plan Update
Podstawa prawna
Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
Treść raportu:
The Management Board /"the Management"/ of PEIXIN International Group N.V. /"the Company"/ ensuring transparency and high quality of communications hereby informs about the update of investment plan included in the IPO Prospectus approved, passported and published on 17th September 2013. Considering the level of IPO proceeds and other available sources of funding as well as expected growth in working capital due to the development of the Company’s operations the Management decided today about establishing investment priorities. As stated in the prospectus by the end of 2013 the Management intends to complete the first phase of investment plan involving purchase of new equipment and conducting adaptation works in the workshop building. The total value of the first phase of investment plan remains in accordance with the prospectus and is expected to be financed mainly from retained earnings. According to the Management’s belief completion of the first phase of investment plan will translate to the production capacity increase by up to 50% and will allow in the medium term to at least maintain Company’s pace of grow enabling keeping up with growing domestic demand and planned foreign expansion, as stated in the Company’s strategy. Upon completion of the first phase the Company will commence the second phase involving i.a. purchase of land reserved for construction of the new plant. Due to the fact that IPO proceeds are lower than expected the completion of second phase is much more reliant on other forms of financing. The Management considers using various funds sources, including conservative increase of financial leverage, new equity financing and retained earnings to the extent allowing dividend pay-out disclosed in the Prospectus. The Company will thoroughly analyze and resolve upon determining forms of financing of the second phase of investment, as well as potential updating of its schedule and value. The Company will duly inform investors about further decisions regarding conducting of investment plan.
MESSAGE (ENGLISH VERSION)
PEIXIN INTERNATIONAL GROUP N.V.
(pełna nazwa emitenta)
PEIXINElektromaszynowy (ele)
(skrócona nazwa emitenta)(sektor wg. klasyfikacji GPW w W-wie)
1097 JBAmsterdam
(kod pocztowy)(miejscowość)
Prins Bernhardplein200
(ulica)(numer)
0086 - 0595 - 224588880086 - 0595 - 22456781
(telefon)(fax)
[email protected]www.peixin.com
(e-mail)(www)
85296698258288449
(NIP)(REGON)
PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
DataImię i NazwiskoStanowisko/FunkcjaPodpis
2013-10-08Hongyan DaiMember of Management BoardHongyan Dai
2013-10-08Kaida XieMember of Management BoardKaida Xie