February 25
Evergrande withdrew from Guangzhou Nansha Children's World Project Wumin Trust take over
February 24, according to Qichacha industrial and commercial information, Guangzhou Cultural Tourism City Tourism Development Co., Ltd. completely withdrew from Guangzhou Nansha District Hengrui Cultural Tourism Development Co., Ltd., and Wumin International Trust Co., Ltd. take over. It is reported that Guangzhou Nansha District Hengrui Cultural Tourism Development Co., Ltd. was previously held by Guangzhou Cultural Tourism City Tourism Development Co., Ltd., which is 100% controlled by Evergrande Tongshi. At present, Guangzhou Nansha District Hengrui Cultural Tourism Development Co., Ltd. has been controlled by Wugang International Trust 100%. According to industrial and commercial information, Guangzhou Nansha District Hengrui Cultural Tourism Development Co., Ltd. was established on September 11, 2020. The legal representative is Liu Qing, with a registered capital of RMB 20 million. The business scope includes cultural venue management services, cultural supplies and equipment rental, conference and exhibition services, tourism business, real estate development and operation, etc. It is also reported that Evergrande’s cultural and tourism project in Nansha is Evergrande Nansha Children’s World. According to the previously released documents, the construction period of Evergrande Children’s World is 2020-2023; the overall investment of the project is 4.9 billion yuan, and it plans to build a cultural and creative park composed of 35 special style commercial buildings with fairy tales and myths as the theme, as well as a large cultural and tourism complex composed of hotels and hotel apartments, , commercial streets, food streets and other business formats.
Ministry of Housing and Urban-Rural Development: Resolutely and effectively deal with the risk of overdue delivery of real estate projects in some real estate enterprises, standardize the development of the housing rental market
On February 24, according to China.com , Ministry of the Ministry of Housing and Urban-Rural Development Ministry of the Ministry of Housing and Urban-Rural Development Ministry of the State Information Office today said that with the joint efforts of all parties, the real estate market is generally stable, and the positioning of "houses are for living, not for speculation" has become a social consensus. We steadily implement the long-term real estate mechanism, further implement the main responsibilities of cities, and strengthen the supervision and guidance responsibilities of provincial governments. With the primary goal of "guaranteeing the delivery of buildings, ensuring people's livelihood, and ensuring stability", and taking the principle of rule of law and marketization, we will resolutely and effectively deal with the risk of overdue delivery of real estate projects of some real estate companies.
Zhengrong Real Estate sells equity in a project company in Tianjin. Midea Real Estate takes over
On February 24, according to Cailianshe, industrial and commercial data, Zhengrong Real Estate transferred its equity in Rongfu (Tianjin) Real Estate Development Co., Ltd. to its partner Midea Real Estate. The reporter learned that Rongfu Tianjin Real Estate is a project company and is currently developing the "Hezhu Meijiang" project. At the Zhengrong Real Estate Investor Meeting on February 23, senior executives of Zhengrong Real Estate said that the company has sorted out a number of cooperative projects and investment properties, and is negotiating with existing partners and central state-owned enterprises about the transfer of projects. It is expected that the asset revitalization and disposal of about 3-4 billion yuan in the first half of this year will be completed.
Grand Duke: Adjust the credit rating of Sunshine City entity and related debt from "BBB" to "BB"
Grand Duke decides to lower the credit rating of Sunshine City Group Co., Ltd. from "BBB" to "BB", the rating outlook remains "negative". The credit ratings of "21 Sunshine City MTN001", "21 Yangcheng 01", "21 Yangcheng 02", "20 Yangcheng 01", "20 Yangcheng 02", "20 Yangcheng 03", "20 Yangcheng 04", "20 Sunshine City MTN001", "20 Sunshine City MTN002" and "20 Sunshine City MTN003" have been lowered from "BBB" to "BB". The Grand Advocate believes that Sunshine City’s failure to pay overseas bond interest during the exemption period reflects that its debt repayment ability continues to decline; Sunshine City’s sales performance has declined significantly, increasing the uncertainty of the source of debt repayment funds.
Zhongrong Trust and China Fortune Land Development have not reached a specific repayment arrangement, and are still to be communicated later
On February 24, according to Cailianshe, a reporter learned from an insider that on February 22, Zhongrong Trust and and China Fortune Land Development conducted a long negotiation on debt restructuring matters, and some progress has been made and some agreements have been reached, but a satisfactory result has not yet reached a satisfactory result on the repayment plan. Zhongrong temporarily continued the original handling plan.
