AOKANG Shoe Industry Intends To Use Over Raised Funds, Capital Raising Purposes Have Been Finalized.

June 7th evening announcement that the company intends to use

90 million yuan to wholly owned subsidiary

The sales company increased its capital to invest in the electronic business operation project of the sales company, of which 10 million yuan was included in the registered capital of the sales company, and the remaining 80 million yuan was included in capital reserve.

After the completion of the capital increase, the registered capital of the sales company will increase from 51 million 800 thousand yuan to 61 million 800 thousand yuan.

This

It is intended for sale companies to purchase land and buildings. The land and buildings are located in the thousand stone industrial area of Huang Tian street, Yongjia County, Zhejiang Province, covering an area of 8302.7 square meters.

The company plans to upgrade the buildings to electronic commerce operation center, voice call center, modern storage and distribution center, brand direct sales hall and so on.

The company said that through the pformation of the information system and the acquisition of automation equipment, the logistics pfer link can be accelerated, the product pport cycle shortened, and the turnover speed of products and funds quickening.

And the e-commerce operation center is located in the company's location, and it can enjoy the relevant policies of the local government to support e-commerce.

With the existing resources of the company, we can set up the image of the company's e-commerce faster and better, and promote the rapid and steady development of the company's brand.

At the same time, the company disclosed that it intends to invest 50 million yuan to set up AOKANG International (Shanghai) Footwear Co., Ltd., and intends to purchase CB-201202004 site of Jinshan District ting Lin Industrial Zone (East) in Shanghai to build East China logistics center.

The project aims to expand the scale of operation of the company, further enhance the overall strength of the company, consolidate and improve the company's position in the industry.

AOKANG international 7 reported 25.43 yuan, up 0.79%.