Tai Lung real Estate plans to raise additional funds 800 million

Big Dragon Real Estate (600159) 21st announced that the plan to 11.33 yuan per share of the price directed additional than 70 million shares, raise capital not more than 800 million yuan, of which, 650 million yuan for the "West Hall" project, the rest of the company to supplement the liquidity. According to the company's Non-public offering plan, the total investment of the "West Guild" project in Wangfujing is estimated at 113,975 200,000 yuan, and the plan covers an area of 10,640 62 square meters with a total construction area of 73,000 square meters. Project is located in Dongcheng District, Beijing Wangfujing Street Huang Tugang rebuild community, construction of the north side of Wangfujing Hotel, the south of the World department store, east of Wangfujing Street, west of the 15-meter red line planning road. The company said that the total sales revenue of the project amounted to 200,750, 0 yuan, the total pre-tax profit of 56,651, 890,000 yuan, pre-tax investment profit margin of 49.71%, net profit of 42,488 yuan, investment net profit margin of 910,000, sales net profit margin of 37.28% %。　　The project has now completed the relocation of land, will commence in the second half of 2009, is expected to be completed in December 2011. Big Dragon Real Estate performance announced on the same day, due to the company's pre-sale of the Yulong Garden project in the three areas carried forward by June 30, 2009, sales revenue has increased significantly, the first half of the net profit growth over 3,000% year-on-year.