490 million "clearance" Oriental City Plaza

Shanghai Joint Equity Exchange announced that China Oriental Asset Management company to sell its holdings of Shijiazhuang Oriental City Plaza Co., Ltd., two shares of 55.14% and 37.59% respectively, the listing price of 291.58 million yuan and 198.78 million yuan, totaling 490.36 million yuan. Shanghai SEHK related people, Shijiazhuang Oriental City Plaza 55.14% Equity and 37.59% Equity transfer project for two independent and related transfer projects, the intention of the assignee must simultaneously raise the licensing of these two projects.　　The intended assignee is required to deliver RMB 250 million as a deposit for the above two items. For the qualification of the assignee, Oriental asset requirements, the assignee can be Shijiazhuang Oriental City Plaza, the original shareholders do not give up preemptive rights, or large enterprise groups, and should have the background of listed companies (or their own listed companies, or its controlling shareholder for the listed company shareholders, or having other factors related to a listed company, or having an expected listing within one year, or an enterprise with a stake in a listed company with a 37.59% equity equivalent.　　In addition, the assignee is also required to have strong assets, good financial position, with sufficient cash capacity, and a wealth of business investment management experience, with a certain size of the department store retail store.　　Data show that the Oriental City Plaza is located in Shijiazhuang, Hebei province, the commercial gold section, operating area of about 55,000 square meters, is a shopping, catering, entertainment, leisure as one of the large-scale integrated shopping center, Hebei province is the largest (single shop) commercial enterprises. The company registered capital of 145 million yuan, as at December 31, 2008, the total assets of 759.94 million yuan, the total liability of 487.003 million yuan, the owner's equity of 272.937 million yuan.　　2008, the company audited the main business income of 792.7317 million yuan, the main business profit of 48.1904 million yuan, net profit of 36.1179 million yuan. In the eastern city Square, the current shareholders, in addition to the Oriental assets holding 92.73% per cent, but also includes Shijiazhuang Oriental Enterprise Development Co., Ltd., holding 6.2%, the State Reserve Material Adjustment Center, shareholding 1.07%.