Seven wolves (002029) announced a public offering plan on November 7th evening, and the company's stock will resume trading in November 8th. The company intends to issue no more than 53 million shares to specific investors who do not exceed 10, and the issuing price is not less than 34.27 yuan / share. This issue will not lead to changes in corporate control.

According to the plan, the total amount of funds raised by the non-public offering is not more than 1 billion 800 million yuan, all of which are used for investment and construction of "marketing network optimization project". The company said the total investment of the project was 2 billion 66 million yuan, and the construction period of the project was 30 months. The net proceeds of the project are lower than the total investment required by the project, and the company will solve the problem through self financing.

The company said that after the completion of the project, the new business area will be 180 thousand square meters, and the new year sales will reach about 1 billion 400 million yuan.