Frbiz.com reports Little Swan Washing Machine invest 100 million to expand production capacity
610 million in investment to build a new industrial park, based on the Wuxi Little Swan Company Limited (hereinafter referred to as "Little Swan") is planning to follow-up investment of about 100 million yuan to expand the washing machine production capacity.
New District Industrial Zone to further increase the
Little Swan is scheduled be held October 29 New District Industrial Park, completion of the opening ceremony. Previously, the company has said that New District Industrial Park project plans a total investment of 550 million, the project after completion of the comprehensive production capacity will reach 4.1 million units.
October 27 evening, while Little Swan issued a public notice of this plan has been updated. Little Swan said that according to the actual construction of industrial park, industrial park is currently the actual building area of 24 million square meters, total investment estimated at 610 million yuan. The adjusted budget for approval by shareholders than the increase in the budget about 6,000 million, mainly to increase supplies.
The investment projects are all completed and commissioned, the Little Swan is expected to pulsator automatic production line will be the previous 2 to 7, the drum washing machine production line from the current 1 to 2, while increasing a dryer production line.
Significant increase in sales to clarify the rumors
Little Swan on October 21 revealed the "issue of shares to buy assets plans," the U.S. intends to direct the electrical Rongshida laundry facilities, the company held 69.47% of the shares sold to Little Swan, and as for the right price subscription Little Swan to the electrical non-US public offering of A shares. Little Swan to become the US's electric washing machine business integration platform, but also solved the Little Swan and beauty of the electrical industry, the issue of competition between the same.
The asset restructuring program by the disclosure would lead to a hot pursuit of the market. Little Swan Stock prices rose for two consecutive trading days up to 20%, belong to unusual fluctuations in trading its shares on October 23 from suspension, the suspension before the stock closed at 10.80 yuan.
Little Swan also issued the evening of October 27 to clarify the announcement of a sales network expansion and significant increase in sales and other related rumors be clarified.
Little Swan said that since the United States and become its controlling shareholder of the electrical since the company continued to increase in the number of dealers, some of which may also operate the US dealers or any other appliance brands, is completely market-oriented business practices. Little Swan said its products have gradually entered a number of beauty shops, the number of the current into the store is about 13,000 more than the number of late into the store will continue to increase, the company's goal is to expand to more than 20000.
Little Swan emphasized that the dealer is a beauty shop and beauty-related products distribution unit, with its own beauty group of electrical and America do not have property rights between the company and the dealers purchase and sale contracts, delivery and settlement of receivables , in addition to the disclosure of related party transactions of small everyday things, neither the United States through the controlling shareholder of the electrical and related-party processing, there is no case affect the independence of listed companies.
About 2009 full-year results, Little Swan, said fourth-quarter results as the company is unable to accurately predict, the company is currently still unable to accurately estimate full-year results, but also unable to accurately estimate growth rates.
Little Swan and its controlling shareholder commitments, at least 3 months is not planned addition to the above matters have been disclosed other than a major restructuring of assets reorganization, acquisition, distribution of shares and so on.
