Seven Wolves Plan To Raise 1 Billion 800 Million Of &Nbsp And 4776 Terminals.

Benefiting from the favorable factors such as factory price rise of garment enterprises this year, seven wolves (39, -1.70, -4.18%) (002029) are expanding at a loss.

Seven wolf announced today that the company intends to not lower than 34.27 yuan / share price, non-public offering not more than 53 million shares, the total amount of funds to be raised not more than 1 billion 800 million yuan, all used to invest in the construction of "marketing network optimization project".

It is expected that after the completion of the project, the new business area will be 180 thousand square meters, and the sales volume will reach about 1 billion 400 million yuan in the new year after the project is put into operation.

The announcement shows that, in order to optimize the layout and structure of the existing marketing network and enhance the market competitiveness of the product sales terminal network, this will increase 1200 sales terminals, including 60 flagship stores and 300 exclusive stores by way of direct operation, and add 140 flagship stores and 700 exclusive stores through the way of joining.

After completion of the project, it is expected to enter normal operation within one year.

After the normal operation of the project, it is estimated that the annual sales revenue will be about 1 billion 400 million yuan, the net profit will be 279 million yuan, the investment return rate will reach 13.49%, and the investment recovery period will be 6.95 years.

Seven wolves said that the total investment of the project was 2 billion 66 million yuan, and the fixed assets and related decoration expenses were 1 billion 936 million yuan, 130 million yuan for the bottom and 30 months for the project.

After the completion of the issue, the shareholding ratio of the seven wolf group held by the company fell to 34.29%. It is still the controlling shareholder of the company and will not lead to changes in the company's control rights.

Statistics show that as of June 30, 2011, seven wolves had 3576 sales terminals, including 28 living houses, 3189 exclusive stores and 359 flagship stores.

After the implementation of the fund-raising project, the company's sales terminal will increase by 1200 to 4776.