Casin Real Estate Development Group Co.Ltd(000838) february 28 announced that Chongqing Caixin real estate, the controlling shareholder of the company, signed the share transfer agreement with natural persons Jia Qichao and song Ye respectively on the 25th, and planned to transfer 60 million shares of the company (accounting for 5.45%) to Jia Qichao through agreement transfer; At the same time, it is planned to transfer 56 million non tradable shares of the company (accounting for 5.09%) to song ye through agreement transfer. The two transfer prices are 6.32 yuan / share, and the total transfer price is about 733 million yuan.
As of the closing on February 28, Casin Real Estate Development Group Co.Ltd(000838) share price was 7.40 yuan / share. If calculated at the closing price of 7.00 yuan / share on the 25th, the above transfer price is about 10% off.
After the equity change is completed, the number of listed shares directly held by Chongqing Caixin real estate will be reduced from about 678 million shares to about 562 million shares, and the share ratio will be reduced from 61.63% to 51.09%. It is still the controlling shareholder of the company, and the actual controller of the company is still Lu Shengju. The two transferees Jia Qichao and song ye will both become important shareholders with a shareholding ratio of more than 5%, ranking second and third respectively.
In the equity change report, Chongqing Caixin real estate said that (this equity transfer) was based on the capital needs of its own operation and development and the needs of Casin Real Estate Development Group Co.Ltd(000838) equity structure optimization; Jia Qichao and song ye said in unison that the decision was made based on their confidence in Casin Real Estate Development Group Co.Ltd(000838) future development prospects.
The latest performance forecast shows that Casin Real Estate Development Group Co.Ltd(000838) it is estimated that the company will lose 580 million yuan to 780 million yuan in 2021 and make a profit of about 116 million yuan in 2020. The company said that on the one hand, the scale of new housing delivery projects decreased year-on-year, and the gross profit margin also decreased by 3% – 5% year-on-year due to the comprehensive impact of region, business format, price and cost, and the gross profit is expected to decrease by 340 million yuan to 420 million yuan; On the other hand, in order to speed up the de industrialization, the company adjusted the selling prices of commercial housing, commerce, apartments, parking spaces and other products. After preliminary inventory and impairment test, the asset impairment loss formed by inventory falling price reserves is expected to increase by 560 million yuan to 680 million yuan year-on-year.
Casin Real Estate Development Group Co.Ltd(000838) indicates that the transfer of shares under this agreement needs to be confirmed by the compliance review of Shenzhen Stock Exchange before going through the relevant procedures of share agreement transfer registration in Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. There is still uncertainty whether the transfer of shares under this agreement can be finally completed.
