US Bond Clothing Force Seeks Expansion And Refinancing One Billion

At present, the company has ample funds to issue short-term financing coupons. Shanghai Metersbonwe apparel Limited by Share Ltd (002269), which was listed in Shenzhen Stock Exchange in August 28th last year, will hold a shareholders' meeting tomorrow to consider the motion on issuing short-term financing bills of not more than 1 billion yuan.

Yesterday, the reporter telephoned the company, interviewed less than half a year for financing, and used the question of refinancing.

"The purpose of this financing is to optimize the financing structure, expand financing channels, reduce financing costs, save financial costs, and match business development," a company official told reporters.

And for financing, "projects that are closely related to the main business or projects that optimize the debt structure will be properly arranged according to the needs of business development."

As for the response of financing to the market, "the company believes that investors will understand and support the needs of the company's business development, and the companies and investors in the early stage also have a good communication on this matter."

According to our understanding, the funds needed for fundraising projects in the US state are 2 billion 800 million yuan, while IPO has raised 1 billion 340 million yuan. Obviously, there is still a big gap.

Consulting the company's information, it found that in the first three quarters of 2008, the company's operating income was 2 billion 854 million yuan, its net profit was 340 million yuan, and its gross profit margin was 43.8%.

The net cash flow of operating activities is 450 million yuan, and the total amount of money on the books is 1 billion 944 million yuan. There seems to be no shortage of funds.

From the point of view of financial structure, the asset liability ratio of the first three quarters of last year was 45%, which also showed a downward trend compared with 56.8% in the first half of last year.

According to the company announcement, the net profit attributable to parent company in 2008 increased by 60%-70% over the same period last year.

However, the financial cost of the first three quarters of last year was 33 million 910 thousand yuan, which has increased by 11 million 450 thousand yuan compared with 22 million 460 thousand yuan in 2007.

As of the three quarter of 2008, the number of stores in the United States had reached 2641, up 430 than the 2211 in the first quarter of 2008.

When the IPO was listed, it said that 80% of IPO's funds would be used for the construction of sales channels, and 68 stores were expected to expand.

These shops will lay the foundation for Metersbonwe's sustainable development in the next 10 years, both in their own image and fashion, or in regional radiation and influence.

According to the announcement of Mei Bang dress, the company has acquired the ownership and corresponding land use rights of the first to four floors in the middle section of Nanchang Times Square in Jiangxi, with a total of 143 million 800 thousand yuan and 20 million yuan of its own funds. The construction area is 11810.55 square meters, and the pfer procedures have been completed.

At the same time, the housing ownership and corresponding land use rights of Ping He general merchandise commercial housing in Xin'an pedestrian street of Bao Yuan District, Dandong City, Liaoning province were purchased at 19 million 600 thousand yuan, with a floor area of 1287.56 square meters.

According to the calculation, the purchase amount per square meter for Times Square is 13866 yuan, and the purchase amount for Ping Ping Department Store is 15223 yuan per square meter.

The company believes that buying a store can save money if the company has enough capital.

Smith Barney bought the store funds from the company's own (including raise) funds, and is located in the bustling business district of the city. Opening shops here will play a certain role in promoting sales of local products and improving business performance.

Wang Xiaonan