Nanning department store directed additional 700 million acquisition of commercial property

NetEase Finance February 22, Nanning Department store 22nd announcement, to be directed to raise more than 706 million yuan to buy Nanning Standard special Step Real Estate Development Co., Ltd. is located in Nanning Xixiang Tong District University Road 98th, 第3-5 Floor, Zone B, 第1-5 commercial property,　　Total construction area of 49,900 square meters, the acquisition price of 640 million yuan.　　Nanning department store said that the number of non-public offerings is not more than 80 million shares (including the number), of which the single investor subscription limit of no more than the number of this issue 30%, the issue price is not less than 8.26 yuan/share, raise capital of not more than 706 million yuan. Nanning department store said that the company bought the commercial property as a business site, the construction of large shopping malls, conducive to the company's business network strategic layout, in line with the company's development strategy planning.