Ternary shares set to raise 4 billion investment 1.5 billion build milk powder processing plant

Securities Times reporter Zhangyingying Ministry of milk Powder Enterprise merger and reorganization work plan near the introduction, domestic dairy enterprises frequently. A few days ago, ternary shares (600429) disclosed the non-public issue of stock plans, raise funds for the construction of the milk powder processing plant projects, the company's shares this recovery. The plan shows that ternary shares proposed to 6.53 yuan/share, to the first agricultural group, ping-yuan investment, Fosun created the number of non-public offerings not more than 613 million shares, raising capital of not more than 4 billion yuan, after deducting the issue fee, the company's Milk powder processing plant Project plan use to raise funds of 1.5 billion yuan, the remaining funds used to supplement the liquidity. The project award for the construction of an annual output of 50,000 tons of modern milk powder processing plant. The project construction content includes annual output of 50,000 tons milk powder production line, cheese, whey production line, pilot workshop and so on. Data show that ternary shares of the main business of dairy production and processing and sales, the main products include liquid milk series, milk powder and other dairy products. The company's current sales of liquid milk products accounted for a relatively high, 2010, 2011, 2012 and 2013 1 to September, the company's liquid milk sales revenue accounted for the main business income ratio of 86.01%, 81.08%, 81.72% and 80.47%, milk powder, The proportion of solid milk products such as cheese is still low. The ternary shares said that to increase the investment in infant formula milk business, and even would rather sacrifice liquid milk business to ensure the development of infant formula milk business. Industry insiders said, domestic liquid milk gross margin is basically only 10%, and milk powder gross margin can reach 70%, therefore, to liquid milk ternary in the background of the rise in raw material profit is low. The company plans to vigorously develop infant formula milk business on the basis of existing business and technology, said Yuan shares. The company will seize the opportunity of industry integration, through self-built, mergers and acquisitions and other ways to expand production scale, to achieve the company's leapfrog development. In the three Yuan shares February 10 announced the suspension of major matters, the industry has speculated that the suspension may involve mergers and acquisitions, but from the fixed increase in the plan, the three-dimensional choice is set to raise funds from the construction of milk powder Factory Road. In fact, in the coming introduction of the milk powder Enterprise merger and reorganization of the work plan, the prelude of Chinese milk Enterprises merger and reorganization has already been opened, and in this year's opening year reflects the trend of internationalization. A few days ago, Mengniu, bright two companies also announced that will introduce foreign investment, and overseas capital cooperation. At the same time, the merger and reorganization of domestic milk enterprises also carried out in full swing. At the end of last year, the co-sheng Yuan announced a $350 million purchase of 100% shares in the Changsha Battalion, which mainly manufactures infant formula. January 2014, Fei-HOK Dairy announced the full acquisition of its own pasture milk source advantage and the infant channel of the AI-times milk Industry, February 19, announced the holding of the dairy industry in the form of the initial intention to achieve strategic cooperation. Beime also announced that since February 8, the company has changed its name to "Belle-American Baby Food Co., Ltd.". It is widely believed that snapping up milk sources, promoting internationalization and speeding up mergers and acquisitions will be a big play in the dairy industry this year.