Two days to build 1.2 billion additional projects

Every reporter Hu Yuhui in stock short name formally from Dalian Taurus change for South China Construction only two days later, Zhongnan construction (000961, closing price 20.91 yuan) on the introduction of the directional additional scheme, to raise not more than 1.238 billion yuan, raise funds will be used for its four real estate project development. Raise the capital limit of 1.238 billion yuan according to the plan, South China Construction This plan to be not less than 15.47 yuan/share price, to not more than 10 specific investors in private issue not more than 80 million shares.　　In this calculation, the raise capital limit of 1.238 billion yuan. South-Central Construction said the company's move is to achieve two objectives: one for the company's existing projects to obtain LOW-COST development funds, improve the company's capital strength and capital operation capacity; second, to ease the current high asset-liability ratio of the adverse situation, increase the company's net assets, thereby improving the company's financial structure The non-public offering of the funds, after deducting the issue fee will be used for the Nantong CBD a-d1 project, Changshu Zhongnan Century City project, Zhenjiang Zhongnan Century City project, South China Army Mountain Peninsula Project Development.　　The total amount of the above four projects proposed to be invested is 1.05 billion yuan. This issue will not lead to changes in corporate control.　　At present, south-central construction holding shareholder in South China Real estate and Chenlin holding 72.96% of the shares, even if the issue reached a ceiling of 80 million shares, the share of holding shareholders will only fall to 66.16% after the release, still occupies an absolute holding position. The Big four real estate project prospects according to the plan, four projects have a better development prospects.　　Nantong CBD A-D1 Project is located in Jiangsu Province Nantong, the total construction area of 869,900 square meters, the total investment of 4.907 billion yuan, the main development of high-grade commercial, office building; The project construction Life of 4 years, is expected to achieve sales of 6.811 billion yuan, net profit of 1.096 billion yuan, sales gross profit margin 33.95%. Changshu Zhongnan Century City total construction area of 1.3119 million square meters, the total investment of 6.517 billion yuan, is expected to achieve sales revenue, net profit of 9.169 billion yuan, 1.542 billion yuan; Zhenjiang Zhongnan Century City is a high-end residential and supporting business, Total construction area of 625,000 square meters, the total investment of 2.801 billion yuan, is expected to be 3.594 billion yuan, net profit of 419 million yuan, South China Army Mountain Peninsula is located in Nantong, by multi-storey elevator residential, clubhouse, commercial and other ancillary service facilities, Plan to achieve sales revenue of 1.91 billion yuan, net profit of 221 million yuan. Zhongnan Construction believes that if the above projects can be implemented and completed on schedule, the company will take more optimistic investment returns in the next 2-3 years, and help to improve the profit level of the whole listed company.