Hunan Mengjie Home Textiles issued 16 million shares for the first time.
According to the China Securities Regulatory Commission, the 144th meeting of the China Securities Regulatory Commission's Issuance Review Committee was held on December 14, 2009, and Hunan Mengjie Home Textiles Co., Ltd. (the first) was approved. According to the prospectus issued by Mengjie Home Textiles, Mengjie Home Textiles plans to issue 16 million shares, accounting for 25.40% of the total issued share capital, and the total share capital after the issuance is 63 million shares.
Hunan Mengjie Home Textiles Co., Ltd. was first held on December 21, 2007, but was rejected by the China Securities Regulatory Commission. The meeting was the second time for Mengjie Home Textiles IPO. "This dream will be successful, and the Luolai home textiles listed on September 10, and the recently-listed Fuanna home textiles will form a three-pronged situation." An industry insider in the home textile industry analyzed that this will mean more intense channels. Strive to stage the field of home textiles.
The proceeds from the issuance will be invested in the newly added 300,000 sets of bedding sets and 800,000 core-type production lines and the terminal network construction of Mengjie Direct Market, with a total investment of 363 million yuan.
According to the prospectus, the proceeds from the issuance will be invested in the newly added 300,000 sets of bedding sets and 800,000 core-type production lines and the terminal network construction of Mengjie Direct Market, with a total investment of 363 million yuan. The new production line is only needed to solve the problem of serious shortage of production capacity. At present, the company's annual output value is about 500 million yuan. Due to the limitation of the site, the company's production capacity has reached its limit, and the products are still in short supply. The annual sales revenue directly affected by the shortage of goods is more than 50 million yuan.
"At present, these two fundraising projects are already in the process of construction. In particular, the newly added production line project requires 1.78 billion raised funds. The company has already solved 140 million yuan through self-raising." Li Jun told reporters that the project The early investment of funds means shortening the income period for investors.
“In the home textile industry, brand and channel construction are more important than production. This is the guarantee of high added value, and the profit of pure production is very low.†A textile industry insider told reporters.
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