Yanjing Beer (000729) announced that the China Securities Regulatory Commission's Issuance Review Committee will review the application for the public offering of convertible corporate bonds on August 25. Yanjing Beer previously announced that it will carry out a total of 600,000 kiloliters of beer production capacity in Beijing, Guangdong and Jiangxi this year, raising no more than 1.13 billion yuan.
Yanjing Beer's capacity expansion plan this year includes: Beijing Yanjing Beer Co., Ltd. annual production of 100,000 kiloliters of pure draft beer technology transformation project, the project requires about 200 million yuan. Guangdong Yanjing Beer Co., Ltd. increased its capital for its third-phase project of 150,000 kiloliters of beer per year. The project requires about 300 million yuan. Jiangxi Yanjing Beer Co., Ltd. increased its capital for its expansion project, which can increase the production capacity by 50,000 kiloliters and require about 80 million yuan. Invested in the establishment of Beijing Yanjing Beer (Jinzhong) Co., Ltd. for its annual production of 200,000 kiloliters of beer in the first phase of 100,000 kiloliters of project, the project requires about 250 million yuan. Yanjing Beer (Kunming) Co., Ltd. was established as a joint venture for its annual production of 400,000 kiloliters of beer in the first phase of 200,000 kiloliters. The project requires about 300 million yuan.
The above six projects will increase the production capacity of Yanjing Beer by 600,000 liters, which will require a total of 1.13 billion yuan. NetEase Finance learned that the project of adding 100,000 liters of capacity in Beijing mentioned in the above project has been upgraded in September last year and was put into operation in June this year. Yanjing Beer said that the new 100,000 tons capacity upgrade includes the addition of a production and packaging line that can complete 36,000 bottles of beer per hour, adding 15 fermenters, each of which can hold 280 tons of beer. In addition, a series of supporting facilities have been added. The new plant with a capacity of 200,000 tons in Kunming will be put into operation in October this year, and the plant in Shanxi Jinzhong will be put into operation next year.
The China Securities Regulatory Commission will review the fundraising plan of Yanjing Beer on the 25th. According to the relevant regulations, Yanjing Beer was suspended on the 25th and will resume trading after the results of the announcement. In addition, Yanjing Beer is currently acquiring Yueshan Beer, the third largest beer company in Henan.