Gorgeous family (600503) announced that the company and the company's controlling shareholder of Shanghai Nanjiang (Group) Co., Ltd. signed a letter of intent, Nanjiang group designated company for the Shanghai Gold Folding Real Estate Development Co., Ltd. 51% of the acquisition, the transfer price of 550 million yuan, Nanjiang group is the remaining 49% equity. To avoid competition with the company, Nanjiang group waives all other rights except ownership and dividend rights. At the same time promised to be ripe, Nanjiang group is willing to be in the Golden Fold Company's equity part of the transfer to the listed companies. The pre-valuation value of the 100% shares of the gold folding property is about RMB 1.13 billion, the two sides negotiated 1.08 billion yuan as the 100% equity price, and the transfer price of 51% shares is 550.8 million yuan. As of May 31, 2010, the total assets of the 1.589 billion, net assets of 751 million yuan. The company's stake in the takeover of the property will have a big impact on the company's 2011 profit.
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