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Sunac Services fully exercises allotment options involving 103.5 million shares
On December 13, Sunac China Holdings Co., Ltd. issued an announcement stating that Hong Kong and Shanghai Banking Corporation Limited and Morgan Stanley Asia Co., Ltd. have already completed the listing of Sunac Services Holdings Co., Ltd. on December 12, 2020. Exercise of the overallotment option involved a total of 103.5 million shares of Sunac Services.
According to View Real Estate New Media, these shares equal 15% of the total number of Sunac Services shares (prior to the exercise of any over-allotment options).
Exercising the over-allotment option will help Sunac Services return to Sunac Services the Sunac Services shares borrowed under the stock loan agreement to offset the over-allotment of the international offering. Immediately after the issuance and allocation of the over-allotted shares, Sunac continued to indirectly hold more than 50% of the issued share capital of Sunac Services.
Sunac Services will issue and allot allotment shares at the final offering price of HK $ 11.6 per share. After deducting subscription fees, commissions and other expenses related to the full exercise of the over-allotment option, Sunac Services will be issued and allocated. Additional net proceeds from the issue of over-allotment shares amount to approximately HK $ 1,182.5 million .
The announcement indicated that the listing committee of the Stock Exchange approved the listing and trading of over-allotted shares. The over-allotted shares are expected to begin trading and trading at the Main Board of the Stock Exchange at 9:00 am on December 16, 2020.
Nanjing: Brokerage Agencies Do Not Get Rent Spreads, and Businesses Should Not Induce Forced Use of “Rental Loans”
On December 12, the Nanjing Real Estate Office, the Municipal Development and Reform Commission, the Municipal Public Security Office, the Municipal Market Supervision Office, the Municipal Financial Supervision Office, the Department of Business Administration of Nanjing of the People’s Bank of China, the Jiangsu Regulatory Bureau of the China Banking and Insurance Regulatory Commission and the Cyberspace Administration of the Municipal Commission jointly issued the “Regarding Further Strengthening” Notice of Supervision of the Rental Market of city housing and the standardization of the market order “.
Viewpoint Real Estate New Media learned that the “Notice” included specific provisions in eight respects, including agency registration and opening, listing publishing, online contract signing, service charges, security of housing, collection and payment of rents, self-discipline in the industry and joint departmental supervision. Specifically, real estate brokerage agencies, home rental companies, and online information platforms engaged in Nanjing home rental activities, as well as units or individuals who sublet more than 10 units (rooms) , must be registered as market entities in accordance with the law.
Among them, the business scope of an agency engaged in home rental brokerage services should be marked with “real estate brokerage”; the business scope of a company engaged in the home leasing business should be marked “home leasing.” If the market entity registration has been completed, its business scope includes “home rental business”. “Or” house lease “can no longer be changed.
The “Notice” requires real estate brokerage agencies, home rental companies, and online information platforms to obtain the subject’s rating information from the department of real estate management. Before starting a rental business, relevant professionals should verify customer information and home ownership rights.
Implement real estate management. The relevant entities that lease or commission the rental of homes will be responsible for the authenticity, compliance and effectiveness of your housing information. Real estate brokerage agencies, home rental companies, and network information platforms should obtain home inspection information from the department of real estate management through data interfaces, home verification codes, etc., and verify the ownership of the home that the home publishes.
It is necessary to regulate the use of lease contracts and implement the online signature and filing system for lease contracts. Regulate fees charged by leasing agencies Brokerage agencies may not earn rent differentials or charge commissions for contract renewals.
The “Notice” noted that in a complete set of rental houses, except for people living with relatives, the per capita living space should not be less than 15 square meters. It is necessary to implement the supervision of the rental banks of the leasing agencies, and the housing leasing agencies that carry out commercial activities of housing rental in the form of agency leasing and subletting must sign an agreement of supervision of the fund of housing leasing and opening the city’s only housing leasing fund oversight account. The account cannot withdraw cash AND will not raise funds of another nature.
Relevant entities, such as home leasing companies, will not induce, conceal, deceive, or compel tenants to use “rental loans” in the name of rental installments, rental concessions, etc.
The financial supervision departments strengthened the supervision of the financial home rental business. The Operations Management Department of the Nanjing Branch of the People’s Bank of China, within the scope of its functions, guides commercial banks to carry out housing leasing financial services; The Jiangsu Regulatory Bureau of the China Banking and Insurance Regulatory Commission is responsible for investigating and sanctioning the infringement in the “rental loan” business carried out by commercial banks in Jiangsu under supervision; Jiangsu Local Financial Supervision Bureau Strengthen regulations on illegal granting of “rental loans” by small lending companies.
Guangzhou Zengcheng Xiancun’s first official tender for Old Town renovation with a total investment of 8.215 billion yuan.
According to the news on December 13, Guangzhou’s former Zengcheng Xiancun Town Lanshan Village renovation project was formally tendered for a total investment of about 8.215 million yuan (the final renovation investment is subject to the approval of the implementation plan) .
It is understood that the total area of the project land is 128.5946 hectares, and the total construction area within the reconstruction area is 558,000 square meters.
The project renovation adopts a comprehensive renovation method. The bidder will give priority to the construction of resettlement houses to ensure the timely disposition of the relocation of villagers; at the same time, in accordance with the requirements of the approved renovation execution plan, the bidder shall duly pay demolition compensation in strict accordance with the “Cooperation Agreement” Laying work. The initiator of the transaction and the villagers within the scope of reconstruction shall enjoy the relevant rights and interests of demolition, resettlement, financial compensation, etc., in accordance with the “Cooperation Agreement”, and shall not bear the risks and benefits development and operation.
In addition, the project will select the cooperative company as a bidder through an open method and will be responsible for the comprehensive transformation of the old village project provided by the initiator of the transaction, and the collective construction land within the scope of the transformation will be will become state-owned land.
Viewpoint Real Estate new media previously reported that as early as March 27 this year, Junfa Group and Lanshan Village, Xiancun Town, Zengcheng District, Guangzhou City held a signing ceremony of the village renovation project cooperation agreement. The Blue Mountain Village signing is also Junfa Group’s first time entering the Guangzhou market.
