Dajiang shares additional financing 380 million layout retail network

Suspension of 15 trading days of the Big River Shares (600695) 24th, the company announced that the price will be 5.27 yuan to 2 institutions non-public issue not more than 73,694,304 shares, the total amount of funds proposed to raise not more than 38,836 900,000 yuan, will be all to poultry meat food supply,　　Retail terminal network, supporting cold chain logistics system and research and development center, into the Yangtze River delta market.　　According to the announcement, Jian Yin International Medical Industry Equity Investment Co., Ltd. and the original major shareholder Shanghai Oasis Science and Technology Co., Ltd. to subscribe to the total amount of 50%, the former on the river shares additional items locked period of 36 months. Industry insiders believe that from the company's industry chain of interest distribution relationship, the middle and lower reaches of the supply and marketing channels, especially the retail channel is the core of profit; from the company's development, to increase market share, expand sales scale, must be close to the end of consumer demand, Dajiang shares this increase to the end of　　Aimed at improving the company's profitability and enhance the company's core competitiveness. The announcement said, this non-public offering raises the investment project the industrial chain upgrading project, will greatly enhance the company production ability and the cold chain logistics control force, enhances the company profit level, enhances the core competitiveness and so on the link to have the remarkable catalysis; at the same time, the "Big River Choose"　　Brand stores from 20 community stores to expand to 2 flagship stores and 500 community stores, into the surrounding markets such as Jiangsu and Zhejiang, for the company "to become the Yangtze River Delta region as the core of the new kitchen food provider" strategy to lay the foundation. The company said Dajiang shares will focus on food industry to do fine strong strategy has been clear, through this non-public offering, strengthen the chain of retail and logistics network construction and improvement, the company production and marketing integrated business chain pattern will be formed, the company's main food industry's competitive advantage will also be very prominent, The company has the confidence to allow investors to share the company's future development results. (Zhou Wentian)