Jinfeng China Suspended Shanghai Real Estate Or Restructuring
Yesterday, Jinfeng investment and Chinese enterprises at the same time issued a notice that the controlling shareholder of Shanghai real estate is studying the major issues involving the company. For this purpose, the two companies' stock suspension has been suspended for 5 working days since May 17th, and relevant progress will be announced after that.
Since the Shanghai real estate holding company and Jinfeng investment in July 2004, rumors that Shanghai real estate has realized the overall listing through asset restructuring has never been reduced. The announcement of the suspension, the market has invariably positioned the "major issues" in the above-mentioned rumors.
Public information shows that the main business of Chinese enterprises is real estate development. The main business of Jinfeng investment is to pay equal attention to the circulation and development of real estate. In addition to the above two listed companies, Shanghai real estate also owns Shanghai beach land and Shanghai Zhongxing real estate company. To this end, the market speculated that the reorganization of assets and the overall listing for the optimal allocation of resources is not the best way to make the best of both worlds.
For this important matter, Chinese enterprises and Jinfeng investment and securities department related personages said suddenly that it is not yet clear about the specific circumstances, and further announcement should be announced on Saturday or next Monday.
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