9 real estatene

Home on the termination of the Group to acquire real estate in Shanghai to live the rest of the rich 49% of the rights and interests of the rich living in Shanghai real estate and advance payment refund of 40,000,000 yuan.

Home on the group (01207.HK) on December 4 issued a notice to terminate its acquisition of the rich living in Shanghai real estate rights and interests of the remaining 49%, the Shanghai real estate to live rich and advance payment refund of 40,000,000 yuan.

Home on the termination of the Group of the acquisition because the transferee to acquire or obtain a matter of completing all necessary or reasonably be asked to consent and approval can not be completed. The group said the purchase, will not terminated the acquisition of its real estate development business in Shanghai to have any significant adverse effects.

As early as July 2007, the Group announced the acquisition of Shanghai, home to live rich real estate development in 49% of the rights and interests of the Hong Kong dollar cost of 70,000,000. If the completion of the acquisition, the purchase will have to live in Shanghai, about 99.36 percent stake in the rich. (Source: real estate point of view network)