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Original title: 15 billion! By transferring the capital of Guanghui Group, Ambassador Heng has a great move
Recognized real estateAnalystAccording to Yan Yuejin’s analysis to Times Finance, “From the perspective of the equity transaction itself, the premium is not high, indicating the urgency of the transfer. The transferred capital is the field of new energy vehicles that Evergrande it continues to rise, and it is somewhat passive. “
On the afternoon of November 1China Evergrande(033333.HK) postedadHe said that he will transfer 40.964% of his shares in Guanghui Group to Shenergy Group for a total price of 14.85 billion yuan.
Simultaneously,Guanghui Energy(600256.SZ) also issued a related announcement stating that Evergrande Group and Shenergy Groupthe companyYReal controlpeopleSun GuangxinSigned the same day on Guanghui GroupCapital transferAgreement.
After the completion of the transfer transaction, Shenergy Group will replace Evergrande Group and become the second largest in Guanghui Group.shareholder。
According to Times Finance, Evergrande Group invested 14.49 billion yuan in Guanghui Group in September 2018, representing 40.96% of the shares, making it the second largest shareholder of the latter. In the past two years, this investment has only appreciated 360 million yuan Why did Evergrande decide to withdraw at this time?
The reporter was informed that Shenergy Group, the transferee of this capital transaction, was established in 1996 with a registered capital of 10 billion yuan. It is a wholly state-owned limited liability company financed and supervised by Shanghai SASAC. It is mainly dedicated to energy infrastructure projects such as electricity and urban gas. Investment, construction and operation management.
On the night of November 1, Yan Yuejin, a well-known real estate analyst, told the Times Financial Analysis: “From the perspective of the equity transaction itself, there is not much premium, which indicates the urgency of the transfer. On the other hand, the capital transferred is exactly the constant. For Evergrande, the field of new energy vehicles, which has continued to increase in weight in the last two years, is something passive for Evergrande. “
The reporter called Evergrande Group, but there was no response. At the close of October 30,China Evergrande(033333.HK) closed at 15.4 Hong Kong dollars per share, up 4.76%, with a total market value of 205.216 million Hong Kong dollars.
Nearly 15 billion funds returned
Evergrande has a new movement.
On the afternoon of November 1China Evergrande(033333.HK)Guanghui Energy(600256.SZ) They both announced that Evergrande Group transferred 40.964% of the capital stock of Guanghui Group to Shenergy Group. The total amount of the transfer wasRMB14.85 billion yuan. Shenergy Group will transfer all corresponding capital proportions of Evergrande Group when it becomes a shareholder of Guanghui Group in 2018 and becomes the second largest shareholder of Guanghui Group.
According to the announcement released by Evergrande Group, as of June 30 this year, Guanghui Group’s net asset value is 87.7 billion yuan, and Evergrande owns 40.964% of its capital. It is planned to be transferred to Shenergy Group for 14.85 billion yuan.
“This will help the company to focus on its core business and achieve long-term stable development,” Evergrande said.
The reporter was informed that Evergrande Group invested 14.49 billion yuan in Guanghui Group in September 2018, representing 40.96% of the shares, making it the second largest shareholder in the latter. In the past two years, this investment has only appreciated 360 million yuan.
On the night of November 1, Yan Yuejin, a well-known real estate analyst, told Times Finance that this equity transaction had several characteristics. “First, the premium for this transfer transaction is not high, which indicates some urgency; from the perspective of the transfer objective,Guanghui EnergyIt is the field of new energy vehicles that Evergrande has continued to grow over the past two years. This transfer somehow reflects Evergrande’s passivity. “
According to Times Finance, in recent years, Evergrande Group has continued to increase energyindustryWhen he invested in Guanghui Group two years ago, it was because of the latter’s strength in the automotive and new energy sectors.
Currently, Guanghui Group has 782 4S stores and passenger cars of different qualities.BrandMore than 50, have formed a development pattern of “energy development, automobile services, modern logistics, real estate services” and other industries.
And beforeEvergrande MotorIt was planned to build 36 auto experience centers, 1,600 sales centers and 3,000After sales serviceTo the media, it appears that Evergrande’s transfer from Guanghui Group to some extent can be described as “reluctant to give up.”
Relieve liquidity pressure
But on the other hand, for Evergrande, this capital transfer can be one of the ways to reduce debt.
