Linda Silk announced some super raise funds use

Linda Silk today disclosed part of the super raise funds use Plan, the company raises funds 351 million yuan, the company plans to use 191.02 million yuan to return the bank loan, 68 million yuan for the permanent replenishment liquidity.　　From the previous disclosure of the use of funds for the Gem and SME board companies, repayment of bank loans or supplementary liquidity became the main direction of the fund, and most of the company's super raise funds did not "use foot." The company said that the current bank loans amounted to 191.02 million yuan, the loan interest expenditure of nearly 10 million yuan a year, the super raise funds to repay the bank loan will effectively reduce the financial expenses, directly improve the operating profit. Cocoon is one of the company's main raw materials, it is expected this year the Cocoon acquisition operating capital needs about 40.64 million yuan. With the international economic recovery, the company's operating scale than the previous year has a larger increase, after the calculation, the company's production and operation of liquidity to increase fabric, metal and other procurement funds of about 27.36 million yuan, so the company plans to use more than 68 million yuan to raise funds to replenish liquidity.