CO chair of the Song Weiping by the music Chinese Board designated as music China chairman emeritus

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report from our correspondent (reporter Ren?) in late May 22nd, Greentown Chinese and creation China also announced, SUNAC Chinese acquired 24.313% stake China greentown. The next day, both sides held a news conference, the original Green City boss Song Weiping said, the real estate market prospects look bad is his choice of "an important reason.".

data shows, SUNAC Greentown become acquisition acquisition cases of domestic real estate industry is the largest since the beginning of this year, total transaction value of approximately HK $6298000000.

after the completion of the acquisition, creation China wharf become music China largest shareholder. Financial record Chinese board chairman Sun Hongbin will serve as the music Chinese non-executive directors, the chairman of the board chairman and the nominating committee. Music China board chairman Song Weiping will be the new chairman of the board, and continue to hold 10.473% of the music Chinese shares Greentown China board of directors; executive vice chairman, executive director and chief executive officer, shoubainian continue to hold 8.086% of the shares of the company. Two people will become the third largest shareholder of music Chinese.

since March 1, 2015, CO chair of the Song Weiping by the music Chinese Board designated as music China chairman emeritus; Sun Hongbin will serve as chairman of the board of directors of music China.

in the face of the acquisition results, Greentown Chinese said, despite changes in ownership, but will still maintain the original management team and product concepts.

reporter for "why sell Greentown shares" questions, said Song Weiping very direct, "now is the time to" real estate most trough, this is his "let go" is the main reason. He said, the current real estate market is not suitable for the general viability of the enterprises to survive, Greentown relatively high requirements on the market environment, source of customers is relatively small, four May sales target this year is in big trouble. So, the green city need to have stronger survivability and combat effectiveness of the leading enterprises.

insiders pointed out, Greentown cheap nba jerseys with Gen merger is a true portrayal of the real estate market in the current China, asset restructuring, mergers and acquisitions may be in the next period of time frequently. In the resource in the process of restructuring, the characteristics of cheap jerseys different cheap nfl jerseys enterprises will emerge cheapjerseys.us more clearly.

Song Weiping said, Greentown Chinese Corporation has the right to use the brand to the listing Corporation, exit music China management, unlisted items he would cheap mlb jerseys focus on music, including pension, agriculture, and to launch new brand "blue city". He said, blue city brand is not for sale, the project is doing better than music, "lost a traditional model of real estate Song Weiping, one more retirement products first-class and the world Chinese Song Weiping."

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