Su Ningyun business transfer 11 subsidiaries to set up private equity funds

Last night, Su Ningyun business (002024) (002024) centralized issued 21 announcement, announced that the 11 company owned stores assets transferred to CITIC Jinshi fund management companies, the establishment of private equity investment fund, price not less than 4000000000 yuan. The analysis thinks, this is Su Ning and CITIC Securities (600030) introduced a REITs (real estate investment fund) demonstration type products.

According to the announcement, in the innovation of asset operation mode, on the one hand, the company will determine the transaction price according to the fair market value, can obtain high quality shop value-added income and cash; on the other hand, companies with stable rental prices and long-term leases acquired stores long-term right to use property.

Su Ningyun salesman said, through the cooperation with CITIC Securities, the innovation of operation mode of asset, invigorated the stock assets, on the base of full withdrawal from circulation of funds, can again buy quality store. Su Ningyun operators are expected, the transaction is completed, will achieve the after tax net income more than 1300000000 yuan.