Wanfang Real Estate Co., Ltd. (000638)

Wanfang Real Estate Co., Ltd. (000638)

Wanfang Real Estate Co., Ltd. (hereinafter referred to as "Wanfang real estate") is a listed A-share company listed on Shenzhen Stock Exchange (Stock Code: 000638, hereinafter referred to as "Wanfang real estate"), with a registered capital of 154.7 million yuan and a total share capital of 154.7 million shares.

In December 2009, Wanfang real estate launched its first private placement plan, which has been approved by the board of directors. After the completion of the private placement, the company's share capital will be expanded to 400 million, which will be included in all the operating assets (including 140 mu of land use right in Chongqing) of Wanfangyuan real estate development, and 967 mu of commercial development land use right of Hunan Guangsheng real estate Holding Co., Ltd, China Great Wall Asset management company owns about 243 mu of commercial development land in Sujiatun District of Shenyang and 244 mu of commercial development land in Fuxin city of Liaoning Province. Through this private placement, Wanfang real estate will obtain at least 1500 mu of real estate development land, greatly expanding the company's land reserve resources. With the land reserve owned by the company, the total land reserve of Wanfang real estate will increase to 6 million square meters, covering an area of about 4300 mu.

Main business

As a real estate development company with real estate development and sales as its main business, Wanfang real estate inherits the excellent tradition and experience accumulated by Beijing Wanfangyuan Real Estate Development Co., Ltd., a holding company with first-class qualification for real estate development, in the process of real estate project development for many years. On this basis, Wanfang real estate has carried out the research on land acquisition, planning, design, management and management in the process of real estate development The links of construction, sales, property management and operation are systematically integrated to form a standardized, steady and professional operation mode focusing on residential development and characterized by concentrated and integrated development and construction.

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