The transferor wrote on October 11, 2021, between the current national policies implemented on the real estate market, and the impact of the new Crown Pneumonia epidemic, resulting in some of the investors on the current market confidence is insufficient.
The transfer of 650 million yuan of assets terminated by the Dali Haidong Development and Investment Group Co. September 23, by the Dali Haidong Development and Investment Group Co., Ltd. research decision to stop the Dali Haidong nine streams of international construction projects as a whole assets of the public listing and transfer, turn to increase investment, and actively explore a variety of cooperation modes, and strive for the project resumed within the year, and hereby apply for the termination of the Dali Haidong nine streams of international construction projects as a whole assets of the public listing and transfer.
Nine Streams International is located in Dali Haidong area, east of Nangchuan Road, west of Nine Streams Road, is a set of trade fairs, commercial services, boutique hotels, leisure and entertainment, living facilities and other functions in one of the city business complex. The project was originally planned to build 7 high-rise buildings and commercial, exhibition building podium, covering an area of 83,569.39m?, after changing the control regulations approved a total construction area of 279,208.23 square meters. The main technical indicators of the project are building density of less than or equal to 40%, volume rate of less than or equal to 3.5, green space rate of more than or equal to 20%.
01
Transfer of Project Assets
On July 26, Yunnan Property Rights Exchange released the announcement of "Transfer of Overall Assets of Dali Haidong Jiuxi International Construction Project". The subject transferor is Dali Haidong Development and Investment Group Co., Ltd. and the reserve price of the transfer is 650 million yuan. The price of this property rights transaction can be paid in installments. The first payment shall not be less than 30% of the total price, and the transferee of the remaining 70% of the transaction price shall provide legal and effective guarantee recognized by Haikai Group, and pay interest on deferred payment at the same period of the bank loan LPR interest rate, and the payment period shall not exceed 1 year.
August 25, Nine Streams International maintains the reserve price of 650 million yuan to transfer again, and ultimately and the transfer of the same, due to the lack of investors to take over and terminate the listing.
02
Project debt situation
Dali Haidong Nine Streams International Construction Project debt confirmation content shows that the project signed a series of contracts for pre-service, the contract has been completed service content has not been completed to pay part of the payment by the transferee to continue to perform; the contract has not been completed service content or has been signed has not yet been implemented by the contract can be terminated or continued by the transferee to perform The contract may be terminated or continue to be performed by the transferee.
According to the announcement of the relevant attachments show that the nine streams of international projects signed contracts payable unpaid statistics table content involves 19 contracts, the total contract amount of about 49.2903 million yuan, payable amount of about 11.8547 million yuan. The content of the statistical table of unimplemented contracts for the Nine Streams International Project involves 8 contracts with a total unimplemented amount of about 5.8153 million yuan.
Earlier public information showed that the Dali Haidong Nine Streams International construction project started in November 2017, with a total project investment of about 1.8 billion yuan, combined with the debt situation and the increase in the price of construction materials, the completion of the project construction according to the original plan may require more investment.
Dali Haidong Development and Investment Group Co., Ltd. is wholly owned by the Dali Haidong Development Management Committee, belonging to the "state-owned" development enterprises, investment projects. According to official information, as of the end of 2020, the company's total assets of 14.8 billion yuan, net assets of 7.7 billion yuan, the financial situation is healthy, the transfer of assets "lost" on the company has little impact.
At present, the Dali Haidong area of the project has been handed over one after another, but due to the lack of supporting facilities, low occupancy rate, a serious waste of resources. The construction of a commercial complex can effectively solve the problem of residents' convenient life, and improve the living environment of the area and the satisfaction of the residents. Dali Haikai Group finally gave up the transfer, the nine streams of international projects in the hands, do you think the project can find a partner to realize the resumption of construction within this year?