Jiajiayue Group Co.Ltd(603708) march 16 announced that the company plans to issue 58 million non-public shares to the controlling shareholder Jiajiayue Group Co.Ltd(603708) holding at an issue price of 10.49 yuan / share. The total amount of funds to be raised in this offering is about 608 million yuan.
The announcement shows that the company’s main business is supermarket chain operation. It is a company with hypermarkets and comprehensive supermarkets as the main business format and fresh food as its characteristics. Through the network layout of regional density, urban-rural integration and multi business format, and relying on the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) all channel integration of stores, the company is built into a regional integrated logistics company, It is a comprehensive retail channel with the whole industrial chain and multiple formats, with the development of modern agricultural production base and food processing industrial chain as the guarantee and the operation of fresh food as the characteristic. With the development of the company, a number of stable supplier groups have been formed.
At present, the company has established stable cooperative relations with many manufacturers, including P & G, Haitian, nongnongshanquan, Nestle, Mars and other manufacturers, which have maintained good cooperative relations for more than ten years. Adhering to the business philosophy of “customer demand is the goal we pursue”, the company has actively adopted modern marketing methods, vigorously developed modern logistics, integrated and utilized advantageous resources, continuously improved its competitiveness and maintained a leading position in the industry.
In order to comply with the development trend of the industry and seize favorable market opportunities, the company plans to supplement the funds required for business development to optimize the business layout and further enhance the company’s market competitiveness, so as to consolidate the company’s leading market position in the industry. The total amount of funds to be raised in this issuance is about 608 million yuan. After deducting the issuance expenses, it will be used for Jiajiayue Group Co.Ltd(603708) Shanghe smart Industrial Park Project (phase I), Yangting shopping mall project and bank loan repayment.
In the future, the company will firmly grasp the main business of retail services, focus on the changes of market demand, and continue to make key breakthroughs around supply chain support for store expansion and multi industry cooperation through the implementation of this non-public offering and investment project in accordance with the principles of matching quality and speed and unifying efficiency and benefit, so as to maintain the sustainable and healthy development of the company.
