Shanghai home Reform program reported at the end of the month

NetEase Financial March 14 News Shanghai Home Reorganization matters have the latest progress.　　According to the sources close to the SASAC today, NetEase Financial editor revealed that the specific restructuring of the Shanghai home is being tightened up, the plan is to report to the Shanghai municipal government before March 31, and then issued a notice.　　Earlier, the Shanghai home of the United Co., Ltd. March 1 issued a notice that its controlling shareholder of the group's restructuring direction has been approved by the Shanghai municipal Government, the specific program is being formulated by the relevant departments. NetEase Financial Editor Wired Shanghai Wenyao Chairman of the company, but was transferred to the Secretary.　　The details of this particular proposal are unclear, the source said, and the statement by the FT as a "potential bidder" was not accurate. It is reported that Wenyao on March 1, said, "The equity of the matter no new situation, certainly did not decide which, outside the legend are inaccurate." is still the content of the announcement. "The above people said to NetEase finance, the current reorganization of the specific program is still in the process, not yet to determine the buyer stage." "After the approval of the Shanghai Municipal party committee, it will have to wait for the approval of the SASAC, after the home group launched a specific audit evaluation of assets." Under normal restructuring procedures, after the asset evaluation is completed, will be publicly listed, to conduct due diligence on potential investors. After this sequence of procedures is completed, we can finally determine who the buyer is. March 1, the FT report said, "under the restructuring plan to take effect in 4 May, the Shanghai municipal government's holding company will sell the Shanghai home ownership shares and some other assets." Potential bidders include CIC, China Peace, and Temasek, Singapore's government investment Agency (Temasek). "This round of sales is expected to bring 7 billion yuan in Shanghai."　　The report also said that the sale of assets, in addition to the home group held in Shanghai home ownership, but also includes a resort hotel and other assets. "I didn't say anything to them [the FT]," Wenyao said of the report. "Responsible Editor: NF058