Two companies on the suspension of the integration of the start

Source: Internet
Author: User
Keywords Suspended on the ground
Tags business company controlling controlling shareholder enterprises group integration it is
Jinfeng Investment (600606) and Chinese Enterprises (600675) also announced on 18th that the company May 16 received a letter from the controlling shareholder Shanghai Real Estate (Group) Co., Ltd., said Shanghai Real Estate (Group) Co., Ltd. is studying the major issues involving the company.  In order to prevent the company's stock price fluctuation, to protect the interests of investors, two companies have been suspended from May 17, 2010 onwards 5 working days, and will be 5 working days after the announcement of the relevant progress.  It is understood that the Shanghai Real Estate group under the Jin Feng Investment and Chinese enterprises are operating real estate business, its business part of the overlap so that the market has been the integration of the expected, the two companies both suspended to allow analysts to speculate on the reorganization of the system is expected to be cashed. In addition to the above two real estate listed companies, Shanghai Real Estate Group also owns the Shanghai Flat Land Company, Shanghai star and other powerful real estate companies, Shanghai Real Estate Group in 2007 pledged to the subordinate enterprises in the appropriate time to engage in real estate development business reorganization and integration of companies to avoid competition.
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