Shanghai New Plum says he is discussing cooperation with COFCO

NetEase Finance July 15 News shanghai New Plum Thursday Evening Notice said, the company's stock three consecutive trading days, the value of the closing price is up to 20%, is a stock trading abnormal fluctuations. Shanghai New Plum said that the company is currently negotiating a holding subsidiary of Shanghai New Orchid Real Estate Development Co., Ltd. and COFCO Investment Co., Ltd. cooperation matters, the specific mode of cooperation is still in the planning, the company's other business activities are normal.　　In addition, the company in the next three months, the company does not exist in the overall transfer of equity, Non-public offerings, asset injection and other issues affecting the company's stock prices abnormal fluctuations. The market's restructuring of Shanghai's new plum is expected to be high.　　Prior to this, Shanghai new plum in the strength of the flourishing group, after a large-scale asset replacement, has acquired the Shanghai new Plum Real Estate Development Co., Ltd. 90% of the equity and Shanghai New Orchid Real Estate Development Co., Ltd. 51% Equity, become a very strong local real estate development enterprises in Shanghai. Not commensurate with the status of large shareholders, Shanghai new Plum performance is mediocre, currently in the development of fewer projects, and cash flow shortage, the financial situation is not optimistic. In addition, the Shanghai New Plum this year quarterly show, star fund manager Wang Yawei in charge of the Chinese market heavy warehouse holding 2.5 million shares, making the market for the company's restructuring is expected to heat up.