Xincheng Development (01030) broke the major shareholder and girl scandal and is aggressively selling assets
Its subsidiary, Xincheng Holdings (601155.SH), indicated that about 40 projects were sold and Jinke shares (000656.SZ) were One of the buyers. Yesterday, the development of the new city was announced, and 8 real estate projects were transferred to Jinke with a total amount of 2.737 billion yuan (RMB. The same below). The company expects that the proceeds from the Disposal will be only approximately RMB 550,000. Based on the total proceeds from the sale of approximately RMB 724.7 million, net of the net asset value of approximately RMB 724.2 million, it means that it is a “flat-handed” stock, and the proceeds are used for general working capital and use. For the rest of the project.
2.7 billion involved, actually earning only 550,000
New Town Development said that the sale will increase the company’s monetary funds, improve its asset and liability structure, increase the current ratio, and enhance its solvency. The sale of the project is a new acquisition and is not yet ready for sale; the sale will not affect existing projects or their commercial complex projects. New Town Development maintained its contracted sales target of 270 billion yuan this year.
The company sold 8 projects to Jinke from July 16 to 26, including the sale of 51% of Xuchang City’s 90,000 square meters project, Rizhao’s 48,600 square meters project, and Shangqiu’s 26,200 square meters project. , Shangrao City’s 11,21 square meters project, Suzhou City’s 11,180 square meters project, Pinghu City’s 2,900,000 square meters project, Qingdao’s 27,000 square meters project, and Yixing City’s 56,300 square meters project.
Earlier, New Town Holdings had sold 10 and 5 projects in batches, with a total of 4.154 billion and 2.707 billion yuan. Taking into account