Rising colored raising 520 million purchase major shareholder of rare earth and tungsten ore assets

Rising colored August 29 evening announced non- public offering plan , does not exceed 520 million fund-raising , the integration of major shareholders and its rare earth tungsten ore assets to strengthen its dominant position in the rare earth industry to improve profitability and to resolve intra-industry competition problem .

Specific program for the issuance , colored Rising Rising to the controlling shareholder of the company , including not more than 10 , including a specific object , non-public offering of not more than 1435.2746 million shares , of which 30% of Rising Company subscribed . Issue price of not less than 36.23 yuan / share.

Rising colored the fund-raising total amount not more than 520 million yuan , net of issuance costs for the acquisition of all of Deqing prosperous 88% of the shares , the acquisition of 44.5% stake in Golden Harvest Qingyuan acquisition Yaoling Mining 61.464% of the shares, the acquisition of non-ferrous Hongling Mining Group is owned by the actual use of the fixed assets and repayment of bank borrowings. Among them, Deqing prosperous full name " Dechen prosperous Rare Earth New Materials Co., Ltd" , 2012 operating income of 366 million yuan , net profit of 17.5222 million yuan . Qingyuan Jiahe full name " Golden Harvest Rare Ltd. Qingyuan City ," 2012 annual operating income of 174 million yuan , net profit of 15.1767 million yuan . Rising colored acquisition of 44.5% stake in Golden Harvest Qingyuan , will directly hold 75% equity interest in Qingyuan Golden Harvest . Yao Ridge Mining full name of " Guangdong Shaoguan Yaoling Mining Ltd." , the main tungsten ore mining, processing , and marketing , with Guangdong Shaoguan Yaoling tungsten tungsten ore exploration rights around the mine , as well as a mining right . 2012 operating income of 52.5425 million yuan , net profit of 9,105,200 yuan . Rising colored colored Yaoling Mining acquired 61.464% of the shares , will hold a 100 % stake.

Rising colored said the acquisition Deqing prosperous , Qingyuan Golden Harvest and other rare earth separating enterprises , will effectively improve the company's rare earth smelting and separation capacity , enhance the company's dominance in the rare earth industry . In addition, restructuring and listing Rising colored and controlling shareholder of the Rising Nonferrous Metals Group changed the company, the former controlling shareholder of Guangdong Rising Nonferrous Metals Group and companies to avoid competition issues has made a written commitment . The acquisition Deqing prosperous and Qingyuan Golden Harvest stake , but also help eliminate the Company and the controlling shareholder and related parties compete among peers to fulfill previous commitments.

The tungsten is extremely scarce resources, the company acquisition Yaoling Mining options to enhance the company right away Ridge Mining control, by increasing shareholders' equity grew to enjoy more of tungsten industry the benefits .

In addition , non-ferrous mining group have been actually used Hongling fixed assets as of June 30, 2013 the net book value of 62.89 million yuan . The acquisition of the fixed assets, can enhance the independence of listed companies , to ensure normal production and operation integrity of the assets necessary to reduce dependence on related parties to avoid problems arising asset ownership and occupancy related business risks that may arise party assets related party transactions.


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