Central enterprises frequently acquire risky real estate projects.

Recently, central enterprises, including China Resources Vientiane Life Insurance and China Overseas Development, have taken measures to acquire dangerous housing projects or seek asset disposal. At the same time, M&A funds of China Merchants Shekou, China Resources Land and other central enterprises were supported.

The insiders believe that the triple conditions of bank quota, willingness of housing enterprises and regulatory support will be met, and mergers and acquisitions will be significantly accelerated.

Financial support

China securities journal reporter noted that the M&A funds of real estate enterprises are being solved under the background that the regulatory authorities encourage mergers and acquisitions of high-quality projects of real estate enterprises in danger.

A few days ago, Jianfa Real Estate and China Merchants Shekou M&A bonds were issued one after another. Jianfa Real Estate raised 654.38 billion yuan, of which 460 million yuan will be used to acquire the equity of two target real estate project companies. China Merchants Shekou raised 654.38+0.29 billion yuan for real estate project mergers and acquisitions.

65438+1On October 26th, China Resources Land officially disclosed that China Resources Land and its subsidiary China Resources Vientiane Life signed the M&A Financing Strategic Cooperation Agreement with China Merchants Bank respectively. China Merchants Bank will allocate 20 billion yuan to China Resources Land and 3 billion yuan to China Resources Vientiane Life respectively, which will be used exclusively for the M&A business of China Resources Land and China Resources Vientiane Life.

Financial institutions are also accumulating strength. 65438+1On October 24th, Shanghai Pudong Development Bank announced the results of the first financial bond in 2022. The bond issuance scale of this issue is 30 billion yuan, of which 5 billion yuan is the M&A theme bond for real estate projects .. This is also the first M&A theme bond issued by financial institutions.

Shanghai Pudong Development Bank has previously stated that it will steadily and orderly raise funds in accordance with the principles of legal compliance, controllable risks and sustainable business, and focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of large-scale real estate enterprises in danger. Strengthen risk control and post-loan management, do a good job in monitoring the use of funds, and help the virtuous circle and healthy development of the real estate industry.

"If the M&A bonds of financial institutions are not included in the' two red lines' of banks, it will be conducive to the issuance of M&A loans and accelerate the risk resolution of real estate enterprises in danger." Chen Xing, deputy research director of the Enterprise Department of the Central Reference Institute, told the china securities journal reporter. According to industry insiders, with the encouragement of policies, financial institutions have increased their support to meet the "bank quota" in the M&A process.

Central enterprises take the lead

Central enterprises and local state-owned assets have a strong willingness to acquire. Central enterprises are raising the banner of this round of mergers and acquisitions, and local state-owned assets are also frequent.

Yuzhou Group/KLOC-0 announced on the evening of October 5th that it planned to sell its indirect wholly-owned subsidiary Yuzhou Property Services Co., Ltd. to China Resources Vientiane Life for no more than RMB 65,438+RMB 06 million.

On the evening of 65438+1October 2 1, Shimao Group announced that it planned to sell Shanghai Shimao Real Estate Development Co., Ltd. to Shanghai Jiushi North Bund Construction and Development Co., Ltd. at the price of106 million yuan. Shanghai SASAC indirectly holds 0/00% equity of Shanghai Jiushi North Bund Construction and Development Co., Ltd./KLOC ... Shimao Group estimates that the proceeds from this sale will be about 270 million yuan. About 90% of the proceeds from the sale will be used to repay debts, and the remaining 65,438+00% will be used for general enterprise purposes.

On October 24th, 65438/kloc-0, Agile Group announced that it planned to sell its 26.66% equity in Guangzhou profit contract to Guangdong Zhonghai Real Estate Co., Ltd., an indirect wholly-owned subsidiary of China Overseas Development, at a price of18.44 million yuan.

China Resources Land stated in the Strategic Cooperation Agreement on M&A Financing on June 26, 65438 that the signing of this agreement will support China Resources Land to seize the market opportunity to participate in M&A real estate projects, which is conducive to giving full play to M&A's positive role in preventing and resolving industry risks and promoting the healthy development and virtuous circle of the industry.

Actively save yourself.

For housing enterprises in danger and in urgent need of supplementary cash flow, there is a strong willingness to dispose of assets.

According to the national enterprise credit information publicity system, Shanghai Sunac Real Estate Development Group Co., Ltd. and Lujiazui International Trust Co., Ltd. recently withdrew from Changzhou Rongyu Real Estate Co., Ltd. (referred to as "Changzhou Rongyu Real Estate"). The new shareholder of Changzhou Rongyu Real Estate is Zhuhai Doumen Yifa Real Estate Co., Ltd.

654381October 26th, China Aoyuan announced that its indirect wholly-owned subsidiary sold a number of assets located in Canada to independent third parties for 2150,000 Canadian dollars. After the transaction is completed, China Aoyuan is expected to earn 6.5438+0.53 million Canadian dollars. China Aoyuan said that it is promoting overseas debt restructuring according to the contractual priority of overseas creditors, and relevant negotiations are under way.

In terms of domestic asset disposal, China Aoyuan has successively transferred and withdrawn from many projects such as Yangjiang in Guangdong, Huzhou in Zhejiang, Jiujiang in Jiangxi, Pubei in Guangxi and Zhangzhou in Fujian. Regarding the disposal of overseas assets, on 20211,China Aoyuan sold a property project in Hong Kong for HK$ 900 million. China Aoyuan said that there are still projects under disposal, including Hongkong and Australia.

65438+ 10/month 1 1, Shimao Group said that it is discussing the sale of some properties with some potential buyers and will consider selling some assets under appropriate conditions to reduce the Group's liabilities. 65438+1On October 26th, china securities journal reporter learned from a number of people close to Shimao Group that Shimao Group is currently discussing the sale of assets with a number of investors. The assets that Shimao Group is considering for sale include Shimao Shenzhen-Hong Kong International Center, which has attracted much attention from the market, and some key domestic projects. The stakeholders currently under discussion include central enterprises and local state-owned assets.

"Since the announcement of the Notice on Doing a Good Job in Financial Services for Risk Disposal Projects of Major Real Estate Enterprises' Mergers and Acquisitions at the end of 2002165438+2, the policy tends to support high-quality housing enterprises to acquire high-quality projects of large real estate enterprises in danger. In the future, mergers and acquisitions of high-quality projects will become an important direction, and mergers and acquisitions led by central enterprises will continue to increase. " Liu Shui, Minister of Enterprise Department of the Central Reference Institute, said in an interview with china securities journal.