Big single in the hands of the bag shy long joint development of additional emergency

A week after the suspension, the development of the Long Union (002037, the former closing price of 21.28 yuan) involving 650 million yuan of additional plans finally broken cocoon. Interestingly, at the same time as the plan disclosed, the company announced two major projects, and the company through the issuance of funds to raise most of the money is precisely the input of these two projects.　　Industry insiders said, perhaps it is the reason for the shyness, holding major projects, companies choose to raise funds to solve the "urgent". The issuance of additional programs rushed out with some other prone to brewing a few months of additional programs, the development of this one of the rapid expansion of the scheme is a lot faster, December 2 announced the planning of non-public issues of shares, and promised to disclose the relevant announcements not later than December 9.　　Can be seen from the actual situation, "Non-public offering plan" today (December 8) has been ahead of the market. Long-Union development in the announcement that the company intends to be no less than 17.65 yuan/share price, to not more than 10 specific investors issued no more than 37 million shares, to raise no more than 653.05 million yuan (the net amount of funds raised not more than 613 million yuan).　　This part of the money raised, will be used to Zunyi new railway station area flood Taiwan earthwork flat field Project BT Project (hereinafter referred to as Flood Taiwan project) and Zunyi new railway station area New South Avenue Road Engineering BT Project (hereinafter referred to as the New South Avenue project) and so on 5, total investment for 1.073 billion Yuan project.　　Long-Union development, said the release completed, the company's blasting business scale will be further expanded, the civil explosion product structure is further optimized, production technology and safety level further improve, the company's capital strength will be significantly enhanced, the core competitiveness of the overall promotion, in line with the long-term development needs of the company and the fundamental interests Just signed 960 million yuan big contract need investors to note that the development in the disclosure of "Non-public offering plan" at the same time, also disclosed two major contracts. Announced that the company's wholly-owned subsidiary of Guizhou New Blasting Engineering Co., Ltd. (hereinafter referred to as the new joint demolition) on December 3 with the development of Zunyi New Area investment signed the "new railway station Zunyi South Avenue Project (Flood Taiwan earthwork flat field project)" BT Mode investment construction contract and "　　Zunyi New railway station piece area New South Avenue Road project BT Mode investment construction contract, the contract amount is 690 million yuan and 270 million yuan respectively, total 960 million yuan. Careful investors are not hard to find, the two new joint blasting just signed the project contract, it is the development of the joint expansion of the proposed scheme in the main use of fund-raising projects.　　Among the 613 million-yuan funds raised by the additional shares, 500 million yuan is invested in the above two projects, while the other three projects total utilization of funds is only 113 million yuan. Insiders speculate that for 2009 annual income of 1.166 billion yuan long joint development, to obtain a contract of 960 million yuan is definitely a good news, but the huge project operation funds have become a big problem (as of September 30, the company's monetary funds for 295 million yuan). BecauseIn this regard, the company adopted the way to raise funds through additional issues to solve the financial problems. However, it should be noted that the issuance process may encounter a variety of uncertainties, if not successfully raise funds, the development of the joint may face a certain amount of funding test.