Rongsheng petrochemical (002493) today's online purchase, the company issued 56 million shares of A shares, accounting for 10.07% of the total share capital issued, the issue price of 53.80 yuan / share. Among them, the online circulation is 44 million 800 thousand shares, which is 80% of the total circulation.

Rongsheng Petrochemical is located in the advantage of polyester industrial cluster. Xiaoshan, Zhejiang Mainly engaged in polyester fiber and PTA The production and operation has gradually formed a complete industrial chain of petrochemical, polyester, spinning and firing integrated production. The company is one of the most important suppliers of polyester yarn in China. It has 600 thousand tons of polyester plant and 1 million 200 thousand tons of PTA capacity (1 million 500 thousand tons of actual capacity). It is the sixth largest polyester polyester manufacturer in China.

The company raised funds to invest in Yanda Shenghua annual output of 1 million 200 thousand tons PTA project and Shengyuan chemical fiber annual output of 100 thousand tons of environmental health and multifunctional fiber technology transformation project. Among them, the PTA project was put into operation in April 2009, because at that time, when the domestic PTA industry was booming, the investment projects fully enjoyed the opportunities brought by the industry boom and achieved good results. In 2009 and 2010 the first half of the year was 589 million yuan and 565 million yuan respectively, and the environmental health and multifunctional fiber technology transformation project was expected to be completed by the end of 2011.