Greenland raised 30 billion in private placement and acquired shares of Hangzhou Industrial and Commercial M88 app

First private placement after listing, raising tens of billions for M88 app investment projects

December 8，Greenland Holdings (600606.SH) releases a series of announcements，Formally disclosed fixed increase plan: planned to be no less than 14.51 yuan/share for non-public issuance not exceeding 20.7.8 billion shares，The total amount of funds raised does not exceed 301.500 million yuan，Intended to be used for real estate investment respectively、Financial investment and repayment of bank loans，After the issuance is completed, the total share capital will increase to a maximum of 142.4.6 billion shares；Also，Subsidiary Greenland Financial Holdings signed an agreement with Morgan Stanley，Intended to transfer its holdings of Hangzhou Industrial and Commercial M88 app Co., Ltd. 14,9.25 million shares，Proportion 11.05%，The agreement consideration is 800 million yuan，After that, Greenland Financial Holdings increased its capital investment in Hangzhou Industrial and Commercial M88 app by approximately 1.500 million yuan，After the capital increase is completed, Greenland Financial Holdings will hold a total of nearly 20% of the shares of Hangzhou Industrial and Commercial M88 app，Become its second largest shareholder。

Greenland’s first scheduled increase after listing reached 30 billion yuan，It is not only of great significance to promote the healthy development of the group，It is also a manifestation of its full use of the listing platform for capital operations，It also shows that the capital market is generally optimistic about and recognizes the development trend of green land。The acquisition of Hangzhou Industrial and Commercial M88 app shares will enable Greenland to successfully enter the financial M88 app business，Thus further improving and consolidating Greenland’s “Big Finance + Big Asset Management” platform，For the group’s stable operation、Provide strong support for improving profitability。

According to plan，The total amount of funds raised by Greenland Group’s non-public issuance of stocks shall not exceed 301.500 million yuan，Plan 101.500 million yuan for M88 app investment projects，Including setting up investment funds、Establish an Internet innovative financial company、Increase in capital of Greenland Financial Leasing Co., Ltd. and acquire equity of Hangzhou Industrial and Commercial M88 app and increase capital。Among them，In terms of establishing M88 app funds,First, it will cooperate with CICC to establish "state-owned enterprise reform、Investment funds with the theme of "Mergers, Acquisitions and Reorganizations"，Investment project types include pre-IPO，Chinese concept stocks return to the domestic A-share market、Spin-off, listing, mergers and acquisitions, reorganization, etc.；The second is to cooperate with Great Wall Asset Management to establish a "non-performing asset"、Investment funds with the theme of “M88 app Investment”，Investment project types include investment in non-performing assets、M&A, restructuring and M88 app investment and other fields；In terms of establishing an Internet innovative M88 app company,Planned to use 1.5 billion yuan of raised funds，Invest to build a Greenland cloud platform that links all M88 app service capabilities of Greenland Holdings。The Internet platform will use the website and APP as the entrance，Achieve wealth management、Trading platform、Three major functions of points management，Build fund sales、Online lending、Consumer Finance、Four core business forms of crowdfunding，And take the lead in serving real estate、Car、Tourism and leisure industries；In terms of capital increase in Greenland M88 app Leasing Co., Ltd.Plans to use 1.2 billion yuan of raised funds to increase capital of Greenland M88 app Leasing Co., Ltd.，The future focus of the project will be on the education industry、High-end equipment manufacturing field、Medical and pharmaceutical field、Development of M88 app leasing business in environmental protection and energy fields。

According to the announcement，Hangzhou Industrial and Commercial M88 app, which plans to acquire the equity this time, is the first joint-stock financial enterprise in Hangzhou，Established in 1986，Registered capital 135,0.75 million yuan，Total assets 224,946.670,000 yuan，The main business scope is capital M88 app、Chattel M88 app、Real estate M88 app, etc.，Reorganization of business enterprise assets、M&A and Project Financing、Corporate Finance、Financial consultants and entrusted securities underwriting businesses approved by relevant departments of the State Council, etc.。As of the end of December 2014，Its M88 app assets under management are about 30 billion yuan，Mainly real estate M88 app。After completion of acquisition，Greenfield will fully graft itself on funds、Real Estate、The advantages in brand and other aspects will be further expanded and strengthened，Maximizing shareholders’ interests。

“Big M88 app” as a new engine for greenfield profit growth，Performance continues to achieve leapfrog growth，Cumulative profit growth in the first three quarters of this year was 219% year-on-year，Especially in Internet financial business、Continuous breakthroughs in the construction of financial industry development platforms and other aspects。According to the medium-term strategic plan，Greenland Financial Industry will cover insurance、M88 app、Securities、Banking and other financial fields，Create a financial industry chain of “funds + asset management”。Next step，will continue to focus on "enlarging the scale"、Integrate resources to seek breakthrough，Including seeking investment opportunities in domestic and overseas capital markets，Continue to strengthen the primary and secondary market investment business；Coordinate the development of real estate、New energy、New Media、M&A、New Third Board and other industrial funds；Through acquisitions and mergers，Strive to obtain securities、Insurance、Bank、Making substantial breakthroughs in core financial license resources such as third-party payment；Continue to establish equity and financial asset trading platforms in many places。