Suning Will Be More Than 20 Million Private Placement And Fund-raising Into Four Projects - Su Ning,

Recently held a board of directors, approved non-public offering

Stock Program motion decided in 2007 to institutions

Investment By the number of non-public offering is not more than 7300 million (including 7300 million), the issue price of not less than 33.3 yuan / share, the fund raised more than 20 billion yuan to be invested in four major projects. After completion, the projected annual sales revenue will increase more than 19.7 billion yuan. It is understood that the motion will be submitted on May 8, 2007, held the first meeting of shareholders to be considered.

Company said that with China's sustained economic development,

Home Appliances Market capacity to maintain sustainable growth, product technology updates and

Consumer Electronics The development of a stable market space to provide further support. Company as a major Chinese home appliance chain enterprises are facing greater development opportunities and the challenges of a higher level of business competition.

2006 private placement, the company further improve its chain of stores in

Network Layout based on the completion of the organizational structure and information platform adjustment and upgrade of logistics integration, continuing to promote human resource development and achieved remarkable results. Based on market conditions and the company's development strategy, the company made in 2007 of non-public offering plans, raising funds for accelerating the development of chain stores to promote the logistics platform, the development of appropriate acquisition of stores.

Through this private placement, the company hopes to further improve the chain of distribution, access to scale upgrade; further improve the distribution logistics and support chain development,

Service Level and supply chain integration; in the heart of China's major cities business district, a reasonable purchase store in order to reduce operational risks, reduce the pressure of rental to the good image and flagship store sales, overall operating capacity at the regional lead.

Non-public offering plans to invest the funds raised through the following four projects: one 250 chain development projects. Company plans to use

Lease Store way in north, northeast, northwest, central, east and south China Development 250 stores. The Company will directly create, or new subsidiaries or joint owned subsidiary of the other shareholders to increase capital by the subsidiary responsible for chain stores, the implementation of this project. The total investment 1.964 billion yuan, plans to use this issue to raise 1.5 billion capital investment, and the remaining 464 million yuan from the company raises capital increase or subsidiaries of other shareholders to resolve. The construction period is 18 months after implementation of the project, predicted the normal annual sales income of 18.625 billion yuan (including tax), after tax internal rate of return 14.65%, income tax years after the payback period is 7.21.

Second logistics center in Shenyang project. The company plans distribution center in Shenyang Shenyang construction, chain store sales in Liaoning Province to bear the long-distance transfer of goods, stores

Distribution , Retail distribution and pipeline distribution of market demand,

Support Distribution. The project by the company from the subsidiary responsible for the implementation of Shenyang Suning Logistics Co., Ltd., the company plans to use to raise funds and other shareholders of the subsidiary for joint replenishment. The total investment is 145 million, to be used to raise funds invested 143 million yuan, the other shareholders invested 1,449,300 yuan. The construction phase of the project is 1.5 years, the forecasts, the project internal rate of return after income tax of 12%, after tax investment recovery period is 7.6 years.

Third flagship store in Wuhan, Central purchased item. Company intends to purchase Road, Wuchang District, Wuhan, 2-6 in Construction - Industrial and Commercial Bank Plaza, 1-5 level podium to open flagship store in Wuhan, Central. The project by the company subsidiary Suning Appliance Co., Ltd. Wuhan implementation, the company plans to use line to raise funds and carry out joint replenishment of its other shareholders. The total investment 236 million yuan, to be used to raise funds invested 234 million yuan, the other shareholders invested 2.36 million yuan. The project construction period is planned for 3? In June, by the forecast, after the implementation of normal annual sales income of 350 million yuan (including tax), after tax internal rate of return 9.22%, income tax years after the payback period is 9.37.

Fourth flagship store in Shanghai's Pudong purchased item. Company intends to purchase the Far East 1101 South Pudong Road, Shanghai Building 1-3, to open flagship store in Shanghai Pudong. Project by the company subsidiary long Ning Suning Appliance Co., Ltd. Shanghai implemented, the company intends to raise funds and joint use of lines of its other shareholders for replenishment. The total investment is 582 million yuan, investment of funds to be used to raise 576 million, the other shareholders invested 5.82 million yuan. The construction period is 3 to 6 months, after forecast, after the implementation of the normal annual sales income of 750 million yuan (including tax), after tax internal rate of return 9.68%, income tax years after the payback period is 9.11.

by: gaga

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