Rumors That Lining Group Will Invest 40 Billion To Build Eco City In Shenyang
Recently, there was news that
Lining group
Invest 40 billion in Shenyang
Eco City
And Li Ning Co Ltd and
Happy energy saving
The paction again made Lining the focus.
Lining also explained the intentions of several major strategic acquisitions and the company's development strategy, including the consideration of entering the real estate industry.
Lining said that for the happy energy saving acquisition of Lining's 30.9% stake, it mainly reflects its determination to develop "big sports" and is to build a more flexible holding platform.
Facing the current fierce market competition, Lining group needs a broader development platform and larger development space. The ultimate goal of the company is to develop sports industry in China rather than simply sporting goods.
Lining stressed that trading with pleasure and energy saving will not affect Li Ning Co's business development. There is no competition relationship between the two.
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.
The acquisition, pleased to save energy in the development of 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.
Lining did not deny that the company was involved 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.
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