Zhejiang Guangsha 1.2 billion Yuan real estate project issuance scheme expired failure

NetEase Finance October 15, Zhejiang Guangsha announcement, the company 2009 Non-public offering stock options due to the shareholders General Assembly resolution expired and abandoned the implementation.　　Zhejiang Guangsha originally planned to not more than 10 specific investors non-public issue no more than 180 million shares, the issue price is not lower than the benchmark date of 20 trading day of the company's shares of 90% of the average, raise funds not more than 1.2 billion yuan.　　The announcement that the company's non-public offering to raise funds for the days of the Garden project, Dongyang Xintiandi Project, Water Bank Oriental Project Two and other three projects. September 3, 2009, the company held the fifth general meeting of the provisional shareholders in 2009 to consider the adoption of the company's 2009 Non-public offering of shares programme subsequently, affected by the economic environment and policy changes, the capital market real estate sector adjustment significantly, the company's share price has also been significantly reduced, and lower than the issuance of the reserve.