Sun Hongbin made another contribution of 12.553 billion yuan to win two beautiful places in Beijing and Shanghai

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 Sun Hongbin made another contribution of 12.553 billion yuan to win two beautiful places in Beijing and Shanghai


Earlier today, Rongchuang announced that it had signed an agreement with Wuhan Central Business District to acquire 100% of the target company for 12.553 billion yuan.

Reporters learned that the company has a 100% interest in the Pan-Ocean International Project No. 1, located in the East Fourth Ring of Beijing, and the Shanghai Dongjiadu Project.

In the announcement, Nandu reporters saw that the Beijing project is located in the core of Chaoyang District of Beijing, east of the East Fourth Ring Road and north of the Pan-Sea International Phase I; adjacent to Chaoyang Park, it has high-quality landscape resources; surrounded by CBD, Yansha, Lidu, Chaoying four major business circles. The total area is about 75,200 square meters and the total building area is about 668,500 square meters. Mainly used for the development of residential, commercial, office buildings and hotels. Up to the date of this announcement, the project has just started construction and has not yet been opened for sale.

The Shanghai project is located in the core position of Huangpu District, Shanghai, located in the south the Bund plate; adjacent to the Huangpu River and Yu Garden; surrounded by the Bund, peoples Square, Nanjing Road, old pier and Dong Jia Du financial city. The total area is about 120,300 square meters and the total building area is about 628,000 square meters. Mainly used for residential and commercial development, as of the date of this announcement, most of the projects have not yet been built.

The announcement shows that the total cost of the acquisition is about 14.887 billion yuan, of which the equity cost is about 11.175 billion yuan, and the debt cost is about 3.712 billion yuan. In addition, the debts owed by Wuhan Central Business District and its affiliates to the target company and Beijing Dongfeng are about RMB 2.334 billion, and the total cost of cash payable after offsetting the debts is about RMB 12.553 billion. Rongchuang said that Beijing and Shanghai projects are located at the core of the first-tier cities, with convenient transportation, mature supporting facilities, and close to the city landscape resources, are a very scarce large number of high-quality projects. The acquisition will help to further increase the groups high-quality land reserves and market share in the core locations of Beijing and Shanghai, and further consolidate the groups leading position and brand influence in first-tier cities. Nandu Reporter Lin Guang

The announcement shows that the total cost of the acquisition is about 14.887 billion yuan, of which the equity cost is about 11.175 billion yuan, and the debt cost is about 3.712 billion yuan.

In addition, the debts owed by Wuhan Central Business District and its affiliates to the target company and Beijing Dongfeng are about RMB 2.334 billion, and the total cost of cash payable after offsetting the debts is about RMB 12.553 billion.

Rongchuang said that Beijing and Shanghai projects are located at the core of the first-tier cities, with convenient transportation, mature supporting facilities, and close to the city landscape resources, are a very scarce large number of high-quality projects. The acquisition will help to further increase the groups high-quality land reserves and market share in the core locations of Beijing and Shanghai, and further consolidate the groups leading position and brand influence in first-tier cities.

Nandu Reporter Lin Guang