(2) Equity transfer: 20 10 On August 7th, Shanghai SIC, the controlling shareholder of the company, intends to transfer its 63.65% equity of SIC to SIC(SIC Group), a Hong Kong listed company under the same actual controller, and SIC will become the controlling shareholder of SIC. 63.65% of the shares of SIC are 690 million shares, and the transfer price is determined to be 7.44 yuan/share, and the total transfer price is 56,543.83 billion yuan. SIIC Holdings will pay the transfer price in cash through its own funds and bank loans. SIC said that after the equity transfer is completed, SIC will be an important part of the real estate business of SIC Group.
(3) Equity acquisition: 2010+10 announced on June 5th that the board of directors agreed that the company would take Shanghai SIC Urban Development Investment Co., Ltd., a wholly-owned subsidiary, as the acquisition target to acquire 50% equity of Qingdao SIC Ourui Real Estate Co., Ltd. held by SIC Opportunity (Pudong) Co., Ltd. at a purchase price of 376 million yuan; It is agreed that the company will take SIC Chengfa, a wholly-owned subsidiary, as the acquisition subject and acquire 45% equity of SIC Ourui held by Shanghai SIC at a purchase price of 338.4 million yuan.
(4) Business innovation: the company is positioned as a resource integrator in the real estate industry, and plans and combines various resources driven by real estate, real estate, finance and technology; Grasp real estate development on the one hand and financial innovation on the other, explore the diversification of financing channels through asset management and capital accumulation, and overcome the common problem that real estate enterprises rely solely on bank loans; Realize the combination of domestic and foreign cooperation and build the company into a learning, knowledge-based and research-oriented enterprise.
(5) Expo concept: The company once owned a lot of land located in the city center. With the approach of the World Expo, the development of Pujiang is getting stronger and stronger, and a large number of factories need to be relocated, which is good for companies on both sides of Pujiang. The land owned by the company has great appreciation potential.
(6) Concept of foreign capital cooperation: Yangzi Fund, a joint venture between the company and Clooney Capital Group of the United States, currently has a scale of about 200 million US dollars and a service life of 7 years. The key investment direction is to acquire domestic assets, projects and enterprises with appreciation potential, mainly real estate and real estate-related projects. (American Colony Capital Group is an American transnational investment M&A fund, which specializes in investing and acquiring projects, assets and enterprises with appreciation potential, and its global investment fund reaches $654.38+04 billion).
(7) Expanding overseas markets: The company cooperated with SIIC, An Baili Group and Jinjiang International to establish Shanghai Overseas Joint Investment Company, and went to St. Petersburg, Russia to invest and develop a large-scale comprehensive community "Baltic New City". The registered capital of the company is 750 million yuan, of which the company contributed 654.38+50 million yuan, accounting for 20% of the registered capital. The project started in April 2006, with a total construction area of 65.438+0.8 million square meters and a total investment of about 65.438+0.346 billion US dollars, making it the largest overseas investment in Shanghai. The 2007 annual report shows that the first building, the business center, was successfully completed and put into use, and residential and commercial buildings were launched on a large scale. The construction area of the first batch of residential projects is 3 1, 39- 1 and 38- 1, and we will strive to complete the structural capping by the end of 2008.