Hualian shares proposed to raise 1.65 billion of additional funds

Hualian shares in the disclosure of non-public offerings today, proposed to raise capital of 1.65 billion yuan for equity acquisition, own property project construction and transformation of a total of 10 projects. Hualian shares in the private issue of the number of shares of not more than 245 million shares, the issue price is not less than 6.75 yuan/share, the total amount of funds collected about 1.65 billion yuan, net amount of not more than 1.613 billion yuan. The company intends to use one of the 592 million Yuan acquisition Beijing Hualian Group held Beijing million trade limited liability company 60% Equity, the equity valuation value of 809 million yuan. The remaining funds are used to build 3 of its own shopping centre assets (including repayment of the entrusted loan of 190 million yuan) and the construction and renovation of 6 rental shopping centers.　　The company acquired the million-trade home ownership, for the major shareholder Hualian Group to fulfill its commitment to eliminate potential peer competition. This directional additional and equity acquisition, after the completion of the property reconstruction, Hualian shares operating shopping malls will reach 21, including 8 of its own property, leasing 13 of the property.