Century star source 200 million acquisition Wing Ding real estate or float surplus 20%

Century star source to buy Chongqing Wing Ding Real Estate Co., Ltd. 100% Equity, layout Chongqing market.　　According to the reporter understands, the company this acquisition cost is lower than the related real estate market sales average price, the difference space exceed 20%. Company announced today, June 6, the company and Chongqing Wing Ding Real Estate signed a framework agreement on equity transfer. The company will be 70 million yuan to acquire 100% stake in the property and related debt. The equity acquisition of the transaction on the price of 70 million yuan, and the debt and contingent liabilities will be based on audit and evaluation results to be approved. The book value of the related debt and contingent liabilities is about 138 million yuan, the statement said.　　In this calculation, the total price of this acquisition is about 208 million. Press access to public data show that Chongqing Rongding has developed "Rong Ding Yuan", "Rong Ding International" two projects. "Rong Ding Yuan" is located in the Zhongqing Stone Road 162th, is an affordable housing and shopping malls project, the total construction area of about 140,000 square meters. "Rong Ding International" is located in Zhongqing North New High-tech Park K23, is a hotel, apartment, residential as one of the high-end comprehensive property, the total construction area of about 135,000 square meters. Two projects are now open for sale, and some properties have been sold. As at May 31, 2010, the "Rong Ding Yuan" project has completed the construction area of 37,400 square meters of property has not been sold (of which the commercial use of unsold property area of about 20,800 square meters, the remaining area of residential and garage).　　"Rong Ding International" project has been completed in the building area of 15,500 square meters of property is still not sold (of which commercial use of unsold real estate about 6422.53 square meters, the remaining area of residential and garage). If the total price of 208 million calculation, Century star source acquisition cost is 4000 yuan/square meters, the reporter learned from the relevant channels, the two items of the market average price is not less than 4800 yuan.　　The company will gain more than 20% of the proceeds. The company said that if the acquisition succeeds, can expand the company's business real estate business, in order to enter the Chongqing market lay the foundation.