Black Peony to build the resource integration platform of Changzhou new North District

Sign 5.5 billion Land development agreement black Peony Recent bursts of notice, first signed two development commissioned agreement, and will raise investment project total investments up.　　It means that Changzhou hi-tech Development Zone (Group) Corporation ("Often high and new"), the company entered the land level of the pace of the market to move forward, but also marked the black peony in the new North District of Changzhou resource integration platform on the road more and more certainty. Signed the two contract with the government 22nd, said that the black peony on May 21 with the new North Land Reserve center of Changzhou City, Changzhou City, the northern city of high-speed rail (high-speed rail civil war) area of land development commissioned contract. Contract, Black Peony is responsible for the contract of the marked land of about 17.5 square kilometers, mainly residential, commercial, office. The total amount of investment in the prophase development of core plots is about 5.5 billion yuan.　　And the company will receive the following benefits: The plot land development Total cost of 10% of the project proceeds, and with the district government, the CMC to the land transfer net income according to the proportion of 50%?50%. At the same time, the company also signed with the new Bei District government, "New North District Wan Qing fertile land project construction commissioned agreement." Black Peony to undertake the project involved in demolition, resettlement and land consolidation, infrastructure construction work, the project area of 1538.10 hectares.　　The company can obtain the project construction cost 10% of the project proceeds. To increase the total investment of the project to 6.96 billion of these two development commissioned agreement signed with the company prior notice docking. March 5, the company announced that it intends to be no less than 12.11 yuan/share, to not more than 10 specific investors issued no more than 300 million shares, raise funds not more than 3.8 billion yuan, investment in the land level market. After the detailed calculation, the total investment of the investment project increased by 160 million yuan to 6.96 billion yuan.　　The above-mentioned projects include the early development project of the High Iron section of the North New Town and the construction of the fertile farmland project.　　In addition, the black Peony also announced that the SFC approved the exemption from the high and new companies due to increase the company's 86.894 million shares in the takeover obligation. Closely follow the planning outline of the Changzhou government at the same time as the black Peony enters the land level market, the Government also exerting force. According to the 11th five-year plan of the Changzhou, the new Bei District is the new city of Changzhou key construction, which is defined as the newly municipal administrative center to realize the development goal of "high and new technology intensive area, New-type Industrial Park, modern urban district".　　The controlling shareholder of the company--------------------------------Bei District In the March 5 announcement, Black Peony also said that the Non-public offering is a major asset reorganization of the continuation and development, will further enhance the previous major asset reorganization of the new urban integrated function development Business, enhance the company's urban development business scope and business depth.　　It will also help the successful development of the investment project, and it is expected that the investment project will gradually increase the profit contribution to the company in the next few years, and enhance the company's profitability. On the secondary market, black PeonyFriday bottoming out after the rally, the week a rally of 7.61%, yesterday, the trend was red, 10.51 yuan, Rose 1.84%. In the first quarter, five public offering funds, such as Ka Real, Xinhua, have put up or new moves, the average price is 13.56 yuan. With the stock's downward trend since April, institutions have lost nearly 30% per cent of their shares.