Dumas shares suspend injection of real estate assets

Real estate regulation of the heavy blow not only affected the housing enterprise refinancing, but also the plan into the real estate assets listed companies.　　Dumas shares yesterday announced that, in view of the current real estate market under the influence of national macro-control, the board of directors decided to suspend the issue of shares to buy assets and associated trading scheme proposals. Previous plans show that the Dumas shares are intended to be 6.73 yuan/share to include its controlling shareholders, including its 5 specific objects issued no more than 650 million shares to acquire the estimated value of about 4.29 billion yuan in real estate assets.　　After the completion of the transaction, the company will have the total planning area of 4.11 million square meters, conducive to the rapid expansion of real estate business. It is understood that Dumas shares has now formed a real estate development and special-purpose vehicle production two main industries common development of the industrial structure.　　Last year's annual report showed that the company's real estate business to achieve sales of 210 million yuan, accounting for the main business income of 25.72%. But the real estate sector, which is under pressure to adjust, is no longer a "sweet pastry", analysts say, based on cautious expectations of the future of property, some companies have slowed the pace of property expansion. At the same time as the two-tier market real estate sector performance is relatively weak, developers refinancing will also face many tests.　　Recently, such as China Merchants Real estate, real estate and other companies have abandoned real estate projects of the issue of additional programs.　　As a matter of fact, the original reorganization motion of Di Ma shares was also questioned by the market. It has been reported that according to the 2009 Annual report, the net assets of the Dumas shares are only $1.034 billion, and the proposed asset account value of up to 2.1297 billion yuan, the estimated value is about 4.2901 billion yuan, the value-added rate of 101.45%, if the estimated size of the proposed acquisition of assets is 4 times times their own. At the same time, because the Dumas shares through the acquisition of housing enterprises to obtain most of the land in the early stage of development, short-term income can not be generated.　　Even if the issuance is successful, total equity growth will soar by 90%, and short-term gains are likely to fall sharply. Affected by the news, Dumas shares yesterday low opened and low, the price of 5.01 yuan, down 3.47%.