Luonishan to invest 162 million yuan in foreign investment

Luonishan (000735) March 9 Evening announcement, the company to the outskirts of the association to subscribe to 51.55 million shares, the price per share of 1.6 yuan, the corresponding amount of capital contribution of 82.48 million yuan. After the completion of the increase, the company will hold 101.55 million shares of suburban cooperatives, accounting for its capital increase after the total 10%.　　The announcement also shows that the company to Wenchang and other 14 of the total amount of additional investment is not more than 80 million yuan.　　The company uses its own funds to the outskirts of the Union and Wenchang 14 of the association's additional investment not more than 162 million yuan, to a certain extent, improve the company's industrial structure, open up new profit growth point, in line with the company's strategic investment planning and long-term interests. Responsible Editor: NF054