Transit city to invest 1.6 billion yuan directional additional launch

Zhongtian City Investment (000540) announced today, intends to raise 1.6 billion yuan in cash by way of Non-public offering, invest in large-scale real estate development project--Zhongtian exhibition city, which is located in the core area of Guiyang Jinyang new zone.　　It is understood that the whole Zhongtian exhibition City Plan investment of more than 5.1 billion yuan, planning covers an area of 561,200 square meters, the total construction area of 2.5567 million square meters, the estimated sales of 7.168 billion yuan, project construction period from June 2009 to September 2012.　　According to the company's announcement, Zhongtian City for the private issue of the target of not more than 10 (including 10), the issue price is not lower than the benchmark date of 20 trading day of the company's stock trading average price of 90%, that is 8.33 yuan/shares.　　According to the company's Project Feasibility Analysis report, Zhongtian exhibition city is expected to achieve total sales revenue of 7.1677 billion yuan, achieve net profit of 1,243,350,000 yuan, investment net profit margin of 24.34%, sales net profit margin of 17.35%. Zhongtian City, a senior executive said through this directional additional plan to further improve the company's capital strength, seize the opportunity to adjust the real estate industry, bigger and stronger real estate business, will also be conducive to expanding the size of the company to enhance competitiveness and sustainable profitability, for the company in the industry adjustment to expand market share lay the foundation　　As at March 31, 2009, the company's assets and liabilities ratio (combined statement caliber) is 72.59%, the proportion of debt is relatively high, in view of the higher asset-liability ratio, the company intends to adopt this non-public offering, optimize the capital structure, improve the financial situation, reduce the risk of debt repayment, and lay a foundation for the healthy and stable development China Securities newspaper reporter from the transit City Investment Sales department to understand that, Zhongtian City to invest in the current project for the transit Tuscan Villas project, Zhongtian Garden Three, Zhongtian century New town, Emperor King legend, and so on, the current transit Tuscany is close to the end of the sale, Zhongtian Garden Three, Zhongtian century two residential projects at present the ideal sales situation.　　Zhongtian City, said that it is based on the current sales of project best-selling situation, only to enable the company to win the Jinyang core area of the land development "Zhongtian exhibition city."　　Zhongtian Exhibition city is located in the core area of Jinyang, with the company's current development of the exhibition Center project into one, adjacent to the Jinyang new area of the future administrative, commercial center; In addition, the exhibition city also has convenient traffic conditions, and adjacent to the Mountain Park, living Environment Superior. Since February this year, Guiyang Municipal party Committee, the municipal government has issued a number of incentives to purchase policies, after the Spring Festival Jinyang Regional property market in Guiyang City in all regions appear very active. Guiyang Real Estate professionals said that based on the Zhongtian exhibition City project is very advantageous geographical location and convenient transportation, I believe that its future development potential will exceed the current Jinyang are developing other real estate development projects.