Billion City shares participate in the development of 500 acres of Tangshan

Billion City shares (000616) January 13 with Tangshan Douhe Qinglong River Management Committee (preparation), Tangshan Douhe Qinglong River Development and Construction Investment Co., Ltd. signed the Tangshan Ring River system Dacheng Mountain area of the development of investment Cooperation Agreement, agreed to provide 400 million yuan of financial support, By the two River Management committee and the two River Investment company to the Tangshan city of Dacheng Mountain massif land level development and collation.　　Project plot is located in the northwest side of Tangshan Dacheng Mountain area, an area of about 500 acres. Billion City shares that the company to provide financial support to participate in the Tangshan Dacheng Mountain Block Development, is the company to implement the "focus of the Bohai Sea area" strategy is another important move, aimed at advancing the target plots of the first level of development and finishing process, to promote the target plots listed as soon as possible.　　Billion City shares in the follow-up land "Strokes hang" in the successful acquisition of the project, will effectively expand the company's land reserves, become a new profit growth point. Billion City shares January 13 the board of directors through the transaction of the bill, because the amount of financial support to exceed the company's most recent audit of the net assets of 10%, according to the Shenzhen Stock Exchange main board listed companies to standardize the operation of the guidelines, the matter should be considered by the Board of Directors to the General Assembly for consideration