According to a Times Finance and Economics reporter, at the end of June 2020, Evergrande’s interest-bearing liabilities were 835.5 billion yuan. After excluding presale accounts, the debt-to-assets ratio was 85.28% and the net debt ratio was 199%.
Under the new “three red lines” “one business, one policy” financing regulations introduced in September this year, Evergrande is currently in the red (all three indicators are coming into play) among real estate companies , which means Evergrande No more interest-bearing debt can be added.
According to Yan Yuejin’s analysis to the Times Finance, the previous turmoil from the capital chain breakdown made Evergrande more cautious in funding. This time around, the equity transfer can help improve your cash flow, on the one hand, and build up the involvement of previous strategic investors, and objectively alleviate Evergrande’s debt crisis further.
“Under the three red lines and the impact of the epidemic,companyIt is true that we must pay more attention to the capital situation, especially in the case of reducing the degree of dependence on debt, we must strengthen the liquidity capacity of assets and capital financing. Yan Yuejin said.
In fact, Evergrande has taken a number of steps to ease the pressure since the onset of the debt crisis.
The reporter learned that on October 14 of this year, Evergrande announced that it plans to get HK $ 16.5 per share.pricePlacementNew crotch260 million shares, raising funds of HK $ 4.3 billion;
On September 29, Evergrande Real Estate signed a supplemental agreement with 86.3 billion of the 130 billion strategic investment, and the strategic investment agreed to become long-term common equity;
September 15Evergrande Motor(00708.HK) also passedAssignmentEnter multipleInternational investmentFolks, it raised 4 billion Hong Kong dollars;
On August 13, Evergrande’s property management sector introduced a strategic investment of HK $ 23.5 billion to support the development.
Additionally, since September this year, Evergrande announced that its 619 properties across the country are 30% off.Promotion, Reach the goal of running hundreds of billions in a single month.
Shenergy Group: Focus on the energy sector
Although from an industry perspective, the Evergrande transfer is somewhat passive, but the transferee Shenergy Group has a solid background.
It is understood that Shenergy Group was founded in 1987. In 1996, the Shanghai Municipal Government approved the creation of a group company with a registered capital of 10 billion yuan. It is a wholly state-owned limited liability company financed and supervised by Shanghai SASAC.
As the leading state investment and construction agency for major energy infrastructure in Shanghai, Shenergy Group is primarily engaged in the investment, construction and management of energy infrastructure projects such as electricity and urban gas.
In addition, Shenergy Group is also involved in the investment and capital asset management business of financial companies. Relevant data shows that, by the end of 2019, Shenergy Group hasShenergy, Shanghai Gas and 14 other major subsidiaries. As of the end of June 2020, Shenergy Group has included 137 subsidiaries in the consolidated financial statements. The Tianyancha APP shows that there are 864 companies controlled by Shenergy Group.
The reporter learned that Shenergy Group and its subsidiaries haveChina Pacific Insurance、Eastern values、Haitong Values、Shanghai electric、Everbright BankAnd other shares of listed companies, forEastern valuesThe largest shareholder.
The reporter noted that the Shenergy Group subsidiaryShenergyIn 2018, by participating in the tender, it obtained the exploration and exploration rights for oil and natural gas in the Kepingnan block in the Tarim basin, Xinjiang, from the Ministry of Lands and Resources.
Shen Wan HongyuanThe analyst noted thatWin the bidOil and gas block exploration rights in Xinjiang are an important step for Shenergy to continue its integrated energy business.
It is worth mentioning that according to Shangguan News, at the end of October this year, the Party Committee Secretary and Chairman of Shenergy Group, Huang Dinan, stated that Shenergy Group will focus on several important areas:
We must promote importantBuilding, Accelerate the construction of important natural gas infrastructures, promote the construction of new energy projects such as offshore wind energy and promoteShanghai NogenGreen and low carbon industrial development;
Second, we must ensure the safe operation of cities, ensure the reliable operation of power generating units, continue to improve the gas business environment, and firmly maintain the bottom line without major risks;
Third, achieve high-quality development and optimization.Industrial distribution, Create new growth points, actively promote overseas upstream projects and strive to becomeInternational competitivenesswithBrand influenceIndustry leader.
(Article source: Times Finance)
(Responsible editor: DF524)
I solemnly declare: The purpose of this information disclosed by Oriental Fortune.com is to spread more information and has nothing to do with this booth.
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