ST Ganhua's private placement is undergoing environmental verification, which uncovers the internal cause of the company's discontinuation.
The Guangdong Provincial Environmental Protection Department recently publicized the ST Ganhua refinancing environmental protection verification. The publicity date is from January 8 to 17. The scope of environmental protection verification is ST Ganhua and its three subsidiaries, including Guangdong Jiangmen Biotechnology Development Center Co., Ltd., Jiangmen North Street (Joint) Power Plant, and Guangdong Deli Photoelectric Co., Ltd. October 1, 2008 to September 30, 2011.
According to the monitoring results of wastewater, waste gas and odor by Guangdong Environmental Monitoring Center, Jiangmen Environmental Monitoring Center Station and Guangzhou Analytical Testing Center, ST Ganhua Headquarters has repeatedly exceeded many targets in the past three years. In March 2011, ST Ganhua headquarters was included in the transformation of the old city. On November 26, 2011, ST Ganhua headquarters stopped running. The Jiangmen Environmental Protection Bureau proved that during the verification period, there was no major environmental pollution incident in the ST Ganhua headquarters. Due to the discharge of waste water and excessive emissions, the complaints were lodged by the people. The ST Ganhua headquarters stopped operating, and the complaints and excessive emissions were solved fundamentally. Jiangmen City Environmental Protection Bureau issued a certificate that the total discharge of major pollutants in ST Ganhua Headquarters, Biological Center and Beijie Power Plant meets the requirements. Verification of other environmental issues is normal.
On December 8, 2011, ST Ganhua announced the suspension of production, saying that the assets of the suspension were mainly pulp paper, and the operating income involved accounted for 74% of the company's main business income in the first three quarters of 2011. However, due to the rising cost of raw materials, the company's pulp and paper business suffered losses in successive years. After the production is discontinued, the company is expected to reduce losses. The main business was discontinued, making the company more dependent on LED projects in the future.
ST Ganhua issued a private placement plan in February last year, and plans to issue 120 million shares to Delixi Group at 6.78 yuan/share. The funds raised are intended for LED epitaxial wafer production and yeast bioengineering technology expansion and expansion projects.
The Guangdong Provincial Environmental Protection Department recently publicized the ST Ganhua refinancing environmental protection verification. The publicity date is from January 8 to 17. The scope of environmental protection verification is ST Ganhua and its three subsidiaries, including Guangdong Jiangmen Biotechnology Development Center Co., Ltd., Jiangmen North Street (Joint) Power Plant, and Guangdong Deli Photoelectric Co., Ltd. October 1, 2008 to September 30, 2011.
According to the monitoring results of wastewater, waste gas and odor by Guangdong Environmental Monitoring Center, Jiangmen Environmental Monitoring Center Station and Guangzhou Analytical Testing Center, ST Ganhua Headquarters has repeatedly exceeded many targets in the past three years. In March 2011, ST Ganhua headquarters was included in the transformation of the old city. On November 26, 2011, ST Ganhua headquarters stopped running. The Jiangmen Environmental Protection Bureau proved that during the verification period, there was no major environmental pollution incident in the ST Ganhua headquarters. Due to the discharge of waste water and excessive emissions, the complaints were lodged by the people. The ST Ganhua headquarters stopped operating, and the complaints and excessive emissions were solved fundamentally. Jiangmen City Environmental Protection Bureau issued a certificate that the total discharge of major pollutants in ST Ganhua Headquarters, Biological Center and Beijie Power Plant meets the requirements. Verification of other environmental issues is normal.
On December 8, 2011, ST Ganhua announced the suspension of production, saying that the assets of the suspension were mainly pulp paper, and the operating income involved accounted for 74% of the company's main business income in the first three quarters of 2011. However, due to the rising cost of raw materials, the company's pulp and paper business suffered losses in successive years. After the production is discontinued, the company is expected to reduce losses. The main business was discontinued, making the company more dependent on LED projects in the future.
ST Ganhua issued a private placement plan in February last year, and plans to issue 120 million shares to Delixi Group at 6.78 yuan/share. The funds raised are intended for LED epitaxial wafer production and yeast bioengineering technology expansion and expansion projects.
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