Shimao added cash chips.
Xu Rongmao once again showed strong liquidity.
On February 11, Shimao Group (00813. HK, hereinafter referred to as “Shimao”) announced that it had sold the equity of “Victoria Harbour exchange” of Southwest Kowloon project on December 17, 2021. However, the announcement did not disclose the specific transaction details and amount, nor did it disclose whether to sell the equity at a discount.
According to the latest valuation of Victoria Harbour exchange of HK $17.741 billion and the previous public information disclosure, Shimao holds 22.5% equity of the project, the maximum amount of assets sold by Shimao is about HK $3.992 billion.
in addition to the usual means of asset realization, Xu Rongmao also has great tricks in fund transfer: Shanghai Shimao Co.Ltd(600823) (600823. Sh, referred to as ” Shanghai Shimao Co.Ltd(600823) “) announced and disclosed on the same day that it provided pledge guarantee for the financing of 1.8 billion of its three subsidiaries. specific details are as follows:
Wuhu Shimao new development real estate Co., Ltd., a wholly-owned subsidiary of Shanghai Shimao Co.Ltd(600823) , plans to mortgage the property of about 46000 square meters to China Merchants Bank Co.Ltd(600036) and apply for loan financing of no more than 200 million yuan. Shanghai Shimao Co.Ltd(600823) provide pledge guarantee for the above loan financing matters and joint and several liability guarantee for the 100% equity of Wuhu Shimao new development.
In addition, China Merchants Bank Co.Ltd(600036) signed a loan contract with Shanghai Shimao Co.Ltd(600823) wholly-owned subsidiary Shaoxing Shimao Investment Development Co., Ltd. in April 2017, providing a loan of 1.2 billion yuan. Up to now, the loan balance is 828 million yuan. Shaoxing Shimao investment plans to apply for additional loan financing on the basis of including the above loan balance of 828 million yuan, with a total financing amount of no more than 1.6 billion yuan. Shaoxing Shimao investment will provide mortgage guarantee for the financing matters with the property of Shaoxing Shimao Plaza held by it, Shanghai Shimao Co.Ltd(600823) will provide pledge guarantee for the above financing matters with 100% equity of Shaoxing Shimao Investment Development Co., Ltd., and provide full joint and several liability guarantee.
At the same time, Shanghai Shimao Co.Ltd(600823) holding subsidiary Hangzhou horui Real Estate Development Co., Ltd. raised no more than RMB 1.6 billion from CITIC Trust Co., Ltd. in September 2020, and Shanghai Shimao Construction Co., Ltd. provided full joint and several liability guarantee. Up to now, the financing balance is 919 million yuan. After negotiation with financial institutions, Shanghai Shimao Co.Ltd(600823) plans to add 100% equity of Hangzhou Herui held by Fuzhou Taihe Yongsheng Real Estate Co., Ltd., a holding subsidiary, as an additional guarantee for the above financing.
So far, Shanghai Shimao Co.Ltd(600823) and its holding subsidiaries have authorized a total of 23.970 billion yuan of external guarantees (excluding the relevant guarantee amount of this meeting), and the cumulative balance of external guarantees is 8.170 billion yuan, accounting for 31.32% of the latest audited net assets of listed companies.
It is noteworthy that on the same day, Shanghai Shimao Co.Ltd(600823) also disclosed the latest personnel changes and appointed Yu Feng as vice president, chief financial officer and Secretary of the board of directors of the company. Due to the needs of business development, Mr. Sun Yan, the former vice president and chief financial officer of the company, will no longer serve as the chief financial officer. As the vice president of the company, he is responsible for the internal audit and other businesses of the company.
According to the January operation data released on the same day, the contract sales of Shimao Group and its subsidiaries are about 7.51 billion yuan, and the contract sales area is 464500 square meters. Shanghai Shimao Co.Ltd(600823) in January, the contracted sales area was about 38000 square meters, a year-on-year decrease of 37%; The sales contract amount was about 550 million yuan, a year-on-year decrease of 45%.
On February 11, Shimao Group (00813. HK) closed at HK $6.7, up 2.92%, once up 9% on the same day; Shanghai Shimao Co.Ltd(600823) closed at 3.51 yuan, down slightly by 0.22%; Shimao services (00873. HK) closed at HK $7.2, up 2.27%.
(author: Tang shaokui editor: Zhang Weixian)
