The large shareholder of deep property intends to realize the pledge of share reform by means of asset replacement

Since June 22, Shenzhen Property Development (Group) Co., Ltd. (hereinafter referred to as Deep property, 000011) issued a notice yesterday, the company's major shareholders to be replaced by the way to achieve its injection no less than 500 million yuan of high-quality assets of the reform commitment. The scheme provides assets valued at $306 million for the proposed valuation of about $336 million in quality assets. About $164 million of the start-up part of the amount (that is, 500 million yuan minus 336 million yuan) to carry out 20% cash compensation method.　　Shares of Deep property will be licensed today. According to the information, the Deep property reform program was approved by its shareholders ' meeting on October 21, 2009, In addition to the clear Shang, Shenzhen Investment Holdings, a large shareholder holding its 63.72 stake, has pledged to inject assets, not less than 500 million yuan, containing land resources, in a lump sum or in batches, through substitution or other lawful means. The company's announcement is an action to fulfill the promise for major shareholders.　　The announcement said that the successful implementation of the reorganization, the above cash compensation, deep investment in the company's share reform commitment to the asset injection obligations that are fully discharged. According to the announcement, deep investment and control of the assets to be injected into the Moon Bay t102-0237 block and Shenzhen City Deep New Taxi Co., Ltd. 100% of the stake, from the deep properties of its freshwater property city stores and holding subsidiaries Shenzhen Imperial Real Estate Co., Ltd. owned by the Imperial Plaza and Imperial Regency part of the shops.　　The estimated value of assets and assets is 336 million yuan and 306 million yuan respectively, and the difference is made up of cash. This means that the deep property also needs to pay a deep charge of 30 million yuan of cash to complete the replacement. On the contrary, due to the failure to meet its commitment to inject $500 million in assets, the deep investment and control position will provide 20% cash compensation and about $32.8 million for the amount of the restructuring which is about $164 million.　　From this calculation, in addition to the replacement of 336 million yuan of assets, deep investment in the actual only need to take out about 2.8 million yuan can be completed its injection of no less than 500 million yuan assets of the share reform commitment. However, the announcement also highlighted the profitability of the proposed assets. The announcement said that The 2009-year operating income of the shops in the city Plaza and the Imperial regency of the fresh water property is only 878,400 yuan; only deep New Taxi Co., Ltd. 2009 operating income has reached 23.5938 million yuan, as for the Moon Bay t102-0237 Massif, is considered to be able to make its real estate development business ability "Effective Ascension".