Binjiang group 1.75 billion yuan increase two company

Riverside Group (002244.SZ) issued a notice, the Board agreed to two wholly-owned subsidiaries of the total increase of 1.75 billion yuan.　　One of the wholly-owned subsidiary of Hangzhou Binjiang East Real Estate company to increase the capital of 900 million yuan, to Hangzhou Shuguang City real estate company to increase the capital of 850 million yuan.　　The company said that the increase will further enrich the capital of two subsidiaries, so that the Golden Dawn project and Shuguang City project smoothly implemented according to plan. November 17, the company's second board of directors at the 22nd meeting decided to Hangzhou Binjiang East Real Estate Development Co., Ltd. (hereinafter referred to as "Riverside East Company") increased capital of 900 million yuan, after the completion of the investment, Riverside East Company registered capital of 950 million yuan; decision to Hangzhou Shuguang City real Estate Development Co., Ltd.　　Shuguang City Company ") increased the RMB 850 million yuan, after the completion of the capital, the dawn of the city of the company's registered assets of 900 million yuan. At the same time, the company's second board of directors 22nd meeting agreed that the company to Hangzhou New Town Times Square Real Estate Co., Ltd. November 10, 2010 registered capital of 20 million yuan for the valuation basis, at 1:1 of the price, by letting Zhejiang Hao housing construction and Development Co., Ltd. held Hangzhou New Town Times Square Real Estate Co., Ltd. 49% Equity, 9.8 million yuan.　　After the completion of this acquisition, Hangzhou Xincheng Times Square Real Estate Co., Ltd. will become a wholly owned subsidiary of the company. Riverside Group closed at 10.27 Yuan yesterday, Rose 0.49%.