Layoff 50%? Zhangtai Group: The news is not true, and the cooperation with Xuhui is still in the adjustment stage.

The cooperation between Zhangtai Group and Xuhui Group has not been settled yet. The news of large-scale personnel changes in Zhangtai recently came out again. On February 1 day, all employees of Zhangtai Group have a 42-day holiday from February 1 day, and their wages are halved during the holiday. In addition, after Xuhui completes the acquisition, Zhang Tai will lay off 50% employees.

There is no personnel adjustment plan

Therefore, the rumor that "Xuhui internally laid off 50% of the staff of Zhangtai Group, retained some key personnel, and the rest of the posts were replaced by Xuhui's personnel to realize the overall takeover of Zhangtai Group's project" is not true.

Later, it was reported that 50% of the layoffs did not refer to Zhangtai Group, but to Zhangtai's construction engineering company. In this regard, Zhang Tai responded that the subsidiary of Zhangtai Group Engineering Management Center is called Zhentai Building. At present, the company is also operating normally, and some construction workers take leave early because of the epidemic, but they have to return to work normally on the eighth day.

Resign on a large scale to "sell yourself" Xuhui?

According to earlier news, on October 7th, 2002165438/KLOC-0, Zhangtai Group and Xuhui Group signed a strategic cooperation framework agreement in Nanning, Guangxi. According to the agreement, Xuhui Group and Zhangtai Group will set up a platform company according to the equity ratio of 65% to 35%. The newly established company is headquartered in Nanning, Guangxi, with Huang Haitao, chairman of Zhangtai Group, as the chairman of the platform company, and Mr. Hu Xiang, vice president of Xuhui Group, Jiangsu Regional Group, as the president of the platform company. In addition, Xuhui's property management company Yongsheng Life Service (0 1995. HK) announced that it will spend 434 million yuan to acquire a 65% stake in Zhangtai Service.

Behind the cooperation is Zhang Tai's accelerated national expansion and weak performance growth.

Zhangtai Group is known as "the first brother in Guangxi". According to the data, in addition to the layout of Guangxi 1 1 city, Zhangtai Group has also entered Wuxi, Nanjing, Wuhan, Nanchang and other cities. At present, Zhangtai has developed more than 100 real estate projects in 9 counties of 6 cities nationwide. The national land reserve exceeds 1 10,000 mu, and the saleable value is nearly 80 billion yuan, ranking first among housing enterprises in Guangxi.

However, under the market pressure in 2020, the sales target of Zhangtai Group is not ideal. According to the data of Ke Rui, in 2020, Zhangtai Group achieved full-scale sales of 22.45 billion yuan, and realized equity of161400 million yuan, which was nearly 30% lower than that in 20 19, and fell out of the top 100 in China. The sales target of 30 billion yuan set by Huang Haitao in 20 19 has not been achieved in the past two years.

In fact, before cooperating with Xuhui, Zhangtai Group has been in turmoil. In June 2020, Zhang Qiaolong, former president of Blu-ray Real Estate, joined as the chairman and president. Only half a year later, Zhang Qiaolong resigned from Zhangtai. Zhangtai Group responded that due to personal career development and family needs, Zhang Qiaolong will be promoted to a business partner and concurrently serve as an executive director of the Group.

Some industry analysts said that under the strict supervision of the "three red lines", as a non-listed company with limited sales, financing is the top priority on the expansion road of Changtai Group, and it is also the main reason for its choice to cooperate with Xuhui Group at this stage. Zhang Tai said that at present, the two sides have signed a cooperation framework, and details such as the scope, method and amount of cooperation need to be further disclosed after completing due diligence.