Gold mantis to raise 1.8 billion yuan to increase production capacity

NetEase Financial December 23 News Gold Mantis Night notice, the company intends to 62.06 yuan/share price directed additional 29 million shares. The issuance of the total amount of funds not exceeding 1.8 billion yuan, after deducting the issue fee, put into the following eight projects: After the collection of funds in place, the golden Mantis to the building decoration wood products factory production projects, building decoration stone factory production projects. After the implementation of the above two projects, can enhance the company parts of the factory production level and the ability to support themselves, to protect the period, is conducive to further enhance the gold Mantis decoration project quality, while better meet the star hotel interior decoration and other high-end markets.　　By upgrading the parts of the part of the self supporting production to the upstream industrial chain extension, is conducive to strengthening the company's core competitiveness, expand the company's business profit space, improve the overall profitability. In recent years, the Golden Mantis curtain wall Business Rapid development, 2009 to achieve operating income of 480 million yuan, is expected to reach 2010 full year 650 million yuan, compared to 2009 growth of 35.42%. After the implementation of the project, curtain wall and door and window capacity will be further expanded, curtain wall and door and window products will be further to energy-saving, environmental protection upgrades.　　Through the upgrading of existing capacity, will further promote the company's curtain wall and door and window business continued rapid growth. The gold Mantis intends to use this raise funds to acquire 40% of the equity and increase capital of the United States red, Gold Mantis landscape, Gold Mantis House, expand the company in public building decoration, the overall housing decoration and landscape garden Business scale, enhance the project to undertake the gold mantis ability,　　Improve the gold mantis in the overall architectural decoration industry in all areas of the market share, enhance the company's continued growth of profitability and risk-resistant ability to further enhance and consolidate the gold Mantis's industry dominance. Gold Mantis has maintained rapid growth in recent years, 2009 year operating income growth of 23.04%, 2010 1-September revenue year-on-year growth of 52.93%, is expected to continue to maintain a rapid growth in the company's marketing network and operational management to put forward higher requirements, therefore,　　This fund-raising investment marketing network and engineering Construction Management Operation Center construction will lay a solid foundation for the future development of the company. The Gold Mantis stock will open on December 24, 2010.