Billion city shares spin-off real estate business will become HNA financial investment platform

This reporter Hu Jenfang last night, billion city shares issued 2013 annual report, the first system of foreign countries to explain the transition direction and future development strategy. The company has made it clear that it will transform itself into a financial investment platform, focus on trusts and funds, and explore other financial services and related industries, while gradually reducing the real estate development business and completing the role transition from developer to investor. Annual report shows that in 2013, billion city shares to achieve operating income of about 2.59 billion yuan, an increase of 1.3%, to achieve the ownership of the listed company's shareholders net profit of about 210 million yuan, down 34.8% year-on-year. Part of the company's settlement project profit margins lower, resulting in a year-on-year decline in net profit more. Some analysts believe that the real estate industry is a typical capital-intensive industry, billion city shares limited by the existing funds and scale, in recent years, performance is not ideal, single business, product line cumulative risk gradually expanded. If we continue to develop the original ideas, the company's development prospects are not optimistic. Owning property can provide long-term and stable cash flow for enterprises, and obtain more land value-added dividends. In the August 2013, HNA Capital became the new controlling shareholder of billion city shares, and determined the strategic development direction of making the company become the financial investment platform. December 2013, billion city shares officially launched the non-public offering of shares, the plan to raise funds not more than 3.06 billion yuan, and about 2.759 billion yuan to increase equity in the Bohai International Trust Co., Ltd., is expected to obtain the latter 27.93% shares. In addition, at the end of December 2013, billion city shares announced to the subsidiary billion City Investment fund Management (Beijing) Co., Ltd. to increase the capital of 270 million yuan, the plan will be hit as the company's fund investment and management platform for the future development of the fund business lay the foundation. "Fund investment and management is an important channel connecting capital market and real economy, and also an effective tool for industrial mergers and acquisitions and industrial chain integration." With the improvement of China's multi-level capital market construction and the maturity of industrial mergers and acquisitions and industrial chain integration, Future Fund investment and management market capacity will be further expanded, billion city shares, if implemented in place, will be able to successfully share the fruitful development of the industry. "The analysts said.