Shimao shares reorganization specializes in commercial real estate Xu Rongmao still as control person

"Shimao" to solve the competition Xu Rongmao is still the actual control person yesterday, Shanghai real estate tycoon Xu Rongmao two listed companies Shimao Real Estate (00813.HK) and Shimao shares (600823.SH) respectively announced the success of the restructuring of the company.　　After two years of planning, through directional additional purchase of the parent company's other three brothers of the company's assets, "Shimao" competition to resolve, Shimao shares finally completed to the professional commercial real estate developers transformation.　　After the reorganization, Shimao Real Estate became the shareholding shareholder of Shimao, while the actual control of the two persons was still Xu Rongmao. Business Projects injected Shimao shares on the 17th evening Notice that the company to 12.05 yuan per share to Shimao Real estate under the Shimao BVI (commercial), Beijing Shimao, Shimao Enterprises, such as three of the total distribution of about 692 million shares. As the right price, in addition to the SHIMAO enterprises to 749 million yuan cash subscription 62.24 million shares, Shimao BVI (commercial) and Beijing Shimao respectively nine commercial real estate companies each 100% equity and Shimao Mansion assets, subscribe 558 million shares and 72 million shares.　　Shimao shares have completed nine of the target company's equity transfer to the company's relevant industrial and commercial registration procedures, as well as the Beijing Shimao Mansion transfer to the company's wholly-owned subsidiary company Beijing Shimao Property Limited. In addition, on May 4 this year, Shimao property has completed a capital injection of 750 million yuan to the company.　　As of May 13, the asset delivery and transfer, equity registration has been completed, the total share capital from 478 million shares changed to 1.171 billion shares.　　At this point, Shimao Real Estate will indirectly hold the 64.21% shares of Shimao shares, thereby holding the Shimao shares. The division of the two companies became clearer after the goal of becoming a commercial real estate leader was restructured. Among them, Shimao shares will gradually fade away from residential development, turn to commercial real estate (excluding hotels), while Shimao Real estate is mainly residential and hotel.　　Shimao shares said the issue solved the competition. According to the data, the company has successfully increased the commercial real estate project of about 4 million square meters after the directional issuance of additional shares.　　And in the previous April 29, the company and Qingdao Sio to 911 million yuan joint planning to build a 240,000 square meters of Qingdao commercial land, the company owns the plot 75% rights. 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 scale of less than 100,000 square meters of 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. The home and the hotel as its main business of the parent company Shimao Real Estate, a previous report by Citi, the contract sales since the beginning of the value of 7.8 billion yuan, is expected to reach the first half of the yuan 10 billion yuan.