Guangyu Group lowered reserve price

Housing companies to reduce the price of targeted additional new cases.　　The Guangyu group announced today that it intends to extend the effective period of the resolution of the directed additional general meeting for 1 years, and will transfer the reserve price to 5.71 yuan/share, down by about 21%. July 22, 2009, the Guangyu group Provisional shareholder meeting passed the motion on directional additional issuance, the resolution expires on July 22, 2010. The company said today that in order to ensure the smooth conduct of the non-public offering, it is agreed to extend its validity for 1 years.　　In addition, the company to the board resolution Bulletin Day as the benchmark, the fixed price of the directional additional, for 5.71 yuan/share, the number of proposed shares is still not more than 125 million shares, plans to raise capital of 900 million yuan. According to the Guangyu group disclosed last June, the directional additional plan, the Company intends to be not less than 7.22 yuan/share price, directional additional no more than 125 million shares, raise funds not more than 1.1 billion yuan for the Upper East Territory, on the east of the goods, on the East Building 3 real estate projects and supplementary company liquidity. January 16 This year, the Guangyu Group board decided to adjust the directional issuance scheme, the abolition of the use of not more than 200 million yuan to raise funds for supplementary liquidity projects, adjusted the total amount of the proposed capital into 900 million yuan.