Quentin A to set up to add to the new Southwest business

More than a day of the suspension of Quentin A (000560) announced today, to the Southwest Commercial Building Co., Ltd. to issue shares, to buy its holding of Kunming New Southwest Trade Co., Ltd. 100% of the equity. According to the Non-public offering scheme, the Non-public offering price is 10.47 yuan/share, the issue quantity is not more than 32 million shares, and the proposed Southwest commercial building holds the new Southwest 100% stock rights estimate of about 320 million yuan. As of September 30, Huaxia Western Economic Development Co., Ltd. holds the shares of a31.13%, as the controlling shareholder of the company, while holding the southwest commercial building, while the wholly-owned subsidiary of Southwest Commercial Building and the new Southwest and Kun hundred A are all commercial enterprises located in Kunming, and there are competition problems in the same trade.　　This is a non-public offering to buy the new Southwest 100% Equity, it is to eliminate the competition. Public data show that the main business of the new Southwest is commercial retailing, the major assets are "new Southwest Square" and money capital of about 100 million yuan, located in Kunming City Center Youth Road shopping District, positioning in the city family leisure and entertainment shopping center, is the first modern shopping center in Yunnan province, the total property volume of 72,000 square According to the location advantage and the property condition of the Kunming City Center in the new Southwest Plaza, the large shopping mall is positioned in the city shopping center, which integrates shopping, leisure, catering, entertainment, fitness and so on as the core of urban white-collar.　　According to the project positioning and the requirements of the shopping mall, a comprehensive combination of business planning and property planning. As of September 30, the new southwest total assets of about 710 million yuan, net assets of about 300 million yuan, the first 9 months of this year, the new southwest to achieve operating income of about 39.159 million yuan, to achieve a net profit of about 6.951 million yuan.　　The income model of the new Southwest is divided into the form of rent, because with the majority of merchants signed a long-term increase in the stable lease contract, so the day-to-day operating income has a relatively stable growth of protection. Quentin A says Company's existing commercial business area of about 75,000 square meters, such as injection of new Southwest Plaza 72,000 square meters plus the construction of Kunming Chenggong Metro Business Center 100,000 square meters, Kun hundred a commercial area will reach about 250,000 square meters, listed companies will be built into a very reasonable commercial layout, market competitiveness will be greatly enhanced.