To reduce the issue price Gree Real Estate Restart directional additional

Gree Real Estate again start directional additional. Today's public, the board of Directors has considered the adoption of the "Regulation of the company to a specific target of non-public offerings of stock pricing base day and the issue of the number of bills, will be submitted to the shareholders meeting for consideration." According to the announcement, the company's private issue does not exceed 200 million shares.　　The issue price is not less than 7.94 yuan per share, raise funds not more than 1.6 billion yuan, for the construction of Gree Square and Gree coast of two projects. Gree Real Estate issued directional additional plan is twists. January 26 This year, the company has announced that the proposed to add no more than 120 million shares, raise funds not more than 1.6 billion yuan, for Gree Square and Gree coast of a two project construction.　　Since then the company board of directors will increase the price adjusted to 11.44 yuan/share, but the regulation of the policy issued after the company's share price, May 17, the company's board of directors announced plans to remove directional additional. January 14, 2010 and February 1, the company's board of directors and shareholders ' meeting respectively considered the adoption of the "on the Zhuhai Gree Hong Kong Pearl Bay Bridge Island Development Co., Ltd. to the Bank of Communications Limited Zhuhai branch to apply for loans," Agreed to the company under the holding company Zhuhai Gree Hong Kong Zhu Ao Bridge artificial Island Development Co., Ltd. to the Bank of Communications Zhuhai Branch to apply for a total of not more than 2 billion yuan of loans. But now that conditions have changed, the company agreed that the holding company would no longer apply for a loan from the Bank of communications and turned to a syndicated project loan or a joint loan for a consortium of ABC's Zhuhai branch, and the total loan was changed to 2.1 billion yuan, and the loan was for the construction of the artificial island Reclamation project at Zhu-AO Bridge.