China Baoan Transfer Heng An investment company expected to benefit 450 million

September 24 evening, China Baoan (000009, shares bar) (000009) announcement, September 22, the company and subsidiary company Wuhan Baoan Real Estate Development Co., Ltd. (collectively, "Equity Transfer Party") and Wuhan Jarred Investment Development Co., Ltd., Hubei Guang-Hong Real Estate Co., Ltd. and Jinzhou Xin Hua Logistics Co., Ltd. (collectively, "Equity transferee") signed the "Equity transfer Agreement", the agreement agreed that the transfer of shares in the ownership of Wuhan Heng an Investment Co., Ltd. 100% Equity transfer to the transferee, the transfer of the total price of 600 million yuan,　　Including the transfer of shares of 542.5901 million yuan and equity transferee on behalf of Wuhan Heng ' an company to repay the company's arrears of 57.4099 million yuan. As at September 24, 2013, the company has received the equity transfer of the right to pay the total purchase price of 569 million yuan (including deposit 60 million yuan). Baoan, China, said the sale of the Wuhan Heng ' an company's equity, is to revitalize the company's stock assets, adjust the industrial structure, improve profitability.　　This transaction is expected to generate about 450 million yuan of revenue. (Securities Times News Center)