Merlin, Shanghai: Announcement reviews

Event: Shanghai Merlin intends to offer private shares to no more than 10 specific investors. Among them, the great light will subscribe to the number of private shares of 20%.　　The issue quantity does not exceed 134.2 million shares, the issue price is not less than 11.55 yuan/share. Pure Light Analysis: 1, raise funds for the Shanghai Yimin Food Factory (Group) Co., Ltd. to acquire its holdings in Shanghai is Canton and Online Shopping Co., Ltd. 56.5% stake in Shanghai, a Tripod Food Co., Ltd. 55.75%, Shanghai Food Import and Export Co., Ltd. 100% Equity,　　To the Shanghai farming Investment company to acquire its 100% stake in Shanghai SNF Meat Food Co., Ltd., to the Guanshengyuan group to buy all of its food business operating assets and to supplement the Merlin liquidity, the use of this purpose is to be put into raising funds of about 1.55 billion yuan. 2, the acquisition of assets in love sen pork and Guanshengyuan profitability outstanding, high visibility, market stability.　　The Non-public offering aims to promote the overall listing of the main business of the snack food group, and to enhance Merlin's profitability, Merlin has become the market platform for the leisure food assets of the great bright.　　3, the big bright assets integration basic formation, Jinfeng liquor for liquor asset financing platform; Bright Dairy is the financing platform for dairy assets; Shanghai Meilin is a financing platform for leisure food assets. 4, after the completion of the Non-public offering, Shanghai Meilin Total share capital 490.6 million shares, is expected to 2010 earnings per share of 0.15 yuan, the performance of listed companies has been greatly improved. Suspension of the stock price of 13.02 yuan, has fully reflected the company's asset injection expectations, operating recommendations in the opening of the process, choose high reduction.