Shimao shares complete additional changes to commercial real estate carrier

The Shimao shares announced today that over the past two years, the issue of the purchase of shares to specific objects has been completed. This issue to 3 specific objects of the total issue of 692.24 million shares, the issue price per share of 12.05 yuan. Among them: Shimao BVI (commercial) with its 9 commercial real estate companies each 100% shares subscribed 558 million shares, Beijing Shimao in its own Shimao mansion assets subscribed 72 million shares, Shimao Enterprises to 749.992 million yuan cash subscription 62.24 million shares.　　After the completion of the issue, the total assets of Shimao shares, net assets than before the issuance of a more substantial increase, the company's financial structure more reasonable, the ability to resist the risk of strengthening. Shimao shares said that before the release, the company's main business for the development of less than 200,000 square meters of residential projects and size of less than 100,000 square meters commercial real estate projects, the release is completed, the company will become a professional engaged in the development and operation of commercial real estate, one of the leading listed companies, The main business income will also be converted from residential sales income to commercial real estate sales income and rental income.