The property of the large proposed to raise 2 billion investment in automotive finance and other services

Securities Times Network (www.stcn.com) September 24 September 24 evening, the property of the big (600704) announced the non-public issue of stock plans, to raise capital not exceeding 2 billion, investment in automotive finance and other projects, and gradually profit center from the new car sales to auto repair, automotive financial services, such as service business transfer.　　The company shares the 25th duplicate card. The plan shows that the company's issue price is not less than 6.32 yuan/share, the issue object includes the holding shareholder property Group and its holding subsidiary property metal, not exceeding 10 specific objects, the issue quantity is not exceeding 317 million shares, raising funds to the Automobile Finance Service project, the medium and large futures capital increase project, the automobile cloud service project Phase one,　　The proposed use of fund-raising 1.2 billion yuan, 500 million yuan, 300 million yuan.　　Among them, the property group intends to subscribe to not less than 10% of the total number of Non-public offering shares, property metal to be subscribed to the number of shares not less than 5 million shares, property Group and metal aggregate subscription ratio is not less than the total number of non-public offering shares of 20%, and make this issue after the completion of the property Group control company shares ratio of not less than 30%.　　At present, the automotive trade service is one of the major core business, the company has Mercedes-Benz, Lexus, Audi and other 43 domestic and foreign mainstream brand series of agents, has been in Zhejiang, Fujian and other countries to establish more than 160 car sales and service outlets, to build a sound marketing service system. It is believed that with the continuous improvement of the quantity of automobiles in China, the aging of automobiles and the change of consumption habits, there will be a great growth space for the service industry of our automobile.　　From the mature market, the automobile service business is one of the main profit sources of automobile dealers, its gross profit margin level is much higher than the new car sales business, and can smooth the cyclical fluctuation of the profit of automobile sales industry. In the first half of 2013, the property of large car sales to achieve business income of 9.398 billion yuan, down 4.7%; Among them, the gross profit margin of the car after service is 25.82%, and the gross profit margin of the vehicle sales is only 2.13%.　　Property in the big said, will be the automotive service business as a strategic transformation of the important direction. One of the company's investment projects? The first phase of the Automotive cloud Service project is mainly invested in the purchase of hardware and software equipment, storage leasing, project implementation promotion and automobile supplies purchase.　　Property, said that the use of automotive cloud service platform to upgrade the service plate after the operation of the business sector, is conducive to the gradual realization of line online cohesion and synergy, enhance the company's E-commerce platform service content, and truly achieve cross-regional sales.　　In addition, the medium and large futures will use raise funds to further improve capital scale, adapt to market demand to improve all kinds of innovative business. (Securities Times Network News Center)