Youngor 599 million shares of the first shares

Youngor Group Co., Ltd. (Shanghai Stock Exchange: 600177, hereinafter referred to as Youngor), which started from clothing and started to act on real estate and equity investment, participated in the capital development Co., Ltd. (Shanghai Stock Exchange code: 600376, hereinafter referred to as The first shares) of private placement, becoming its fourth largest shareholder. The evening of July 21, Youngor announced that through its Youngor Investment Co., Ltd. (hereinafter referred to Youngor Investment) shares the first share to 13.96 yuan / share price of its 4290 shares, the total investment of 599 million yuan, accounting for The first share of the total share capital of 3.73%, ranked fourth in its largest shareholder. After the subscription, Youngor promised to lock for 12 months. The first opening of the shares is a real estate development company in Beijing, the net proceeds of yuan, to be put into existing real estate projects. For Younger's investment, many analysts have expressed optimism. Joint Securities, an analyst told the "Caijing" reporter, Youngor subscription price is very cheap, only 13.96 yuan / share, than the current market share of the first opened shares in half, the current book from the profitable. As for the first opening of shares, the analyst said that its land bank is very rich, but its management ability is not particularly good. Earlier to do more financial enterprise equity investment Younger, the choice of a real estate class listed companies do equity investment, which led to speculation by some analysts: the same real estate business Younger, would like to take this opportunity to enter the Beijing real estate market? However, Younger Liu Xinyu, director of Youngor said that this is only an equity investment, the lifting of the ban after the stock will decide whether to sell this part of the stock depending on the circumstances. Liu Xinyu also said that as Youngor himself is also doing real estate, more familiar with the real estate field, so shares the first shareholding more secure. July 22, Youngor closed at 15.48 yuan / share, up 2.99% over the previous trading day. First open shares then closed at 25.95 yuan / share, down 0.50%.