Jiangxi Zhongjiang Real Estate Co., Ltd. (600053)

Jiangxi Zhongjiang Real Estate Co., Ltd. (600053)

Zhongjiang real estate [600053] is a stock issued by Zhongjiang Real Estate Co., Ltd. [1].

Key point 1: plate, multi financial plate, Jiangxi plate, Poyang Lake plate.

Key points 2: business scope: real estate development and operation, land development and operation, investment in tourism projects, decoration engineering, production and operation of building materials, design and planning of construction engineering, property management, asset management, self owned housing leasing. The major shareholder of the company is Jiangzhong group, which is one of the largest state-owned enterprises in Jiangxi Province. The company is a platform for Jiangzhong group to develop the real estate industry, and it is also the only state-owned holding professional real estate listed company in Jiangxi Province. Therefore, the company has great regional advantages in the development of real estate in Jiangxi.

Key point 3: Zhongjiang group became the major shareholder of the company. In March 2011, Jiangzhong group was divided into Jiangxi Jiangzhong Pharmaceutical Group and Jiangxi Zhongjiang group by the way of existing division. Pharmaceutical Group is a surviving enterprise after separation, with the registered capital reduced from 274.51 million yuan to 124.51 million yuan. Zhongjiang group is a new enterprise after separation, with the registered capital of 150 million yuan. After the implementation of the existing division, the 261 million shares of the company held by Jiangzhong group will be accepted by Zhongjiang group, the controlling shareholder of the company will be changed to Zhongjiang group, and the actual controller of the company will still be SASAC of Jiangxi Province. On April 19, 2011, it was disclosed that the SASAC of Jiangxi Province was discussing the transfer of the state-owned equity of Jiangxi Zhongjiang group, the controlling shareholder of the company. As the matter may lead to the transfer of the actual controller of the company and the indirect acquisition of listed companies, it still needs to negotiate and communicate with the relevant national departments on relevant policies, and there is still uncertainty. The company, its controlling shareholders and the actual controller promise not to negotiate within three months from the date of the announcement, and to discuss other major matters except the above matters, such as major asset restructuring, issuance of shares and refinancing.

Key point 4: the main business of the real estate business company is real estate development and operation. The main projects are Zijincheng project in Nanchang City, Jiangxi Province and golden holiday and Eden home project in Haikou City, Hainan Province. By the end of 2010, No. 2-4 buildings in the first phase of the "Zijincheng" residential project had been successfully completed and put on record, and the second phase of the project's residential development was progressing smoothly, and the main project had reached positive or negative zero. In 2011, it is planned to realize the contracted area of commercial housing sales of 50000 square meters, complete the business income of about 400 million yuan, and control the cost of 40 million yuan.

Key point 5: restructuring of Jiangzhong group in September 2010, the restructuring of Jiangzhong group has made substantial progress. The SASAC of Jiangsu Province transferred part of the equity of Jiangzhong group to the Academy of Military Medical Sciences of the people's Liberation Army, and part of the equity was granted to the management of Jiangzhong group (composed of 24 natural persons) through a combination of rewards and cash allotment, In addition, SASAC further introduced strategic investor Dalian Yifang Group Co., Ltd. to Jiangzhong group. After the completion of the above work, the shareholders and shareholding ratio of Jiangzhong group are: 41.528% held by Jiangxi SASAC, 2.186% held by Jiangxi University of traditional Chinese medicine, 7.286% held by the Academy of Military Medical Sciences of the Chinese people's Liberation Army, 21.857% held by the natural person shareholders of the management, and 27.143% held by Dalian Yifang Group Co., Ltd. The Academy of Military Sciences is a state-level R & D institution of medicine and biotechnology under the Central Military Commission. The legal representative is academician he Fuchu. The registered capital of one party group is 500 million yuan, and the legal representative is sun Xishuang. Its main business scope includes project investment, real estate development and sales, Housing leasing, etc.

Key point 6: Shanghai Shuangwei Technology Investment Management Co., Ltd., which has invested 6 million yuan and held 15% equity, is a technology-based investment management company specializing in IT industry, especially in software, integrated circuit, venture capital and investment management. According to the annual report of 2010, the book value at the end of the period is 6 million yuan.

Key point 7: equity transfer in June 2014, entrusted by Wu Weixing, the shareholder of Haikou Yili Industrial Co., Ltd., the company plans to transfer the 100% equity of Haikou Yili with the people's Court of Wanli District of Jiangxi Province by means of public listing transaction with no less than 62.9987 million yuan. After the equity transfer, the company will no longer hold the equity of Haikou Yili, and the company will get 50% equity transfer payment of Haikou Yili. Haikou Yili's business scope covers high-tech product development, hardware and electrical equipment, refrigeration equipment, etc., with a registered capital of 10 million yuan. The company holds 85.71% of the shares of Haikou Yili (including 35.71% on behalf of the government), and the former legal representative of Haikou Yili, Wu Qixing, holds 14.29% of the shares of Haikou Yili. Since its establishment, Haikou Yili has not carried out substantive business, failed to file tax returns on time during the period of Wu Weixing's management, and failed to establish legal account books in accordance with relevant regulations. Therefore, despite the efforts of the company, Haikou Yili's relevant financial reports have not been found. In view of the fact that the people's Court of Wanli District of Nanchang City and Wu Weixing have authorized the company to transfer the equity of Haikou Yili through public listing, the company will entrust Jiangxi property exchange to transfer 100% equity of Haikou Yili through public listing.

Key point 8: private placement acquisition of PE company. The company plans to purchase 100% equity of Kunwu Jiuding investment and Lhasa Kunwu by cash payment. The transaction price is 909.8621 million yuan. The underlying asset is a professional private equity investment management organization, and its main business is private equity investment management (PE), that is, to raise funds from fund investors through private placement, invest the raised funds in the equity of the enterprise, and finally earn investment income for the fund through equity appreciation. The company said that through this transaction, Kunwu Jiuding will become a wholly-owned subsidiary of the company. The company will take this transaction as an opportunity to enter the private equity investment management industry, steadily realize the diversified development of business, make the company have more powerful resource integration ability and comprehensive service system, and provide more comprehensive products and industrial investment management services for shareholders and customers.

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