Southern International won the shares of Guangdong Pearl Group vice President 40%

South International (01176) or by Rong Tak investment 0.1 yuan per share of the total purchase, holding the investment 60% and the chairman of the Liu Teng, is now the vice president of Guangdong Pearlescent Group, the company is mainly engaged in real estate development business in China. South International this morning, the stock price soared, 1.45 yuan, 42.16.　　The current price is 1.28 yuan, an increase of 25.5% and a provisional turnover of more than $120 million.　　0.1 yuan per share than the company before suspension of the closing price of 1.02 yuan per share a large discount to 90.2%. Southern International announced that the financial investment (acquirer) to shareholders Xiang Jiafa and Zhang Su conditional acquisition of 665 million shares (40.76%),　　The cash cost of 66.528 million yuan, equivalent to 0.1 yuan per share, the other acquirer at the same price subscription 637 million shares of 63.682 million yuan, the net amount of 62 million yuan for general operating funds. If both are completed, the acquirer will hold a total of 57.39% South International and routinely the proposal for an unconditional mandatory cash purchase at $0.1 per share, and intends to maintain the status of the listed company and change the company name. If the purchase is completed but the subscription is not completed, a conditional mandatory cash purchase proposal will be made at $0.1 per share.