Royal Bank shares additional financing 500 million build 8000 ATM

Source: Internet
Author: User
Every reporter Ma Shua Royal Bank shares (002177, closing price of 16.41 yuan) today, the announcement said, to be no less than 14.45 yuan/share of the value of the targeted distribution of no more than 50 million shares, not less than 20 million shares,  It is expected that the amount of funds raised is no more than 495 million yuan, which is used to build the network of 8000 cooperative ATM operations and enhance the company's competitive power in ATM operations. The announcement said that the proposed investment construction period of the project is two years. After the completion of the project, its stable profit period is expected to achieve annual sales income of 259 million yuan, the total annual profit of 117 million yuan.  According to the income tax rate of 15%, the internal income rate is 20.58% after tax, and the payback period of after-tax investment (including construction period) is 4.65 years. By the end of last year, China had only 160,000 ATM, and the number of bank cards reached 1.8 billion, The average ATM needs to deal with about 11300 bank card transaction requirements, even if the 1.8 billion card to eliminate a considerable part of the dormant card, for the current China's credit card, the number of ATM devices in our market is still too small.  And from the geographical distribution, China's ATM is still mainly concentrated in Beijing, Shanghai, Sui and other major cities, in other provincial capitals, small and medium-sized cities and rural areas, the use of ATM and the rate of distribution is still very low.  With the increase of farmers ' income and the construction of rural urbanization, the village bank will be set up in China, the financial service market will be opened, and the financial services terminals, including ATM, will usher in another peak of growth. Forecasts suggest that China's ATM market will keep double-digit growth from 2008-2013.  Royal Bank shares are expected to complete the first half of this year, the accumulation of 7406 units of the distribution plan, its size and number of places in the domestic leading position.  As at the end of 2008, the bank shares accumulated cooperative operation ATM number of 5281 units, has become the largest ATM operators in China, the company's ATM holdings in ICBC, Agricultural Bank, Bank of China, Construction Bank, Bank of Communications and Postal Savings Bank after the seventh place in the country. Through the implementation of this project, the Royal Bank shares in the two-year period, in the Pearl River Delta region, the Yangtze River delta area, the Bohai Rim region and other economically developed areas of the new 8000 units to operate ATM, in the nationwide expansion of ATM operating network.  After the investment project is completed, the company will operate more than 15,000 ATM holdings. Data show that the Royal Bank of the shares is the equipment and related systems software development, manufacturing, sales and banking institutions to provide ATM operations services for the main business of enterprises, the company currently ATM production capacity and sales scale in the domestic ATM manufacturers ranked second.  In the domestic ATM operating services in the first, is the domestic "ATM cooperative operation Model" of the pioneer and the operation of the service industry leading enterprises.  Reproduced in the media, excerpts of the works published in this newspaper, please indicate from the "daily economic news" and the author's name. Per subscribe telephone Beijing:010-65072776 Shanghai: 021-61213899 shenzhen: 0755-33203568成: 028-86516389 028-86740011

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