10 transfer information published in Shanghai United Property Exchange

Shanghai United Property Exchange A total of 10 of the transfer of information, Bright Food group's farming real Estate (Group) Co., Ltd. Minority stake is to be listed for transfer, the total transfer of about 138,505,085 shares, about the total share of the proportion of 12%, the transfer price per share of RMB 7 yuan, The transfer price amounted to 969.53 million yuan.　　It is noteworthy that the assignment bulletin does not indicate whether the transfer of minority shares is either a separate transfer or a package transfer.　　According to the introduction, Farming real Estate (Group) Co., Ltd. formerly known as Shanghai Nong Kou Real Estate joint Development and Operation Corporation, was founded in May 1988, the registered capital of 1.12 billion yuan, as at the end of 2009 total assets of 10.8 billion yuan, for the first-level qualification real estate development enterprises. Agricultural Housing Group to the real estate development and operation of the main business, set real estate, real estate, design, property management, decoration as a whole. At present, the agricultural Housing Group has 21 real estate project companies, architectural design companies, construction companies, decoration companies, jewelry companies 1. Founded 20 years, the agricultural Housing Group has developed a total of nearly 9.4 million square meters of residential area.　　2010 Agricultural Housing Group to achieve operating income of 5,464,125,600 Yuan, operating profit of 1,376,152,600 yuan, net profit of 1,032,827,100 yuan. Before the transfer, the top ten farm shareholders include, Bright Food (Group) Co., Ltd. holds 61.8312%, as the largest shareholder; Shanghai Metropolis Asset Management Co., Ltd. holds 14.2771%; natural person Zhang just hold 4.3345%, Zhang is now the president of the Agriculture and Housing Group , Shanghai Xiang Zhan Investment Co., Ltd. and Mingheng Investment Development Co., Ltd. held 2.6786% respectively, the natural person Zheng holding 1.9027%; Shanghai long Thing Company, Shanghai New Industrial Union (Group) Co., Ltd., Shanghai Rainbow Yang Tiandi Investment Co., Ltd. held 1.7857% Shanghai Farming Greening Co., Ltd. holds 0.8109%.　　The announcement said that the old shareholders did not give up the exercise of preemptive rights.　　Analysts say the transfer may pave the way for a housing group to go public, but in the context of tighter real estate controls, both IPOs and backdoor listings are faced with policy risks that cannot be released in the short term.　　In 2011, the group's working conference, Chairman 闻淼 still proposed, adhere to the three-year strategy is not shaken, do a good job in the 2011 sales, capital, construction, management deepening and listing work. Newspaper reporter Elaphe