Island construction 450 million yuan acquisition of major shareholder hotel assets

China Securities Network (reporter Shang) island construction (600515, share bar) September 24 evening Notice that the company will be in cash acquisition of the controlling shareholder Island Construction Group and the affiliated party of the two districts holding the guesthouse 64.42% and 35.58% respectively, the transaction price of 450 million yuan. According to the briefing, the Guest house on June 21, 2007 by the Hainan high-speed (000886, shares bar) Highway Co., Ltd. and the Hainan Province Authority jointly financed the formation of a business, catering, conference as one of the reception-oriented hotels.　　According to the audit report, guesthouse as at the end of 2012 total assets of 414.8232 million yuan, net assets of 272.1614 million yuan, 2012 annual operating income of 89.3075 million yuan, net profit of 10.2815 million yuan. Island Construction, said the company's main business for retail stores, hotel industry, the acquisition of Guest House equity can further enhance the company's hotel business, enhance the company's comprehensive industrial and operational performance, in line with the company's business and long-term strategic development needs.