San Nong wants to raise 1.5 billion chicken farms

Saint-Agriculture development (002299.　　SZ) today announced that the Non-public offering of shares raised 1.5 billion yuan to build chicken farms and feed plants, the issue of stock prices of not less than 29.23 yuan/share, is expected to increase broiler production capacity will be one-fold. The annual production of slaughter and slaughtering broiler has reached 96 million feather, and the output of chicken products has grown from 82,500 tons in 2007 to 140,100 tons in 2009, and the production of chicken has remained above 97%. Saint-Agriculture development said that the company's output, sales, market share has been significantly increased, 2005-2009 years, its output and sales average growth rate of 24.86% and 24.94%, the market share from 2005 0.55% to 2009 1.1%,　　At present, its products still can not meet the needs of existing customers, capacity has a larger space for expansion. According to the plan of the development of the Saint-Agriculture, the main contents of the 1.5 billion-yuan fund are the construction of 1 new feed plants, 482,600 tons of feed per year, the new parents ' breeding farms 19, the parents ' incubation plants 2, the broiler Farms 46, and the broiler processing plants 2. After the completion of the development of the San Nong Broiler feeding capacity will reach 192 million feather/year, new ice fresh chicken 192,200 tons.