Greentown Real Estate's 3 billion yuan merger and acquisition of the largest banknotes was "feedback" and planned to support enterprises with strong synergy within the industry to alleviate liquidity pressure
On February 24, according to the Peacock Opening System of the Traders Association, Greentown Real Estate Group Co., Ltd. released the registration documents on the issuance of the sixth medium-term notes (mergers and acquisitions) in 2022. The registration amount is 3 billion yuan, and the project status is "feedback". According to the prospectus, the medium-term notes that are planned to be registered are all intended to support enterprises with strong synergy in the industry to alleviate liquidity pressure (including but not limited to replacing the issuer's initial investment and subsequent asset investment and acquisitions). It has been clarified that the purpose of the merger is 2.5 billion yuan (including 1.126 billion yuan of project and 2.374 billion yuan of project), and the remaining 500 million yuan will be used for future projects that meet the merger requirements. In the past two days (23-24), Greentown Real Estate Group has planned to register and issue 10.5 billion yuan of winning notes in the Dealers Association, and the status is "feedback".
Jiayuan International offers the sale of Xinheli Property in Tuen Mun, Hong Kong, with an intended price of more than HK$1.1 billion
On February 24, according to media reports, Jiayuan International recently commissioned Dade & Walk-in to sell the property in all buildings located in No. 1, Xinheli, Tuen Mun, Hong Kong, and the top 4 floors of Huixian No. 1, Xinheli, Hong Kong, with an intended price of more than HK$1.1 billion. No. 1, Xinheli, Tuen Mun, is located at the junction of Xinheli and Tsun Hou Road. The entire property revitalization and renovation project has just been completed. The lower floor of the property can be used as a shop, and the high-rise building is used as an office building. The building has 10 floors, with an approved building area of about 81,500 square feet, and an intended price of about HK$780 million. In addition, the full-floor commercial floors of No. 3 Huixian No. 1, Xinheli, which is also available for sale, are 27 to 30th floors on the top 4th floor of No. 3 Huixian No. 1, which is sold at the same time. Each floor has a total of about 9,500 square feet of 15 units, and the unit area is from 490 to 797 square feet. It is reported that the owner prefers to sell all floors, and the buyer can purchase all floors, with an intended price of about HK$350 million.
Shanghai Stock Exchange : Chongqing Longhu Expanded 5 billion yuan Housing Rental Special Bond was "Submit Registration"
On February 24, the project status of Chongqing Longhu Enterprise Development Co., Ltd.'s public issuance of special corporate bonds for housing rental to professional investors in 2022 was updated to "Submit Registration". The planned issuance amount is 5 billion yuan, and the variety is a small public offering. According to the registration draft of the prospectus on February 16, after deducting the issuance expenses, the funds raised by the company's bonds plan to use 3.5 billion yuan for the company's housing rental project construction, renovation and leasing expenses, replacement of the project construction funds and replacement project loans that have been invested in the early stage, and plans to use 1.5 billion yuan to supplement the company's working capital and repay interest-debts. This bond is to be issued in installments, with the issuance scale of the first bond is no more than 1.5 billion yuan (including 1.5 billion yuan), of which 1.05 billion yuan is intended to be used for the company's housing rental project construction, renovation and leasing expenditure, replacement of project construction funds and replacement project loans in the early stage, and 450 million yuan is intended to be used to supplement the company's working capital and repay interest-related debts.
Poly Real Estate: Obtained a non-committed revolving loan of HK$51 billion for Industrial Bank
On February 24, Poly Real Estate Group announced that on February 24, 2022, the company, as the debiter, signed a financing letter with Industrial Bank Co., Ltd. Hong Kong Branch, as the lender . According to the financing letter, the bank agreed to provide the Company with a non-committed revolving loan of HK$1,000,000.
Zhongyuan Bank fell into the quagmire of Huangting International debt, and the 190 million trust beneficiary rights of auction was unattended 6
According to Interface News, on February 22, a public listing bidding ended on the Taobao asset bidding network platform. The auction target was Zhongyuan Bank's trust beneficiary rights of Shenzhen Huangting Investment Management Co., Ltd. (referred to as "Huangting Investment"). The disposal unit was Zhongyuan Bank Zhengzhou Branch, with a starting price of 190 million yuan, and the bidding failed due to unmanned bidding. Judging from the subject matter information, the starting price of 190 million yuan only covers the trust principal, and also includes interest of 24.2142 million yuan, litigation fees of 1.3478 million yuan, and the specific amount of the liquidated damages is based on the contract.The reporter learned that in November 2017, Zhongyuan Bank subscribed the priority of the "Zhongyuan Trust·Yongting International Targeted Asset Management Investment Project Collective Fund Trust Plan" (hereinafter referred to as "Zhongyuan Trust·Yongting International") with its own funds of 399 million yuan. 209 million yuan was subsequently repaid, but 190 million yuan was still unpaid.
