The Housing Enterprise directional additional issue again frustrated suning world to cancel 4.3 billion additional plan

On the evening of July 8, Suning Global issued a notice announcing the cancellation of the company's 2009 4.269 billion-yuan directional issuance program.　　This is also the real estate policy since the implementation of this year, the fifth announced to abandon the targeted increase in the plan of the listed housing enterprises, but also after the Chinese industry after the second week after the announcement of a new plan to abandon the listed housing enterprises. The current price is lower than 30% suning Global helpless to withdraw the notice that August 10, 2009, the company 2009 the first provisional general Meeting of shareholders to consider the adoption of the company's non-public offerings of shares of the refinancing scheme, the lock issued a reserve price of 13.40 yuan/share. Subsequently, affected by the economic environment and policy changes, the capital market real estate sector adjustment is significant, the company's share price has been significantly reduced, has been unable to implement the financing plan as planned.　　In view of this, the board of Directors of the company intends to agree to withdraw the 2009 Non-public offerings, and to submit the bill to the first meeting of the provisional Shareholders in 2010 for consideration. According to the July 8 suning World closing price of 9.06 yuan/share calculation, and the gap between the additional price has reached 32.4%, want to return to the prices above the issue is indeed more difficult.　　Moreover, the State for the real estate industry regulation and control policy in the short term has not been possible, so the abolition of the additional financing plan is also helpless. In addition to Suning World, Shimao shares, Icecrown Chase, China Industry real estate, investment real Estate 4 listed companies have also announced the cancellation of last year's non-public offering program. In August last year, the proposed increase of 28.12 yuan per share of China Merchants Real estate, a one-time increase in prices to 20.6 yuan, but the stock price continued to plunge, only to announce the cancellation of additional issuance.　　May also see this, Suning world did not choose to lower the price of additional, but directly choose to give up. Additional road Inequality fund chain is now understood, as early as the end of 2008, Suning World on a directional additional, to be used for "Venice Shuicheng" 3 projects, Pudong Building project and "Days Run City" 4 and other project construction. But because of the big bear market, the company at that time through the issue only raised 674 million yuan, more than the original plan shrank by more than 80%, resulting in many projects can not be implemented.　　So after the 2009 Suning Global unveiled its new financing plan, analysts pointed out that it was mainly to complete the unfinished task at the end of 2008. July 21, 2009, Suning Global issued a targeted additional plan, intended to be 13.40 yuan per share of the issue price, to not more than 10 institutional investors directed additional no more than 380 million shares, the amount of fund-raising will not exceed 4.269 billion yuan, mainly for investment companies under the 8 real estate projects.　　including Nanjing "Venice Shuicheng" 3 9, 10 block project, "Venice Shuicheng" 13, 14, 15 block project, Tian Hua Green Valley a group project and Jilin "Days Run City" 3, 4 blocks and other projects, the total investment of up to 6.537 billion yuan, including this time not more than 4.269 billion yuan to raise funds. In this regard, the industry analysts think that SueNanjing Global plan to raise investment in most of the projects have already started construction, although the follow-up funds can not keep up with the expected progress, the project revenue has not yet appeared, but this will be the future of Suning world's biggest aspect.　　And in this year almost all of the listed housing enterprises are difficult to achieve the background of directional additional, decisive cancellation of the targeted issue can also allow the company to arrange follow-up planning as soon as possible. And from its quarterly 2.109 billion yuan in the end of cash and cash equivalent amount of money, Suning Universal funds are also abundant.　　According to the 2010 Quarterly report, Suning Global business receipts amounted to 830 million yuan, an increase of 112.04% per cent, the net profit of the listed company shareholders 179 million yuan, an increase of 58.28%. In addition, the real development, love to build shares and Wanfang real estate, the gap between the current share price and the additional price is over 40%, Riverside Group, Beijing Construction and other shares of the price spreads also more than 30%. Industry is expected to be the next to remove the targeted issuance scheme of listed housing companies are likely to be produced in these firms.