China Plaza to achieve the two-h&m with the opening of the business, the Guangzhou the third largest shopping mall-Zhonghua Square after nearly 10 months of upgrading officially entered the end. In Thursday, the company on the external display of the market "investment adjustment" of the results, and held a high-profile two or three-storey opening ceremony. Company senior said, after the investment adjustment, in the original rental value based on the realization of the rental value of about 80%, and successfully completed the "jump" into the business of shopping malls. Increase in rental value probably in order to vigorously develop commercial operations, August 1, 2009, the company's shares to 132 million yuan annual rent under the lease of Guangzhou prosperous real Estate Development Co., Ltd. owned by the Chinese Plaza property, the total area of 58,300 square meters. It is understood that the Chinese square as a landmark in Guangzhou, geographical location and visibility undoubtedly, but there has been a flourishing tenants do not want to rent embarrassed. Until the sea-India shares received, its annual rent is only about 110 million yuan, monthly average of more than 150 yuan/square meters. At that time, its adjacent Popular Front line deal monthly rent has been more than 1200 yuan/square meters. Shao Jianming, chairman of the company, said to reporters earlier, "I will not do a loss business." Now it seems that his strategic vision has once again been favored by the market. After nearly 10 months of adjustment, Shao Jianming now High-profile announced that "the Chinese square on the original basis of the implementation of about 80% of the rental value upgrade." "According to the announcement of 22nd issued by the shares of the marine printing, as at May 20, 2010, signed 210 commercial tenants, rental area of 55,400 square meters, the lease period from three to 13 years, the future annual rent increase from 5% to 8%." The remaining area is under renovation and is expected to continue to introduce international fashion brands. Zhonghua Square is just a springboard. The shares of the China Plaza Project are estimated to be about 150 million yuan this year, as some floors have not yet been completed and the cost cannot be determined, so the profits from the company's contribution are uncertain. The company and some brands signed a "Guaranteed Rent + Performance Commission" lease contract, conducive to enjoy the future growth of business sales performance flexibility. As for the success of the China Plaza, Shao Jianming said this is a successful case of the anti-cyclical expansion of the shares in the international financial crisis, and is a springboard for the company to develop a shopping center. The future company will also take advantage of the opportunity to vigorously develop this industry, the realization of business operations leap-forward development. He said, compared to the 1.5 million square meters of Tianhe business Circle is a "big fat", there are already related projects in the negotiations. The issuance scheme has been submitted for approval however, despite the good results in the expansion, but the sea printing shares in the two market performance is not satisfactory. In the past one months, the company's share price has followed the market down 23.7%, the year line has broken, and fell to a minimum of 9.82 yuan this year since May 18. Industry insiders believe that, from the company's quarterly bulletin, starting from the four quarter of last year began to start a large set of positions, the first quarter still has 5 funds to enter, now look, the body quilt cover. Although the company issued a proposal has been submitted for approval, but there has been a failure in the market, underwriters were forced to underwrite the case. According to the rules of the past, there are listed companies have been forced to lower the price of additional or even cancel the issue of additional, at present, only waiting for the company to make whether the option of additional. If insist on additional, to the market warmer, stock prices are expected to appear to pull up opportunities.
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