Proposed to issue a short margin of 400 million yuan

New agricultural Development (600359) announcement, the company intends to issue the principal in China not exceeding the company's net assets at the end of 2009 40% of short-term financing coupons.　　The company's net assets at the end of 2009 is about 1 billion yuan, so the company intends to issue a short coupon of about 400 million yuan. The issue of short-term financing coupons within one year, short-term financing coupons at the time of the market, the issue of the issuer of the national interbank market, the institutional investors do not issue to the public; This short-term financing voucher is mainly used to repay the bank loans and increase the liquidity required for production and operation.