Green View Real Estate transformation hotel operator

Green View Real Estate (000502) 29th disclosed the company's major asset restructuring program.　　The major assets reorganization, including asset sales and issuance of shares of the purchase of assets two parts: to the big shareholder Guangzhou Tian Yu to 340 million yuan to sell 7 subsidiaries, while the purchase of 140 million shares to buy HNA Hotel management company, such as three of the hotel company's equity. Green-view real estate said that because of the government's real estate control policy, the industry risk increased, the original development model is unsustainable, and the transformation of holding properties will help to avoid industry risks, to obtain stable returns.　　After the completion of the transaction, the green-view property will sell all the normal operation of the subsidiary stock and related business, focus on operating high-end hotels, office buildings, entrusted Management hotel, brand output and service consulting. According to the reorganization plan, first of all, Green view real estate to Guangzhou Tian Yu sold huadu Green View 90% Equity, Forsan 66.25% Equity, Heng da Guangzhou 80% Equity, Heng Far property 30% Equity, Guangxi Days, 100% Equity, Yongfu Beauty 100% Equity and Yongfu Green View 100% Equity,　　The above 7 companies share price is 34,376.50,000 yuan, Guangzhou Tian Yu to pay the price. At the same time, the green-view real estate to Hna home, HNA Hotel Holding Group Co., Ltd. issued shares to buy HNA Hotel management company 100% Equity, urban construction days Yu 100% equity and yanjing Hotel 45% Equity, the above 3 companies equity trading price of 151,287 yuan.　　The new shares are issued at the eighth session of the Board of directors at the eighth meeting of the April 1, 2010, the first 20 trading days of the company's stock price, that is, 10.77 yuan/share, the new shares of 140 million shares. Green-View Property said that the company is a real estate development enterprises, the development model for the "land-development-Sales", the company's existing projects in accordance with the plan at the end of 2011, if unable to obtain new land reserves, the company will face the plight of the development. In addition, due to the domestic and external environmental changes in the real estate market and the continuous introduction of state regulation and control policy, the market risk of real estate development is increased, while the operation of holding property can realize property appreciation through the whole operation, on the other hand, the holding property can bring steady and continuous cash flow　　Avoid the risk of unsustainable operation without land reserves. The announcement, almost all properties can be used as a holding property, but the return of higher ownership of the property is mainly in the high-end commercial properties, and the return of the holding property is closely related to the operator's ability to operate. In view of the green landscape real estate potential holding shareholders have many years of real estate development, hotel operation and management experience, and hold a number of hotels, office buildings, therefore, the green landscape real estate to be through this transaction, transition to focus on operating high-end hotels, office buildings, commissioned Management hotel, brand output and service consulting listed companies