On May 19, Cccg Real Estate Corporation Limited(000736) ( Cccg Real Estate Corporation Limited(000736) . SZ) announced that CCCC Meilu (Hangzhou) Real Estate Co., Ltd. (hereinafter referred to as “CCCC Meilu”), a wholly-owned company of the company, would acquire 51% equity of CCCC Huachuang (Shaoxing) Real Estate Co., Ltd. at a price of 761 million yuan. After the completion of the transaction, the target company will become an indirect wholly-owned subsidiary of Cccg Real Estate Corporation Limited(000736)
At present, CCCC Meilu holds 49% of the equity of the target company, Shaoxing Huamei Real Estate Development Co., Ltd. (hereinafter referred to as “Shaoxing Huamei”) owned by Shanghai huaxinian Real Estate Development Co., Ltd. under huaxinian Holdings (01777. HK) holds 49% of the equity of the target company, and Shenzhen Lianya Consulting Co., Ltd. (hereinafter referred to as “Shenzhen Lianya”) held by natural persons Hu Jing and Zhou shaolei holds 2% of the equity of the target company.
According to the announcement, the subject company is developing and constructing Jinghu Guandu No. 4 project plot in Yuecheng District, Shaoxing City, Zhejiang Province. The project was obtained on April 30, 2020. The total land area transferred by the project is 1972253 square meters, the floor area ratio is 1.2, and the total land transfer price is 4.156 billion yuan. The progress of the project is normal. At present, it has been sold and has not been delivered.
The announcement disclosed the relevant creditor’s rights and debts of the subject company. The creditor’s rights of Shaoxing Huamei and Shenzhen Lianya against CCCC Huachuang consist of the loan principal of 282557 million yuan and the interest of 70 million yuan. Shaoxing Huamei and Shenzhen Lianya transfer the creditor’s rights corresponding to the creditor’s rights principal to CCCC Meilu. CCCC Meilu takes the same amount of the actual balance of the creditor’s rights principal as the creditor’s rights transfer consideration, and the creditor’s rights interest is paid by CCCC Huachuang.
As of the closing on May 19, Cccg Real Estate Corporation Limited(000736) per share was 20.79 yuan, up 0.19%.
