Lining Will Invest In 40 Billion Shenyang To Build Eco City

Pleasant energy saving pactions with Li Ning Co Ltd

For the happy energy saving acquisition of Lining's 30.9% stake, Lining said that this reorganization reflects his determination to develop "big sports" and is to build a more flexible holding platform.

He said that in the face of fierce market competition, Lining group needs a broader development platform and larger development space. The ultimate goal of the company is to develop sports industry in China rather than simply sporting goods.

Through the acquisition, energy saving will get some development rights in some real estate projects in Shenyang.

It is possible to develop sports and green theme community development projects in the future.

The development project is located in the central location of Shenyang, covering an area of more than 1500 mu. The investment is expected to be about 40 billion yuan, and the investment period will be 5 to 8 years.

These green theme projects are reminiscent of the recent hot real estate investment in the mainland, and Lining has not denied the company's involvement in the development of the real estate market.

Lining said that the sports industry involves not only a competition, a sportswear that people see, but also a lot of industries involving the use of real estate and new technologies.

Lining once again stressed that its ultimate goal is to develop a huge sports industry in China rather than simply sporting goods.

For the real estate development needs huge working capital, on this issue, Lining admitted that the capital expenditure of the company in developing new businesses and new platforms is indeed huge and needs large-scale financing.

Financing methods will be varied, but specific ways are still being studied, such as rights issue, but there is no stock allotment plan at present.