V-view financial report | Shanghai Shimao Co.Ltd(600823) : the subsidiary was approved with about 1.8 billion additional financing

Shanghai Shimao Co.Ltd(600823) (600823) announced on February 11: in January, the company’s sales contract area was about 38000 square meters, and the sales contract amount was about 550 million yuan. In addition, in order to improve the capital turnover efficiency and operation and profitability of Shanghai Shimao Co.Ltd(600823) subsidiaries, according to the operating capital needs of subsidiaries, Shanghai Shimao Co.Ltd(600823) was approved to increase the financing limit of 1.8 billion yuan through financing pledge guarantee. On the same day, Shanghai Shimao Co.Ltd(600823) announced that with the approval of the board of directors, Shanghai Shimao Co.Ltd(600823) appointed Mr. Yu Feng as vice president, chief financial officer and Secretary of the board of directors. The job change of senior managers will not affect the normal operation of the company’s production, operation and management.