Lining Invested 40 Billion To Build Eco City In Shenyang

Pleasant energy saving pactions with Li Ning Co Ltd

For happy energy saving acquisition of Lining's 30.9% stake,

Lining stressed that the restructuring will not affect the development of Li Ning Co's business.

After restructuring, all the sporting goods business is still developed by Li Ning Co alone. This change will not affect Li Ning Co's management strategy, business policy and independence.

Through the acquisition, energy saving will get some development rights in some real estate projects in Shenyang.

It is possible to develop sports and green theme community development projects in the future.

The development project is located in the central location of Shenyang, covering an area of more than 1500 mu. The investment is expected to be about 40 billion yuan, and the investment period will be 5 to 8 years.

These green theme projects are reminiscent of the recent hot real estate investment in the mainland, and Lining has not denied the company's involvement in the development of the real estate market.

Lining said that the sports industry involves not only a competition, a sportswear that people see, but also a lot of industries involving the use of real estate and new technologies.

Lining once again stressed that its ultimate goal is to develop a huge sports industry in China rather than simply sporting goods.

For the real estate development needs huge working capital, on this issue, Lining admitted that the capital expenditure of the company in developing new businesses and new platforms is indeed huge and needs large-scale financing.

Financing methods will be varied, but specific ways are still being studied, such as rights issue, but there is no stock allotment plan at present.