Taikang Life Insurance took over OCW Shanghai Project Co., Ltd. 50% equity transaction price 511 million yuan
On December 24, the Beijing Stock Exchange disclosed that 50% of the shares transferred by overseas Chinese Town in Shanghai Kunpeng Real Estate Co., Ltd. were taken over by Taikang Life Insurance Co., Ltd., and the deal was concluded on December 22. The listing price of the transaction was 486 million yuan, and the final transaction price was 511 million yuan.
Data show that Shanghai Pengli Real Estate Co., Ltd. is registered at 1628 Suzhao Road, Minhang District, Shanghai. Its establishment date is September 9, 2020, with a registered capital of 360 million yuan. The scope of business is real estate development and management. Financial data show that as of September 30, 2021, the company lost 40400 yuan in operating income, 30300 yuan in net profit, 518400 yuan in liabilities and 359 million yuan in assets.
The company's assets are Pujiang 123-3, Minhang District, Shanghai, with a land area of 57310 square meters, a total construction area of 136160 square meters, an above-ground construction area of 84800 square meters, an underground construction area of 51360 square meters and a building volume ratio of 1.48.
The third quarter report of overseas Chinese City A (000069.SZ) shows that the company achieved operating income of 26.431 billion yuan, an increase of 62.21% over the same period last year; net profit of 1.835 billion yuan, down 41% from the same period last year; non-net profit of 1.607 billion yuan, down 45.84% from the same period last year; and basic earnings per share of 0.2282 yuan.
By the end of the third quarter, the main income of overseas Chinese Town was 49.445 billion yuan, up 47.97% from the same period last year; the net profit from returning home was 3.419 billion yuan, down 34.85% from the same period last year; and deducting 2.856 billion yuan from non-net profit, down 42.9% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 26.431 billion yuan, up 62.21% from the same period last year; and the net profit in a single quarter was 1.835 billion yuan, down 41.0% from the same period last year. The non-net profit in a single quarter was 1.607 billion yuan, down 45.84% from the same period last year; the debt ratio was 75.59%, the investment income was 277 million yuan, the financial expenses were 772 million yuan, and the gross profit margin was 29.99%.
In the first three quarters, 18 new land reserve projects were added in overseas Chinese Town, with a total area of 2.2213 million square meters and a total consideration of 15.74 billion yuan.
Shanghai International signed a letter of intent for leasing properties jointly developed by Shekou and overseas Chinese Town in Shenzhen.
On December 24, Fairchild International Group Holdings Limited disclosed its letter of intent to lease properties in China.
On 24 December 2021 (after trading hours on the Stock Exchange), an indirect wholly-owned subsidiary of Shenzhen Zhaohua International entered into a letter of intent with Shenzhen Zhaohua Convention and Exhibition Industry Co., Ltd. Accordingly, Shenzhen Zhaojun can lease properties under development in Shenzhen, China, for residential operation from Shenzhen Zhaohua.
It is reported that the property is close to some parts of the property under development at the Shenzhen International Convention and Exhibition Center and is expected to have a rentable area of about 10000 square meters.
The lease is for an initial period of 15 years and is currently expected to be around the fourth quarter of 2022 starting from the occupation of these properties by Shenzhen Fengjun.
Within 10 working days after signing the letter of intent, Shenzhen Fengjun shall pay 800000 yuan to Zhaohua in Shenzhen as the intention money for possible lease. If any formal agreement is reached between the parties on the lease of these properties, the intention deposit will form part of the lease deposit. The intention is determined after fair negotiation between the parties and is refundable.
Investors International intends to use its internal resources to finance the interest fund.
For this lease, the company said that the company is mainly engaged in accommodation operation, providing accommodation consulting and accommodation facilities management services and other related business. As at the date of this announcement, Shanghai International has five operating leased accommodation projects in Shenzhen, Huizhou, Chengdu and Wuhan, China.
Shenzhen Zhaohua is a limited company established in China, which is held by China Merchants Shekou Industrial Zone holding Co., Ltd., a non-wholly-owned subsidiary of the state-owned enterprise China Merchants Group Co., Ltd., and Shenzhen overseas Chinese Town Co., Ltd., a non-wholly-owned subsidiary of the state-owned overseas Chinese Town Group Co., Ltd., respectively. To the best of the knowledge, knowledge and belief of the directors of Shenzhen Zhaohua and the above-mentioned parent company having made all reasonable enquiries, Shenzhen Zhaohua and its parent company are independent third parties.
Coach International said it plans to expand the coverage of its accommodation business and has been exploring suitable locations. As these properties will be built near Shenzhen International Convention and Exhibition Centre and Shenzhen Baoan International Airport, the company considers that the possible lease of new these properties is a good opportunity to expand the accommodation business.
Zhaohua International stressed that the company is still negotiating with Zhaohua in Shenzhen on the main terms of the possible lease. Therefore, the letter of intent does not necessarily lead to the conclusion of a formal agreement with Shenzhen Zhaohua, and the final terms, if any, of the possible lease in the formal agreement may be different from those contained in the letter of intent.
The initial share of 404 million yuan won the 45% stake in China Jinmao Taizhou Project Company.
A 45% stake in Taizhou Huanmao Real Estate Co., Ltd., held by China's Jinmao, was awarded with a transaction price of 403.99 million yuan, according to the Beijing Stock Exchange.
It is reported that Taizhou Huanmao property is 100% wholly owned by China Jinmao. After the completion of the transaction, China Jinmao holds 55% stake in the company and 45% stake in the company.
In addition, Taizhou Huanmao Real Estate was established on June 21, 2021, with a registered capital of about 898 million yuan, and its business scope is real estate development and operation. As of October 31, 2021, the total assets of the underlying company is about 1.525 billion yuan, the total liability is about 628 million yuan, and the owner's equity is about 897 million yuan.
According to public data, on June 8, 2021, China Jinmao won the land project on the south side of Shuanggang Road and the north side of Longmen Road in Yucheng Street, Yuhuan City, Taizhou City, Zhejiang Province, with a transaction value of 1.197 billion yuan and a free return of residential area of 22550 square meters. the transaction floor price is 8469 yuan per square meter (without considering return, allocation and other factors), and the premium rate is 34.8%.