Hengda Real Estate received capital injection of 500 million dollars and its liabilities rate fall to 65%

According to the Hong Kong news, the increasing capital of 600 million dollars by which Hengda Real Estate plans to expand stocks has been received 506 million dollars up to June 29, of which Chairman of New land Group in Hong Kong, Cheng Yu-tung buys a share of 150 million dollars, accounting for 3.9 percent of the company’s stake; a national investment bureau of Middle East buys a share of 146 million dollars, accounting for 3.8 percent, Deutsche Bank, Merrill Lynch and other five institutions buy a share of 210 million dollars totally. Hengda Real Estate authoritative source confirmed the news.

According to internal sources of Hengda Real Estate, currently, Hengda capital will increase about 1 billion dollars after this increase capital to expand stocks been achieved and the original three strategic investors, Merrill Lynch, Deutsche, Temasek and other holders of convertibly preferred bonds changing into ordinary shares this January, which led to 95% of equity-debt rate in its prospectus for raising capital by floating shares submitted last three quarter drop to about 65%.

http://www.ciimc.com

Permanent Legal Advisor:Beijing Huicheng Law Firm　　Director Lawyer:Fan Shiwen       Vice Director Lawyer:Zheng Guochen

Add: 6/F,United International Building,No.19 Dongsanhuannan Rd.Beijing,100021 China

Website Management:Network Department of CIIMC      Email:info@wedd.org  

Tel：+86 10－87665186 　Fax：+86 10－87665880/87665881