Search For Special 1 Billion 100 Million Convertible Debt Application Received, 8 Hundred Million Of Which Will Be Invested In Palm Island In Dongguan.

The Limited by Share Ltd (hereinafter referred to as "search special") issued a notice on the night of June 9th, saying that in June 6, 2019, the company received the application form of the CSRC administrative licensing application issued by the China Securities Regulatory Commission (accepted order No. 191331).

The CSRC conducted a review of the application materials for administrative licensing of the listed companies' approval of convertible bonds approved by the company in accordance with the law. It considered that the application materials were complete and decided to accept the application for the administrative license.

It has been reported that the total amount of funds raised by Switching Company bonds is not more than 1 billion 100 million yuan. After the issuance fee is deducted, all the proceeds will be used for the following items:

The reporter was informed that he plans to invest in the supply chain headquarters project of the fashion industry in gate village of Dao Jiao Town, Dongguan. The total area of the site is 207.73 mu, which is divided into two phases, with a total investment of not more than RMB 2 billion 500 million yuan.

The total investment of the headquarters of the supply chain of the fashion industry (phase I) is RMB 874 million 674 thousand and 800 yuan, and the use of the proceeds from the project is invested in RMB 800 million yuan. The remaining funds are invested by the company itself.

The construction project belongs to the first phase of construction of the above fashion industry supply chain headquarters project.

The main body of the project: Guangdong Mei Yi Da Supply Chain Management Co., Ltd. (wholly owned subsidiary of the listed company).

The project is located in the Southern District of Dongguan, Dao Kau town. The area is 207.73 Mu and the land is 106.67 mu.

Dongguan City Dao Jiao Town palm island is 17 kilometers away from the center of Dongguan, 59 kilometers from Guangzhou to the west, and across the river from south to Houjie. The north side of the nearby Kau town center area is backed by the most active Pearl River Delta with the most export-oriented economic development, with unique geographical advantages.

There are no more than 100 kilometers away from the two major airports in Shenzhen and Guangzhou, and 5 to 10 minutes' drive to Dongguan's main trunk road, such as Dongguan port Avenue and water country road, and 8 minutes to the already opened Huicheng Huicheng rail Kau station.

The project is located in the land owned by Guangdong Mei Yi Da Supply Chain Management Co., Ltd., located in Dongguan, Dao Kau Town, Nan Ge, Zhou Zhou island. The plot area is 207.73 mu, and the project land is 106.67 mu.

Guangdong Mei Yi Da Supply Chain Management Co., Ltd. has obtained the right to use the land through open auction. In January 25, 2019, it signed with the Dongguan natural resources bureau the contract for the assignment of the right to the use of state-owned construction land, which is numbered as "east land pfer (market) and [2019] No. 008", which is pfered to the land.

The land use permit procedure is being processed.

Project construction cycle: 3 years

The contents of the project are: warehousing and logistics facilities (including intelligent warehouses, general warehouses, etc.), comprehensive buildings (including management office, inspection and research and development, clothing design, exhibition center, underground parking lot, etc.) and supporting facilities for living facilities (including staff dormitories, canteens, underground parking lots, etc.).

In the view of the above, the construction of the supply chain headquarters of the fashion industry will help the company to further improve the supply chain service system, promote the company's service level, improve the market response ability, give full play to the advantages of the company's supply chain, create the overall synergy effect of the industry, and enhance the core competitiveness of the company.

In addition, based on the judgment of confidence and fundamentals of the company's future development prospects, the company's management takes into account the company's recent two level stock market performance, and combines the company's operation, financial status and future profitability and development prospects. In order to safeguard the interests of investors, especially small and medium investors, and enhance investor confidence and promote a reasonable return of the company's stock price to the long-term intrinsic value, the company decided to raise 300 million yuan to buy back some A shares.

As of December 31, 2018, the total assets of the search company were RMB 10 billion 166 million yuan, the owner's equity attributable to the shareholders of the listed company was 5 billion 288 million yuan, and the current assets were 7 billion 901 million yuan. The amount of the repurchase limit was 300 million yuan, which accounted for 2.95%, 5.67% and 3.80% of the total assets of the company, the rights and interests of the shareholders who belong to the shareholders of the listed company and the current assets.

In 2016, 2017 and 2018, the total operating income of the search company was 6 billion 324 million yuan, 18 billion 348 million yuan and 18 billion 519 million yuan respectively. The net profit attributable to shareholders of the listed company was 361 million yuan, 612 million yuan and 369 million yuan respectively, and the company was in good condition.

In the long run, China's textile and garment industry has the characteristics of large space, high dispersion and low efficiency. As a middleman, it has played an important role in improving the efficiency of the industrial chain and has a large space for business development. 2) the adjustment of the original brand clothing business has gradually come to the level, and actively explore strategies and measures to adapt to the new changes in the clothing and consumer market. For example, the development of the super market and shopping center channels, the establishment of a multi brand "fashion commodity quick reaction Department", and the emphasis on expanding the fast reverse mode, are expected to become more effective with the adjustment and the sales side will gradually revive. Everbright Securities analyst Li Jie said earlier