Shandong high Speed 1 billion yuan to raise real estate business

After the recent announcement of the acquisition of controlling shareholder 7.5 billion Yuan road production, Shandong High-speed (600350) in the real estate sector has made big moves.　　July 10, the company announced to the wholly-owned subsidiary of Shandong High Speed Investment Development Co., Ltd. to increase investment of 1 billion yuan to promote with the Greentown Real Estate Group Co., Ltd. in the field of real estate cooperation. Announced that the company on the Xueye Lake International Resort project, Jinan West New Town real estate development and Jinan urban land development projects carried out a feasibility study, decided to use their own funds in cash to increase investment in high-speed investment of 1 billion yuan,　　By the investment company through the establishment of the project company or acquisition of equity and other means to participate in the above-mentioned real estate projects, such as land maturation work. February 8, 2010, Shandong high-speed Board of directors considered the signing of a strategic cooperation framework agreement with Greentown Group.　　The two sides take joint investment to set up the project company as the management platform of the cooperation model, the specific scale of investment, the proportion of the contribution of the two sides in accordance with the specific project conditions negotiated. Industry insiders said that the Shandong high-speed investment in high-speed investments, is intended to further bigger and stronger real estate business, and its cooperation with the Green City Group development model, will give full play to both sides of the brand, capital and management advantages, so that the company quickly enter the high-end real estate market, expand the pattern of diversification. The company currently operates real estate projects of superior natural conditions, good prospects, is expected to contribute to the company's profits in the future.