Lianyungang launches fundraising scheme major shareholder subscribe 48.81%

In the context of increasing cargo throughput, Lianyungang (601008) decided to raise additional funds to build a logistics site to solve the problem of relatively insufficient capacity of the yard.　　This has won the strong support of its major shareholder. Lianyungang today announced the issuance of additional plans to show that, including the holding shareholder Lianyungang Port Group Co., Ltd. and not more than 10 specific objects in the Non-public offering of a shares, Lianyungang Port Group Co., Ltd. pledged to cash in accordance with the other issue of the same subscription price, subscribe to the total number of shares issued 48.81%.　　The number of Non-public offering shares does not exceed 120 million shares, this non-public offering share price is not less than 5.32 yuan/share. It is reported that the non-public offering of shares to raise funds to invest in the company market Ditch East Operation Area Logistics Station project, Lianyungang Port Market ditch East Operation Area Logistics station investment of 554 million.　　According to the Lianyungang Port Design Research Institute Limited, "Lianyungang Port Market ditch East Operation Area Logistics Station Project Feasibility Study Report", Lianyungang Port Market ditch East Operation Area Logistics Station Project after-tax financial internal rate of return is 10.16%. Lianyungang said that with the increasing throughput of port cargo, the contradiction between the company's yard capacity and the relative shortage is highlighted.　　A large number of goods transition not only lead to a substantial increase in the cost of stockpiling, reduce the company's profitability, but also adversely affect the company's production and operation activities, which restricts the future sustainable development of the company, investment in the construction of Lianyungang Port Hui Ditch East Operation Area Logistics site project has a realistic and long-term significance. Bulletin shows that the project is to build a new 368,000 square meters yard area, design capacity of 10 million tons/year, after the completion of the project can be expected to reduce the number of outward transition volume of about 5.3 million tons/year, effectively alleviate the company's lack of space storage capacity of the contradictions, increase the company's capacity for railway loading and unloading,　　At the same time, the formation of Deepwater Pier shore line of about 900 meters, the future can build 3 100,000 ton berth, expanding the company's strategic development space. In January 2010, the government of Jiangsu Province in 2010 made it clear that "the power of the province to promote coastal development", give full play to Lianyungang port in the coastal development of the leading role, strengthen the coastal area to the port group as the focus of integrated transport hub and network construction. Lianyungang said, Lianyungang Port has become the national, provincial and municipal government key planning and construction of the port, the company as the core port enterprises in Lianyungang, will get greater business development space and profit space.