Pan Shiyi wants to sell SOHO to American capital, can it be realized?

Once upon a time, the real estate industry was one of the most powerful jobs in China. Next to the shopping malls in our country, there are also many real estate giants, such as Evergrande, Country Garden and Vanke. But if we say the name SOHO China, I wonder how many friends will remember his early glory. As one of the early giants in China's commercial real estate market, SOHO China's operating conditions have deteriorated year by year in recent years.

Before 10, the annual revenue of SOHO in China could reach 10 billion yuan. But by 2020, the annual revenue of SOHO in China has now dropped to 2192 million yuan. Don't compare with giants like Country Garden, even some small real estate companies have more revenue than SOHO.

It is worth mentioning that as the founder of SOHO in China and the "boss" of the real estate market in China, Pan Shiyi has been criticized by many people over the years. The reason lies in his different feelings at home and abroad. Pan Shiyi has never donated a penny to domestic universities, but he directly donated 600 million to Harvard University. After these things, Pan Shiyi's image in the eyes of Chinese people naturally plummeted, and even many netizens joked that Pan Shiyi was the "iron rooster" who loved money in China.

Moreover, in recent years, it has been reported that Pan Shiyi bought a lot of assets overseas, and his wife and children now have American citizenship. From this point of view, Pan Shiyi seems to have made plans to emigrate overseas. However, what will be done with his SOHO, the behemoth of China?

20 17 pan Shiyi said in his early years that he would never sell the bund SOHO and wangjing SOHO. However, since the beginning of last year, the news that SOHO China will be sold to Blackstone Group of the United States for about $4 billion has been circulating in shopping malls in China.

In June this year, relevant reports confirmed the truth of the news that Blackstone would acquire SOHO China. It is reported that Pan Shiyi plans to sell SOHO China for cash at a price of US$ 3 billion (equivalent to about RMB 65.438+09.4 billion). It is not difficult to see that Pan Shiyi may be preparing for emigration after all. However, completing this business is not that simple.

You know, as the acquirer, Blackstone Group is an asset management company located in new york, USA. This also means that once the acquisition is officially completed, the negative practice controller of SOHO China will become American capital.

According to relevant reports on August 6th, China State Administration of Market Supervision has issued a notice on Blackstone Group's acquisition of SOHO in China, requiring the two companies to submit relevant application materials according to China's Anti-monopoly Law, so as to formally inspect their business.

It is reported that this inspection of SOHO China is a general inspection, and the duration is 180 days. And if, after all, China State Administration of Market Supervision thinks that this business violates the anti-monopoly regulations, then Pan Shiyi's plan to sell SOHO in China will also be broken. This also means that Pan Shiyi's dream of cashing in the game may be "ruined". Up to now, the mood of SOHO in China is: everything is subject to the contents of the notice, and no response will be made.

Over the years, more and more rich people in China have emigrated overseas. However, it is really rare for Pan Shiyi to empty all domestic assets or even sell them to overseas capital. What needs attention is that SOHO has weakened in the commercial real estate market in China in recent years, but now it has become a meritorious service. Since SOHO China does not have a dominant position in relevant shopping malls, it greatly increases the possibility of this acquisition.

After all, can Blackstone Group successfully acquire SOHO in China? Let's wait and see. In addition, assuming that Blackstone Group successfully acquired SOHO China, can Blackstone Group change the situation of SOHO China when China Shopping Center loses most of its competitiveness?