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高新发展(000628):出售地产及相关业务、资产整合继续推进 维持“买入”评级

國信證券 ·  Aug 24, 2015 00:00  · Researches

Matters: The Company issued the “Report on Sale of Significant Assets and Related Transactions (Revised Draft)”: It is intended to sell 100% of Mianyang Beite's shares held by the Company and its holding subsidiary Chengdu Beite Construction and Development Co., Ltd. to Chengdu Gaotou Real Estate Co., Ltd., and sell 100% of the shares of Beite Property held by the Company and its holding subsidiary Chengdu Beite Construction and Development Co., Ltd. to Chengdu Gaotou Investment Management Co., Ltd., to Chengdu High-Investment Property Management Co., Ltd., and High-Investment Management will pay consideration in monetary terms. Comment: Is the market the first to be small but beautiful? On March 19, we, who changed the standard for high-quality countries, “Standing? A trendsetter for mass innovation? In the special study on “, incubators have broad prospects”, did Qiyi clearly suggest it? As a branch business format of China's real estate industry, from the perspective of the business model, since they have the function of serving 'entrepreneurship' and 'innovation' and have convenient conditions to embrace the new economy, they have broad prospects for development in an environment where the times call for 'mass entrepreneurship and mass innovation'? , of which? In terms of strong support for enterprises, park development platform-type enterprises with a state-owned capital background and relying on the development of national high-tech zones have obvious advantages? , and the first promotion in the entire market? Small but beautiful? A high-quality national reform of high-tech development standards and a conference call was held to promote it. What do we think the company -- typical? Big groups or small companies? As the only listing platform for the powerful Chengdu Hi-Tech Investment Group, it is deeply involved in the state-level Chengdu High-tech Zone and has huge potential for development; a one-way fixed increase for the majority shareholders has been completed, opening up room for imagination for medium- to long-term asset injection. And summed it up as a company? It is gradually becoming an extremely positive trend. Are you optimistic that the situation will reverse? , the increase since we started to the previous high reached 108%. Sale of Mianyang Beite and Beite properties and gradual business integration. According to the revised announcement, the company plans to sell 100% of the shares in Mianyang Beite and Beite Properties to Gao Investment Real Estate and Hi-Investment Management at a total price of 247 million yuan. The purchaser will pay consideration in monetary terms.

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