Lai new international distribution Lai sets of 656 million

(0191) and its subsidiary Lai new development (0488) both yesterday afternoon suspension, and last night issued a notice that has commissioned CITIC Lyon to 13.05 yuan per share price, placing 5093.4 million The newly developed share is RMB656 million, which is used to repay short-term debts and to raise the cash position and working capital. After the completion of the reduction, Lixin International in Lixin development of the holdings, will be from the original 61.74%, reduced to 53.32%.

The new international distribution of Lai new development price of 13.05 yuan per share, compared with yesterday’s Lai new development of the closing price of 14.24 yuan discount of about 8.36%. Upon completion of the Placing, Lixin International will be subject to the 90 lock-up period. The announcement does not account for the assignee. The shares of the two companies will resume trading this morning.

To recover the cost of 8.45 yuan per share price difference

As the development of Li Xin in the last year from January to February for a two-for-one fund-raising plan, when Lai Xin International and as an underwriter, so the final 9.2 cents per share, invested 759 million yuan contract to subscribe more than 8.25 billion shares, equivalent to Just completed 50 in 1 shares after the 165 million shares, the cost per share of about 4.6 yuan. So Lixin International in the completion of the current holdings of Lixin development, has recovered 86.4% of the new development of Lixin cost, Lixin International in the book also earned 8.45 yuan per share difference.

Cash out of debt within one year more than 800 million expired

As for the new international, as of the end of January this year, the current liabilities of a total of 3.334 billion yuan, 1.58 times the year by 1.5 times. Among them, according to the end of January this year, the interim results report shows that loans due this year, about 156.1 million yuan, and a total of 650 million yuan worth of 4-year guaranteed notes, is released in July 2014, will also Expired within one year.

At present, the major assets of Lixin International have developed 61.74% of the equity interest in Lixin, as of yesterday, with market capitalization of RMB5.919 billion, accounting for the majority of LCLL’s overall market value of RMB5.959 billion. The remaining assets include Cheung Sha Wan Pak Hin Building, and part of the interest in Kwun Tong’s Crocodile Center Shopping Center (see photo).