Shimao shares evening announcement, since the second quarter of 2010, the country's real estate industry policy changes have taken place, the company intends to withdraw the scheme of non-public offering shares.

In January 21st this year, the fund was raised to no more than 1 billion 700 million yuan from the original amount of not more than 2 billion yuan, and the remaining terms remained unchanged.

According to the former plan, no more than 10 specific objects will be issued and no more than 150 million shares will be issued. The issue price will be no less than 13.81 yuan / share, and the issue objects will be subscribed in cash. The fund-raising funds will be used in four projects, including Qingdao world Olympic building project, Jiangsu Changshu Shimao Century Center project, Suzhou Shimao canal city commercial project and Beijing Shimao International Center project. The total investment of the project is 13 billion 309 million yuan, and the fund-raising fund will be invested 1 billion 700 million yuan. The rest of the fund company will use its own funds, bank loans or pre-sale income to solve the problem. The company expects the total sales of the four projects to reach 16 billion 827 million yuan.

The company's 09 annual report shows that net profit attributable to the owners of the parent company has increased by more than 350% over the same period of the previous year. The main reason for the growth of performance is that during the reporting period, the company's major asset replacement plan has been completed, and the assets and business scope of the company have undergone significant changes. While actively grasping the opportunity for the development of the real estate market, the company's main business has maintained a good momentum of development, with the increase in sales revenue of new commercial real estate projects and the increase in the fair value of commercial real estate.