Sichuan Zhongyuan real estate

The big event in the real estate industry in September, Huaxia Happiness announced on September 30 that it would come up with a debt restructuring plan to resume trading. This is a great event and a good thing in the real estate circle with frequent thunderstorms. However, don't think that China's happiness is saved, so can other developers with broken capital chains. It's also a thunderstorm, but the result will be different.

According to Huaxia Happiness Debt Restructuring Plan, Huaxia Happiness's financial debt of RMB 2 192 billion will be paid off in six ways:

1. About 75 billion yuan will be returned from the sale of assets;

Second, the sale of assets took away financial debts of about 50 billion yuan;

Third, the priority financial bonds were extended or paid off by about 35.2 billion yuan;

Four, cash payment of about 57 billion yuan of financial debt;

5. The share of trust beneficial right established by holding assets of about 22 billion yuan, such as property, is used for compensation;

The remaining financial debts of about 55 billion yuan will be borne by the company, and will be paid off gradually through subsequent business development by extending the period and reducing interest rates.

Huaxia happiness can be successfully reorganized. The first is good fundamentals. As you can see, Huaxia sold 75 billion assets, took away 50 billion debts and paid 57 billion cash, which added up to more than 654.38+08 billion, and almost solved most of the debts.

Secondly, Huaxia Happiness has been actively cooperating with local governments in restructuring, including introducing war investment, transferring actual control rights and selling assets.

Taihe is a typical insolvent company. Specifically, there are several factors that determine its hopelessness:

First, dozens of projects of Taihe Group in the country have been unfinished, and a large amount of housing funds have been transferred, and the construction project funds have not been settled at all.

The worst place in Taiyuan, Jinzunfu, is a big market with 5,000 households. Sold, the money is gone. It's been three years, and it will cost at least three billion.

There are dozens of unfinished projects like Taihe in the country. Where did Taihe get the money? Not a penny.

Second, the assets of Taihe Group mostly rely on bragging.

First of all, the land reserve of Taihe Group claims to be 300 billion, but it is actually very scarce. Taihe has never announced where these lands are. Why not publish it? Because there aren't many.

Besides, the unsold value of Taihe Group is pitiful. Before the 20 19 thunderstorm, Taihe Group had already found that the capital chain was going to be broken, and desperately withdrew funds and sold them at a discount. What can be sold has been sold out. The rest can hardly be sold.

Third, Taihe Group has been completely abandoned by financial institutions.

Financial institutions know Taihe better. After the thunderstorm, Taihe Group has never borrowed a penny from financial institutions since 20 19, because no one wants to borrow it. There are few financial institutions that extend Taihe's debt, and the total amount of debt extended is even less.

China Huarong, Taihe's largest creditor, has never extended the extension period for Taihe because they know that Taihe's extension period is also dead.

Since 2020, more than a dozen financial institutions have sued Taihe, including China Huarong, Zhongyuan Trust, National Trust, Bohai Trust and Sichuan Trust. ...

Bohai Trust is even more unique. In the summer of 20021year, Taihe Beijing Mansion, the headquarters of Taihe Group, was also sealed up. The notice of seizure is posted in the elevator of Taihe Beijing Building. Only then did the outside world know that Taihe Group had already lost its office space.

Hopeless Taihe has nothing to do but delay.

It is widely rumored in the circle that Taihe Huang Qisen's "three noes" strategy, that is, not to sell, not to repay (debt) and not to build.

Why not sell it? Because Taihe has nothing to sell, it has already sold out, and only that little asset can't be sold. When it is sold out, Taihe's only debt and bragging props are gone.

Why not return it? Because there is no money. Taihe was restricted by the court to spend more than 800 pens, and at least several thousand dollars were not paid back.

Why not build it? It is also because there is no money. The project cost of Taiyuan Jinzun Mansion alone is an astronomical figure for Taihe.

Taihe, it's hopeless. As a well-known real estate circle big V said: Vanke can't save Taihe. Who wants to save Taihe can directly seal the gods!