Cofco Property wants to sell Jinrui Futures Stakes

In Saturday, the Chinese grain property issued a notice that will be listed in the near future to sell the stake in Jinrui Futures.　　It is understood that Jinrui futures by Jiangxi Copper Group (hereinafter referred to as "Jiangxi Copper Industry") and Cofco Real estate in 1997 to set up a joint venture, of which Jiangxi Copper shares 46%, Jiang Copper South Corporation accounted for 44% shares, Cofco Real estate accounted for 10%. According to the announcement, Jiangxi Copper Industry intends to invest 234 million yuan on Jinrui futures to increase capital, thereafter, Jinrui futures registered capital will be expanded from 100 million to 204 million yuan. Cofco property does not participate in the increase in capital, holding Jinrui futures will be diluted from 10% to 4.9%. After the completion of the replenishment, Cofco Real estate will be listed on the transfer of Jinrui Futures Stakes.