Large shareholder to raise baby bunny integrate upstream resources

Before the Baby Bunny (002043, the former closing price of 11.21 Yuan), the asset injection scheme was finally sorted out.　　With the previous market speculation of the company's major shareholder de Wah Group will Teckwah venture, Tak Wah Real estate Two companies into the listed companies, so that the baby rabbit into a German-Chinese financial integration platform is different, the baby bunny targeted to raise funds will be mainly used for the expansion of the company's main business, especially the acquisition of the German-Chinese group held upstream strategic forestry resources. Major shareholder subscribe for more than 20% baby Bunny last night (November 30) announced the announcement, the baby bunny to no more than 10 specific objects to issue about 53 million shares, the additional price is not less than 8.93 yuan/share, raise capital of about 470 million yuan. The baby Bunny has been the largest shareholder of the group to join, the latter is to subscribe to cash no less than 20% of the number of shares issued, not more than 35.52% of the shares issued shares.　　According to the issue quantity limit of 53 million shares and the German-Chinese group proposed to subscribe the lower limit of 20% calculation, after the release, the German-Chinese group holds the share of Baby bunny not less than 32.03%, still the company's largest shareholder. It is reported that the additional funds raised by the baby bunny 199 million yuan will be used to expand upstream forestry resources, that is, the acquisition of Dexing Wizard Forest Co., Ltd. (hereinafter referred to as the Green forest) 100% Equity　　179 million yuan is used to upgrade the marketing network and construction of regional Logistics distribution center, the remaining about 74.9 million yuan for the company's marketing general project construction. Integration of upstream forestry and marketing network for the asset injection of the German-Chinese group, the market has long been rumored, but from the issuance plan, the German-Chinese group does not appear to be a financial integration platform for the willingness of the baby. The injected assets are the forest resources of the upper reaches of the rabbit's industrial chain, and the Green Forest Farm is the wholly-owned subsidiary of Zhejiang Tak Hua Forestry Technology Co., Ltd., which is the 100% holdings of the German-Chinese group, which sold logs to Baby bunnies in 2010 1 ~ September, with a transaction amount of 2.28 million yuan　　The acquisition of a stake in the Green Forest Farm, is expected to further realize the "Forest board integration" of the resource integration, to ensure that the baby rabbit to obtain a stable, continuous supply of raw materials. In the upstream expansion of the same time, the Baby Bunny also tried to speed up the expansion of marketing channel construction. Data show that since 2005, the Baby Bunny Store network construction, as at the end of November 2010, the company has opened more than 500 stores nationwide. Rabbit plans to raise funds to add 600 new stores, set up a direct experience center shop. After the completion of the project, the number of stores nationwide will reach 1100. At the same time, the company will be in Wuhan, Chengdu, Linyi, Changsha, Shijiazhuang, Xi ' an, Shenyang and other cities to create 7 regional logistics distribution centers to assist the brand franchise store expansion.