Wei Yingjiao, chairman of Dingxin Group, became the vice chairman of the 101 Building in 2009.
China News Service, December 7, According to Taiwan's China Times, Tingxin announced on the 6th that it would take 101 shares to Malaysian Real Estate Group. In addition to the dispute over whether Taiwan's landmarks can be sold to foreign capital, Tingxin's 5-year holdings and profits of about NT$19 billion also caused an uproar in the outside world. Although Dingxin is scolded for selling stocks, just by looking at the timing of buying and selling, Dingxin should be a blessing in disguise.
After Dingxin returned to Taiwan, it happened to encounter Development Gold that year because Taipei 101 was unable to turn losses into profits and wanted to sell 101 shares. Therefore, it bought 21% of the shares held by Development at a premium of 3.7 billion yuan. After that, Dingxin acquired shares from other shareholders, increasing the equity to 37%.
Due to the slow recovery of Taiwan's market after the 2008 financial tsunami, the Taiwan stock market rose from 3955 points in November 2008 to 7875 points in November 2009, nearly doubled, but the recovery rate of real estate is relatively slow. Therefore, the buying of Tingxin 101 was almost at a low point.
, relative to Dingxin Group spokesman Jia Xiande said that under the chain effect of the top of the bank, the bank group has fully withdrawn money, which puts considerable pressure on Dingxin's funds. Although the group decided to sell 101 equity, it is indeed helpless, but the actual environment has to be like this.
However, judging from the real estate boom, interest rate hikes are imminent next year, and the policy of integrated real estate may continue to promote, the housing market is no longer visibility, and it is expected to be worse next year. Although Dingxin was forced to clear its equity, judging from the IOI Group's bid of NT$25.14 billion, Dingxin was equivalent to picking up gold, not only selling it at the highest point, but also solving the financial pressure.
