Jinmajia.com online outcry project transaction price tops 100 million yuan

Since established, Jinmajia.com workstation has quickly rolled out the online outcry in the whole country. As of May 31, the workstations have completed 24 online outcry projects. Of that the starting price totaled 69,397,800 yuan, but the concluded price totaled 106,871,300 yuan, premium price averaged 54.00 percent. As of May 31, the workstations have completed 25 dynamic outcry projects. Of that the starting price totaled 587,400 yuan and the concluded price 683,900 yuan, premium rate averaged 16.43 percent.

On March 24, 2010, the headquarters of Jinmajia.com, Qinghai Province Equity Exchange and Jinmajia Qinghai Workstation jointly held the Qinghai Province Investment Group Limited Thermal Power Unit and the Affiliated Assets Online Outcry Project. With 176 times of quotations by eight bidders, the project outcry was concluded at 36,663,200 yuan, 10.4 million yuan higher than the starting price, the highest transaction price with the highest number of quotations since Jinmajia platform launched the alien-land cooperation business.

In the Online Outcry for Six Suites in Haikou in the International Tourist Island jointly held by Jinmajia headquarters, Hainan Equity Exchange and Jinmajia Workstation, 80 bidders took part in the outcry at home, hotel and office. The starting price of the six objects totaled 3.63 million yuan, and the transaction price totaled 10.61 million yuan, premium rate averaged 182.4 percent. The premium rate of the Overseas Chinese New Village Villa G-1, Haixiu Road, Haikou hit 320.7 percent.

These successful cases prove Jinmajia’s advantages on the online outcry: breaking the limitation of the existing equity exchanges on the space and time, simplifying the asset disposal procedure, and maximizing the price and investor discovery. At the same time, the public, transparent and standard outcry procedures prevented on-site disturbs and illegal collusion and protected the investors.

Since established in December 2009 in Beijing, Jinmajia has set up workstations in 23 equity exchanges such as Qinghai, Inner Mongolia, Dalian, Tianjin, Hainan and Guangzhou. The workstation mechanism works as the instrument to realize the local asset and equity transaction. On the one hand, the workstations have imported the projects of the shareholder exchange institutes (alliance members) that are applicable to the online transaction to Jinmajia platform and offered tutorship to the bidders and the owners, enhanced the Internet application and the innovation capability of the local equity transaction. On the other hand, Jinmajia also enlarged its service scope relying on the local workstations. The quantity of alliance and certified members increased steadily.

In line with the principle of capital, human resource and business integration and co-building and sharing, Jinmajia worked with more strong equity exchanges across China to pool the resources, link businesses and develop jointly on the basis of equity, relevant independence and no harming the original interest structure. The move enables Jinmajia to employ Internet and extend its services to China and the whole world as well. At the same time, the resource aggregation effect generated by the platform will bring a host of new transaction projects and types (especially the non-public equity) to the equity market.

Jinmajia plans to set up a full-functional platform consisting of four rooms (common member workroom, certified member workroom, alliance member workroom and board member workroom), eight halls (outcry hall, dynamic quotation hall, road-show hall, concentrated procurement hall, bidding hall and M&A hall), two portals (computer Internet, mobile WAP) and one terminal (mobile information terminal MID), while building two service networks for the alliance members and the certified members, formulating the transaction rules, standards and norms to offer all-round security guarantee system and service support for the transactions.