Sunshine Housing plans to purchase commercial malls

The scope of investment in Sunshine Real Estate (0435) has been widened in recent years, coupled with the relaxation of the Housing Authority’s regulatory standards. Chief Executive Officer, Mr Wong Siu-kee, said that it could purchase industrial buildings outside the original shopping malls and office properties. Participate in property development, and even invest in securities and bonds, the sun will also seek suitable office and community shopping malls acquisition opportunities.

But he did not pay attention to the sunshine exhibition (0823) housing malls are not comment. Another company in the past year allocated 60 million yuan investment bonds to ensure return. At the same time in response to the high growth rate of the retail market has passed, so he believes that the asset value-added plan to enhance the performance of shopping malls. Its deployment this year to invest 16 million yuan to upgrade its new capital of a cold air system, the general air-conditioning investment back to the current period from 8 to 11 years, and will depend on the need to consider further repurchase. In terms of office space, due to its portfolio is located in the upper ring, it is not affected by the increase in supply in East Kowloon.

Can be distributed income of 435 million increase of 4.7%

The Group announced its full-year results at the end of June, with a profit after tax of RMB434 million, down 9.9% year-on-year and a revenue of $ 435 million, an increase of 4.7%. $ 0.133 at the end of each unit, The dispatch rate was 124.3%. Wu Zhaogui said that due to the financial adequacy, had to take advantage of the financing environment under the ideal implementation of refinancing to reduce interest costs, so send special interest. Excluding the special distribution, the distribution rate is still 96%.