Gree Real Estate Cut additional prices

Source: Internet
Author: User
Gree Real Estate (600185) July 13, the company adjusted the 2010 non-public distribution of the benchmark date to July 13, the price of the issue was also lowered, the collection of funds is still 1.6 billion yuan, the total number of non-public offerings from the previous no more than 120 million shares to 200 million shares. Gree property prices fell from about 12 yuan in January to the current shortfall of 10 yuan.  The price of Non-public offering has also been lowered to no less than 7.94 yuan/share. In addition, the company passed the resolution, agreed to the company under the holding company Zhuhai Gree Hong Kong Pearl Island Development Co., Ltd. to the Bank of agriculture in Zhuhai as the lead Bank of the consortium to apply for project loans or joint loans to apply for project loans, the total loan is no more than 2.1 billion yuan, and the loan is for the construction of the artificial island reclamation at Zhu-AO Bridge.

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