Let du Huaxi securities issue subscription right Luzhou old cellar focus on the main liquor industry

Luzhou Old Cellar board made two important decisions: to Luzhou Old cellar group to cross Huaxi Securities to expand the share of the purchase rights, and to the affiliated company Luzhou Wine Industry concentrated Development Zone Limited (holding shareholders Luzhou group wholly-owned companies) leasing land, housing, to build 100,000 tons of storage base project. Luzhou, said today issued a notice, Huaxi Securities this plan to increase the share of 400 million shares, the company can subscribe to 139.43 million shares, the capital needs 557.72 million yuan. But the company considers Huaxi Securities to increase the share of the subscription price of 4 yuan, has been higher than the company's acquisition cost of 3.30 yuan per share 21.21%. At the same time, the company is currently concentrating on the development of liquor industry, the need to invest more money, temporarily unable to participate in Huaxi securities increase capital expansion shares.　　Therefore, the Board of Trustees to consider the decision to extend the investment of Huaxi Securities to expand the shares to the Luzhou group to exercise, by the group to participate in the investment in the West China Securities increased capital expansion shares.　　Luzhou said the old cellar, such as the West China Securities increase and expansion of the stock scheme to implement, the company's shareholding will be reduced from 34.86% to 24.92%, but still the largest shareholder; and "by the Luzhou group to participate in the investment of western China Securities Capital expansion shares, is conducive to the harmonious development of stock companies and Huaxi securities."　　For the Luzhou wine industry concentrated Development Zone Limited leasing land, housing, to build 100,000 tons of storage base project decision, Luzhou said, the related transactions involving 312 acres of land, 66210 square meters of housing construction, land, housing rental period of 10, the total rent of 74 million yuan. Luzhou said that the construction of 100,000 tons of storage base project will solve the bottleneck of the development of the company, improve production capacity, enhance product competitiveness, conducive to the long-term development of the company. In addition, the use of Luzhou wine industry concentrated Development Zone Co., Ltd. to carry out land consolidation, housing construction work, the company to pay rental fees, can also moderately reduce costs, conducive to cost control.