Beijing urban construction to reduce the reserve price

After the announcement of the non-public release plan in the past year, Beijing Urban Construction (600266) actively lowered the reserve price. The price per share is reduced from 17.27 yuan to no less than 11.47 yuan.　　At the same time, the 2009 private issue of shares programme shareholders General Assembly resolution of the effective period of 12 months. As a result of price reduction, Beijing urban construction to increase the number of shares issued, the number of non-public offerings from the original no more than 220 million shares to no more than 290 million shares.　　Among them, the large shareholder urban Construction Group undertakes to subscribe to shares of not less than 20 million share capital at the same price as other subscription objects in cash.　　The amount of non-public offering and raising funds will not exceed 3.2 billion yuan after deducting the issue fee, specifically used in Beijing Beiyuan Southern Project, Beijing Fangshan Changyang Project, Chongqing West Peng Project and Beijing Hope Altar rebuild and land level development project. The company's 2009 Non-public offering of stock options was approved by the company at its third general meeting of shareholders in 2009 on December 25, 2009. But then the company's stock prices adjusted sharply, the current stock price is far lower than the fixed 17.27 yuan/share of the issue.