Seven Wolves Industrial Limited By Share Ltd And Controlling Shareholders Increased 200 Million Yuan To Group Finance Co., Ltd.

Recently, Seven wolves The industrial Limited by Share Ltd announced the announcement on the related spanactions of the Fujian seven wolves Group Co., Ltd., which is jointly invested with the controlling shareholder, Fujian seven wolves group financial company. The announcement said that seven wolf industrial Limited by Share Ltd and its controlling shareholders increased their capital to group finance Co., Ltd. by 200 million yuan.

According to the contents of the announcement, the company and its controlling shareholder, the seven wolf group, increased their capital by adding their own capital to the finance company before the capital increase. The total capital increased to 200 million yuan, and the registered capital of the finance company after the capital increase was RMB 500 million yuan. Before and after capital increase, the shareholding ratio of shareholders of financial companies will not change by law.

According to the reporter's understanding, from January 1, 2016 to the date of disclosure, the total amount of related spanactions that had occurred between the subsidiaries of the company and its subsidiaries and the affiliated juridical groups belonging to the same actual controller were 11013433.48 yuan.

It is also worth mentioning that in addition to the investment matters of the announcement, the company and its subsidiary companies have invested a total of 392810178.87 yuan from the last outbound investment announcement date (February 3, 2016) to the present day, covering investment and establishment of wholly owned subsidiary Hefei Long Qing seven Shang Investment Co., Ltd. and Xiamen seven wolves. Needle spinning Shanghai Limited Electronic Commerce Ltd. has invested more capital and invested in Shanghai jiamuse Culture Co., Ltd.

According to the relevant personnel, the increase of capital for financial companies will help financial companies to enhance their capital strength and enrich their businesses and products, so as to further optimize the company's capital allocation, broaden the company's financing channels, and support and enhance the construction of the company's large fashion consumption platform.

At the same time, the capital increase and financial services provided by the financial company can also enable the company to fully enjoy the platform resources of the financial company. This is conducive to enhancing the efficiency of the company's capital operation, broadening the financing platform of the company, and conforming to the overall strategy of the company's development.

Reporters learned that the seven wolf group is an investment holding enterprise group, its business activities include sporting goods, arts and crafts, paper products, wine, non-staple food and so on, and engaged in investment business. According to relevant earnings reports, the operating revenue of the seven wolves group in the year of 2015 is about 3 billion 722 million yuan, and net profit is about 604 million yuan. As of March 31, 2016, the total assets of the company amounted to about 22 billion 687 million yuan, with net assets of about 10 billion 904 million yuan.