Liqin to reduce the cumulative cover of Kowloon Mountain is about 229 million yuan

Every reporter Cao Yuanyuan Shanghai Jiulong Mountain Co., Ltd. (600555,SH) (hereinafter referred to as Kowloon Mountain), chairman of Liqin, has been trying to build a Kowloon Mountain tourist resort.　　Last month the company also passed plans to accelerate the development of three major tourism real estate projects.　　Yesterday, the Kowloon Mountain issued a few announcements disclosed that from February this year to June 5th, Liqin A large number of shares, the cumulative amount of cash is about 229 million yuan.　　The news also allowed investors to link the lack of money to the development of the Kowloon Mountain Resort.　　February 3, 2009, Kowloon Hill External Disclosure, Liqin owned by the Zhejiang Jiulong Mountain International Tourism Development Co., Ltd. and other subsidiaries, at the same time by the Japanese Pine Hillock Co., Ltd. (hereinafter referred to as Japan Pine Gang) 88.38 million shares of Kowloon Mountain B and 66.25 million shares in Kowloon Mountain. Up to this point, the proportion of total Liqin control company Equity is 66.41%. Since then, Liqin has started a 4-month reduction package through four subsidiaries. On the one hand, from the two-tier market to sell Kowloon Mountain A total of 20.87 million shares.　　In addition, a total of 22.58 million shares have been sold through the bulk trading platform, with a total reduction of 43.45 million shares in 4 months. According to the announcement, reduce the price range of a shares in 3.98~7.95 Yuan, B shares of the reduction interval in 0.44~0.54 dollars.　　According to the median price, liqin in this round of the reduction process in total set is now about 229 million yuan. So where did the huge sums of cash go? Yesterday, Liqin in the "Daily economic news" in an interview explained: "Because now the ratio of higher shareholding, so there is such a reduction." The cash will also be invested in the development of the listed companies for the project. As a result, more and more people are involved, and the company's projects are easier to do. "For the outside world most concerned about the project investment capital problem, Liqin said:" There is no problem, there are many cooperation projects are in negotiations, probably not more than two weeks will be issued relevant announcements.　　"At the same time as Liqin, a large shareholder of the former company, Japan Pine Post announced that, in view of the Kowloon Mountain Coast Tourism Real Estate project and the future of the company's development prospects, in a large transaction, in order to 0.653 U.S. dollars per share of the price of Kowloon Mountain shareholder Resortproperty Holdings of 28.5 million shares in the It seems that the Japanese pine has done a losing business.　　2007, the Japanese Pine hillock at 25.63 million U.S. dollars and 218 million yuan of the price of all the transfer of its shares in Kowloon Hill. "At that time because the economic environment is not good, Japanese shareholders are also unsure of the market, anxious to ask for money." Liqin the transfer of all shares to the "floor price" of the Japanese Pine gang. "The investment climate is different now, with the establishment of the Shanghai Financial Center, and China's domestic demand-boosting plan, the Japanese shareholders have gradually regained their confidence to invest in China." "As to whether it will continue to reduce the problem, Li Qinff frankly," from now on all aspects are not clear. But thereWhen shareholders have too much concentration, there will always be selfish. ”