Sunshine City plans to revoke 1.5 billion additional plans

Yesterday night, Sunshine City issued a notice that will be suspended from today for three days, in addition to the disclosure of the report and profit distribution plans, the proposed 2009 will be abolished not more than 1.5 billion yuan in the private issue of the motion.　　According to the disclosure of the July 20, 2009, in order to deal with the slow economic growth situation, sunshine City to not more than 10 investors in accordance with the price of not less than 21.58 yuan, no more than 75 million shares, not less than 30 million shares, to raise not more than 1.5 billion yuan, the construction of 4 real estate projects. Now the bill has been passed for more than a year, according to project planning, one of the 4 projects is nearing completion, the issuance of additional programs has been delayed. Sunshine City in the middle of April this year to implement the 10 to 10 profit distribution scheme, the additional price of the corresponding diluted to 10.79 yuan.　　Last Friday closing price of 14.59 yuan/share, did not break, is suddenly withdrawn plan, unavoidably let people doubt. In the issuance plan, Sunshine City has said that if the scheme can be implemented smoothly, the ratio of assets and liabilities will be reduced from 74.49% to 48.06%. According to a quarterly bulletin in 2010, Sunshine City not only obtained up to 12.75 times times the Year-on-year net profit increase, and the ratio of assets and liabilities fell to 64.19%, and expected the first half of this year, net profit will increase nearly 30 times times, to 90 million yuan. According to the speculation, Sunshine City to remove additional plans or due to project funding problems have been internally digested.