inclusive

Company Announcement no more than 4000 private placement shares (inclusive), to be secondhand for sailor acquisition, announce to the end of the proliferation and false sea cucumber reef sea cucumber aquaculture investment. Comments maneuvers private placement personal placement plan: The enterprise intends to no extra than 10 investors in a particular orientation issuance of no more than 4000 million (inclusive), ahead the issue price of not less than the benchmark mean of 90% of 20, that is not less than 13.88 yuan, is expected to restrict fund-raising 5.7 billion, net of issuance prices of approximately 5.66 after the net fund-raising billion. major shareholders to subscribe as 200 million in money, and the lock of 36 months. Oriental Ocean Group, the controlling shareholder intends to subscribe for 200 million in cash, characterizing 5% of the aggregate issue, later issue of the percentage of large shareholders 24.15 %, still relatively holding. important shareholders to subscribe for shares may not be transferred among 36 months, additional shareholders lock-up duration of 12 months. to raise asset for the donation and narrated construction civilization place. the enterprise intends to raise funds for the gain of kongtong Island, the burden Island, Sea Island, Lo and Hai Duong rudder Xin'an 4 million acres of superficial waters, primarily for sea cucumber reef base sowing culture proliferation and poll, as well as kelp and sea cucumber seedling breeding preschool. have initiated the establishment of Yantai Feng Seafood Co., Ltd., as a burden Sea Island, the main project acquisition and subsequent operation. Eastern Marine Aquaculture and Yantai City, Yantai was co-sponsored the establishment of Feng Seafood Co., Ltd., of which the company holds 60%, the burden of the island in the sea after the acquisitions as business entities. We trust that placement project ambition greatly amplify the company's reserves and sailor resources in the scale of sea cucumber aquaculture for 2009 and beyond into the current year proceeds growth momentum. With the acquisition of sea cucumber and the broadcast end of the construction of sea cucumber agriculture will convert the essence cultured category. We expect the company's future focus will be harvested species of sea cucumber slope, the original Turbot (Turbot) deserving to the eruption of the nation affected by the end of 2006, millet inert, the new prices remain by 50 yuan / kg below, which is invariable with our native anticipate. Since the expansion of agriculture of sea cucumber, sea cucumber seedlings ashore demand will amplify significantly. We expect the company had farmed turbot sea ​​cucumber seedling plants will gradually changed, then, the company will further be optimized production architecture. It ought be eminent that we raised 2009 income forecasts,shenzhen massage, is based on the successful implementation of early 2008 personal placement and appended acquisitions and investment timetable beginning the end of reef on the basis of broadcast creation. 07-09 years, the company expects a net profit of 40.2,59.5,107.2 million, an addition of 26.6% and 47.9%, 80.0%. correspond to 07-09 years were 0.466,0.690,1.242 EPS yuan, according to 4000 increased 08 million shares reduced, EPS were 0.466,earnings generation,guangzhou escort,0.471,0.848 million. amount was significantly underestimated, reiterated a Comparison of farming commerce objects which we choose nice masters,beijing escort, according to agreeable mains, 10% PE deduct, as causativeable valuation of the East Ocean East Ocean's processing business reference with , Yi Hua Wood, as portion of its processing business for comparison. The results show that the secondary market price of the Company reasonably 20.23-20.92 greenbacks. correspond to the level of 08,09 years PE of 29.3 times and 16.84-fold diluted PE corresponds to 08,09 years were 42.95 times,shenzhen massage, 24.67 times. the company is significantly undervalued the present share cost, reiterated a