The program-controlled unit will transform into an effective enterprise

Yesterday afternoon, the general meeting of the Holding (000419) in 2010, the provisional shareholders to consider the adoption of the company's rights to raise funds scheme.　　This will be the program control unit after 10 years of refinancing, the last refinancing is 2001, also through the form of allotment. At the general meeting of the day, Zhou Xiaoda, chairman of the company, made in-depth exchanges with investors on the company's current initiatives to ensure performance growth and its future development plans.　　He also revealed that the company's existing industrial sector is planning a new breakthrough in the industry, the next two years the company's performance is expected to maintain a high growth. "The company is realizing the transformation from a resource-oriented enterprise to an efficient one, and this transition comes from household appliances, department stores, commercial squares, hotels and other consumer main industries, and the future is fully sustainable."　　"Societe Generale retail industry analyst Xiangtao on the future performance forecast of the program control unit also optimistic attitude." According to the plan, the program-controlled unit is to be based on the total equity 351 million shares, placing no more than 3 shares per 10 shares to all shareholders, with a total of no more than 105 million shares; The price is based on the first 20 trading days of the company's shares, and the market discount method is used to determine the amount of the funds to be collected no more than 600 million yuan. According to the company proposed to raise funds and existing equity estimates, the price of the allotment of about 6 yuan.　　The company's largest shareholder of the group will participate in the full share of the placement. The company raises funds for retail business expansion, of which 300 million yuan for new stores and old store renovation, including in Hunan Province, opened 18 new electrical stores, to the original 37 of the existing electrical stores to upgrade to varying degrees, the new Open Cheng Commercial Plaza hongxing shop and Zhuzhou shop, to transform the original 6 commercial plaza and department stores　　And another 300 million dollars will be used to return bank loans and replenish liquidity. Wanguo that, after the completion of the allotment, will further consolidate its electrical chain business in Hunan region's leading position, improve market share, enhance brand image. The channel value and the bargaining power to the supplier will make the profit margin of its electrical chain business increase by about 0.5%.　　Reduced financial costs will also directly increase the company's profitability.　　The above fund-raising plan does not include two other main industries-hotel and pawn. Zhou Xiaoda to this explanation, mainly because the investment demand of the commercial plate is more urgent, "the advantage is being threatened, enlarge the scale expansion of the electrical chain, complete the transformation of the electric appliance store, is advantageous to enhance the competitiveness." As the main board of the first scheduled disclosure of two companies, July 16, the program-controlled unit will hand in the first half of the report. The program-controlled unit has forecast the medium-term net profit growth rate will surpass 50%, "the reservation date most is births." "A participant in the insider revealed that the program-controlled unit in the report performance is expected to be" more than expected.