Two Fortune 500 companies announced their "breakup", with a reserve price of 2.66 billion yuan and a transfer of 49% shares.

Under the changing situation, two Fortune 500 companies have gone to "break up".

On June 6th, Beijing Equity Exchange disclosed that China Railway Construction Investment Group, a subsidiary of China Railway Construction, was listing 49% of the shares of Evergrande Real Estate (Shenzhen) Co., Ltd., with a reserve price of 2.66 billion yuan, and the remaining 5 1% of the shares were held by Evergrande Real Estate Group (Shenzhen) Co., Ltd.

According to the listing information, Evergrande Real Estate (Shenzhen) Co., Ltd. was established on July 6, 2005, with Kang as the legal representative and a registered capital of about 472 1 10,000 yuan. Evergrande Real Estate Group (Shenzhen) Co., Ltd. holds 565,438+0%, and China Railway Construction Investment Group Co., Ltd. holds 49%.

As of February 28th, 2202, Evergrande Real Estate (Shenzhen) Co., Ltd. had an operating income of 6,543,806,800 yuan, an operating profit of 57,700 yuan, a net profit of 57,700 yuan, total assets of 8,065,438+07 million yuan, total liabilities of 3,325 million yuan and owners' equity of 4,692 million yuan.

20 19, 12, China Railway Construction subscribed for 49% equity of Evergrande Real Estate for 23130,000 yuan, which is a project company invested in the project development process. At that time, China Railway Construction and Evergrande Group signed a strategic cooperation agreement, and the two sides carried out extensive cooperation in the fields of engineering construction, real estate development, investment and financing, and emerging businesses.

Now, China Evergrande is mired in the quagmire after lightning explosion, and the project company Evergrande Real Estate also lost 250 million yuan in 202 1, so China Railway Construction chose to go public and transfer.

It is worth mentioning that on June 6th, MSCI announced that due to the long-term suspension of stock trading, China Evergrande (3333.HK) will be removed from the MSCI index after the closing on June 8th.

China Railway Construction chose to "leave"

On June 6, the operation of China Railway Construction Investment, a central enterprise, attracted the attention of the outside world.

The announcement shows that the listed company China Railway Construction approved its subsidiary China Railway Construction Investment Group Co., Ltd. (hereinafter referred to as "China Railway Construction Investment") to transfer part of the equity of Evergrande Real Estate (Shenzhen) Co., Ltd. (hereinafter referred to as "Evergrande Real Estate") to enter the market.

This operation of China Railway Construction Investment is a thorough clearance. Evergrande Real Estate has only two shareholders, namely China Railway Construction Investment and Evergrande Real Estate Group, and their shares are also very close, holding 49% and 5 1% respectively.

According to the data, the registered place of Evergrande Real Estate is Jingji 100 Building, Caiwuwei, Luohu District, Shenzhen City, Guangdong Province, and the paid-in registered capital is 472,654.38 billion yuan. Its industry is real estate, and its general business projects include: real estate development and management, real estate brokerage, self-owned house leasing, garden engineering construction, etc.

In terms of operation, Evergrande Real Estate 202 1 lost money, and realized operating income and net profit of 2.02 million yuan and-247 million yuan respectively. In 2022, the situation improved slightly. In June and February this year, the operating income107,000 yuan and the net profit were 58,000 yuan.

By February 28th, 2022, the total assets of Evergrande Real Estate were 806,543.8+0.7 billion yuan, and the owner's equity was 4,692 million yuan. According to the statement, the net assets corresponding to the 49% equity of China Railway Construction Investment are about 2.3 billion yuan, that is, the reserve price of China Railway Construction Investment is 2.66 billion yuan, which is 1. 1.6 times PB compared with the estimated net assets, in line with the principle of no loss of state-owned assets.

According to the reporter from China, a brokerage firm, Evergrande Real Estate Company invested and transferred by China Railway Construction is a project company. According to tianyancha App, in 20 19 12, China railway construction invested 2.3 billion yuan to acquire 49% equity of Evergrande real estate.

According to the data, China Railway Construction is one of the largest comprehensive construction groups in the world, covering engineering contracting, planning and design consulting, investment and operation, real estate development and other fields. 202 1 year, ranked 42nd in Fortune Global 500 Enterprises.

Earlier, some investors asked China Railway Construction why it should hold a 49% stake in Evergrande Real Estate. In this regard, China Railway Construction replied that Evergrande Real Estate is a project company and a normal investment in the project development process.

20 19 12, China Railway Construction and Evergrande Group ushered in a "sweet period" of cooperation. The two sides signed a strategic cooperation agreement to carry out extensive cooperation in engineering construction, real estate development, investment and financing, emerging businesses, material logistics and other fields, and declared in the press release that "a win-win model of cooperation between central enterprises and private enterprises has been created".

China Evergrande will be excluded from the MSCI index.

It is worth noting that due to the long-term suspension of trading of China Evergrande, according to the announcement, MSCI will exclude China Evergrande from the MSCI index at the close of June 8.

On March 22nd this year, all three companies under Evergrande suspended trading, mainly Evergrande Real Estate, an important subsidiary of China Evergrande. In the audit of the financial report of 20021,it was found that there were about 654.38+0.34 billion yuan in deposits, and the pledge guarantee provided to the third party had been enforced by the relevant banks.

At the same time, due to major changes in Evergrande's operation since the second half of last year, auditors added many additional audit procedures this year, and the related impact of the COVID-19 epidemic, the audit procedures could not be completed as scheduled. Therefore, all three companies will delay the publication of 20021annual report.

As far as China Evergrande itself is concerned, it is also continuing to sell assets to seek "self-help".

On May 30th, Evergrande Real Estate Group announced on Shenzhen Stock Exchange that it would sell the equity project of City Light Plaza with a total package price of 65.438+35.8 million yuan.

It is reported that Evergrande Real Estate Group has signed contracts with Zhejiang Zhejian Real Estate Group Co., Ltd. and Zhejiang Construction Engineering Group Co., Ltd. to transfer the right to use state-owned construction land, the ownership of projects under construction and the right to operate and develop real estate in China Evergrande. The project is located in the east of Ningbo, south of Zhongshan East Road, east of Xing 'an Road, north of Matsushita Street and west of Planning Road. These rights are owned by Cheng Bo (Ningbo), a subsidiary project company of China Evergrande.

Evergrande Real Estate Group said that the liquidity problem of China Evergrande had a negative impact on the project development and progress. This transaction will revitalize the assets of China Evergrande, and the relevant funds after deducting compensation items will be used as the general working capital of China Evergrande to support the continued construction of other projects in Ningbo, which is conducive to maintaining the orderly operation of China Evergrande's real estate business and safeguarding the equal rights and interests of all stakeholders.

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