129773214439375000_244Tangled after 2 years and 8 months, China Aoyuan finally ready to cut off this "evil fate". March 22, 2011 results in at the same time, China Aoyuan property group limited (China Aoyuan, 3883.HK) revealed, is in talks with independent third parties to sell Beijing eternal interests of project company
swtor credits, 8th. Once the transaction is completeChina Aoyuan will not acquire any interest in Chang an, 8th. This means, the "Beijing's most expensive uncompleted" of luxury projects changed hands for the fourth time. "I'm still on leave, knew nothing about the matter, the Group did not authorize me to evaluate. "Chang an, Liang Xiulei, head of marketing, 8th declined an interview with this newspaper in a phone. China Aoyuan is only on the outsideAs shown in "selling is not because of financial pressure." Cryptic disk access is now, Chang-an 8th century society run held shares of the project company 96.8% Yiu fai home buyers, and Palace of the Olympic Park, and the city's rich Wang Zhicai wielded centuries each century society run and 52.69% interests, therefore, China Aoyuan has interest in Chang an, 8th.Who will be on this piece of Beijing real estate market the famous "hot potato" disk access? As in the stage of negotiations, China Aoyuan silence about this. Analysts believe that the Palace after a repayment crisis after the centuries the adventure keep interest in Chang an, 8th, it should have the right of pre-emption on Chang-an, 8th. But given the Palace century due to loansDefault is almost "out", and will likely be borrowing money to pay off the loans in arrears, in the near future whether it has the financial strength to acquire interests in the hands of national olymplic is a very big question mark. According to a knowledgeable person to disclose, had purchased a business skirt of Chang an North Tower, 8th floor, and offices of foreign funds are likely to be buying Consortium. "In any case, this mysterious disk accessGas is commendable. "The analyst said, in the context of the current strict restriction, was almost struggling investment property of Chang an, 8th, together with previous history of tail rot, shareholder disputes, and the black hole of debt, this acquisition is clearly to bear great risks. Rough estimates from national olymplic Park Master so far, its 8th in Cheung, the input costs have exceeded $ 1 billion, andChang an, 8th on the banks, shareholders
star wars credits, contractors, suppliers of all kinds of debt is about $ 3 billion. "Regardless of the discount and premium, 51% corresponds to the equity prices, at least in more than $ 2 billion. "The analysts said. Of course, if the new owner can successfully activate, Chang an 8th, at the current $ 107,200 square metres of residential area and 80,000 available/Square metres of sales price calculation, this value is approximately 8.596 billion, potential income just as impressive. "Trap is pies to see disk access can do. "The analysts said. Olympic Park shuaibaofu in July last year, because of loan defaults in the Palace century China Aoyuan to buy century society run price of HK $ 713 million loans from theAnd squeezing out Wangfu, Chang-an 8th century alone have almost all of interest. China Aoyuan's Chairman of the Board of Directors of Guo Ziwen later said at a performance descriptions, due to the restriction of reason, resale, Chang an 8th for rent, long-held, is expected to launch by the end. China Aoyuan, however this "unauthorized actions" quickly led to a Royal century action, both parties confront at Court,Pipe as the Palace century in January this year to repay the loan and temporarily resolve the turmoil, but it seems that it is this lawsuit that consumption of Guo Ziwen, patience, Chang-an 8th is the end. In addition to itself, centering on Chang-an 8th issue, China Aoyuan really needs to release more energy and money in an existing project. Last year, China Aoyuan in Jiangsu, Guangdong, Chongqing, total acquisitions7 piece of land, for which increased more than 1.1 million square meters of land reserve and its total reserves increased from 8.6 million square meters of land. Delete so radical, will also further capital investment in national olymplic Park later in the test. China Aoyuan 2011 annual report shows, the company is currently $ 3.823 billion cash on hand, bank loans within 2 years3.694 billion yuan, has the contracting authority but does not set aside the building cost $ 3.504 billion, if in 2012, to be able to complete its planned $ 5 billion sales target, the financial pressures in the short term. But as China Aoyuan faces project are too concentrated in Guangdong
swtor credits, Chongqing and Shenyang sales risk, once the funds return cannot be achieved the financial pressureShould not be overlooked. "This sale is not surprising in the Park, I think it should be early on, sold after this huge load, freeing up more abundant cash flow to support the development of new projects. "A Hong Kong brokerage analyst pointed out to reporters. On March 22, China Aoyuan stock price rose 7%, in addition to its good performance in the annual report,Good relations and this transaction.
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