SOHO China: Timing or arrival

In response to recent changes in the real estate market, Soho China (00410.HK) Chairman Pan Shiyi said in a media interview that now is a good time for developers to increase land and project reserves, Soho China plans to increase the strength of the project acquisition.　　If the May 27 announcement of the smooth implementation of the bond financing, Soho China will be able to use the money money would reach 23 billion yuan. Pan Shiyi revealed that Soho China has been interested in the acquisition of the main location in Beijing and Shanghai, and these real estate projects in line with the company's business development model.　　He believes that this year, the local government revenue has fallen, the introduction of high-quality land for "strokes" opportunities will increase; At the same time, some real estate companies, foreign investment banks because of tight funds, may also sell the project, which is a good time Soho China purchase. May 27 Soho China announcement, the company plans to issue a total of HK $2.8 billion convertible bonds, the bond interest rate of 3.75%, the annual period of five years. After deducting commission and administrative fees, the net amount of the bond issue is estimated to be about HK $2.74 billion, which the company plans to use for general business purposes and potential strategic acquisitions to meet the needs of day-to-day operations and acquisition expansion. (Lin?)