From the auction platform, we learned that all the shares of Beijing Fortune Times Real Estate Co., Ltd. held by Lexin Holdings have finally ushered in bidders. One person has signed up for the auction and 11,917 spectators have attended. According to the auction rules, registration means that 109 million yuan of deposit has been paid, because the amount of deposit is relatively large, and the hope of successful bidding is very great.
In 2016, Jia Yueting purchased the assets from Shimao Stock Exchange for nearly 3 billion yuan. The most important asset of his company is Beijing World Trade Organization III.
Jia Yuetings Real Estate Assets World Trade Organization Industry Auction Again and Again: Beginning Price Reduced by 100 million
Comprehensive report by Pengchao journalist Chen Yuxi
Shimao Gongsan, a real estate asset under Jia Yuetings banner, re-auctioned.
On April 9, Peng Meis journalists saw from Taobaos judicial auction network platform that all the shares of Beijing Fortune Times Real Estate Co., Ltd. held by Lexin Holdings (Beijing) Co., Ltd. would be auctioned at 10:00 on April 14, starting at 2.187 billion yuan. The unit of disposal was Beijing Third Intermediate Peoples Court, and the auction would end at 10:00 on April 15.
This is the second auction of Beijing Fortune Times Real Estate Co., Ltd. with an estimated price of 3.289 billion yuan and a starting bid price of 2.187 billion yuan, which is more than 100 million yuan lower than the previous initial bid price of 2.3 billion yuan.
All shares of Beijing Fortune Times Real Estate Co., Ltd. held by Lexin Holdings (Beijing) Co., Ltd. will be auctioned at 10:00 on April 14.
Prior to January, Beijing Fortune Times Real Estate Co., Ltd. had a round of auction, starting at 2.302 billion yuan. Since there is no bidder to sign up for the bid, according to the auction regulations, at least one person can sign up and bid no less than the initial bid price before the transaction can be concluded, so the auction lasts for one day.
The auction also requires at least one person to sign up and bid no less than the starting price before the transaction can be concluded. Nobody has signed up yet.
Beijing Fortune Times Real Estate Co., Ltd., the auction target, mainly owns the real estate project Shimao Gongsan, which is considered to be a valuable asset under Jia Yuetings banner.
Shimao Gongsan Project is located in Sanlitun Gongti North Road, Chaoyang District, Beijing, which is adjacent to the embassy area and Chaoyang Foreign Business District.
According to public information, Shimao Gong III is a high-end landmark complex in the city center built by Shimao Group with 3 billion yuan, which integrates brand commerce and grade A office buildings. In May 2016, Le Video Holdings, which had unlimited scenery at that time, acquired all the shares of Beijing Fortune Times Real Estate Co., Ltd. and Shimao Business Management Co., Ltd. at the price of 2.922 billion yuan and 0.252 billion yuan from Shimao Stock Co. (600823), totaling 2.972 billion yuan, and became the new owner of Shimao Industry Project 3.
With the outbreak of the crisis of the Le Video Departments capital chain, Shimao Gongsans assets were pledged by Le Video in exchange for financial support. According to Beijing Enterprise Credit Information Network, in 2016, Lexin Holdings pledged all the shares of Beijing Fortune Times Real Estate Co., Ltd. to the head office of CITIC Bank Co., Ltd.
From 2017 till now, there have been 24 frozen information about the equity of Beijing Fortune Times Real Estate Co., Ltd. The executed persons are willing to hold shares, involving the courts including Beijing Third Intermediate Peoples Court, Shanghai Higher Peoples Court, Wuhan Intermediate Peoples Court of Hubei Province, Chaoyang District Peoples Court of Beijing, etc.
In the end, Shimao Gongsan is still on the way to judicial auction.
The asset appraisal report disclosed by the auction gives some details about the mortgage of Shimao Gongsan by Lexus Holdings. The real estate registration information and mortgage information obtained by Beijing Chaoyang District Real Estate Registration Service Center show that
Among the auction assets, five buildings located in No. 3 Building, 13 North Road, WorkersStadium, Chaoyang District, and No. 13 Hospital, Chaoyang District, were mortgaged to the head office of CITIC Bank Co., Ltd. The amount of the main creditors rights was 1.754 billion yuan and 300 million yuan respectively. The debt performance period was seven years and the registration time was August 8, 2016.
At present, creditors have been anxious to get rid of the project.
It can be seen that the official micro-signal of China Huarong Finance Property Management Co., Ltd. announced on April 8 that the asset promotion meeting of Huarong Trading Center in Beijing, Tianjin, Hebei and Northern China will be held on April 15, with the sponsor being Huarong Zhongguancun Non-performing Assets Trading Center.
One of the asset promotion projects is the 1.92 billion creditors rights of Lexin Holdings (Beijing) Co., Ltd. The principal of the creditors rights is 1.666 billion yuan, and the interest is 250 million yuan.
Its collateral includes Beijing Fortune Times Real Estate Co., Ltd. and Beijing Baiding New Century Commercial Management Co., Ltd. located in the 3-4 floor of Shimao International Center, 13 North Road, WorkersStadium, Chaoyang District, Beijing, and 1-4 floors above ground (Shimao Department Store), B1 floors of underground commerce, underground parking spaces, underground warehouses, with a total construction area of 82341.57 square meters. Share (Beijing) Co., Ltd. provides pledge guarantee with 100% equity of Beijing Fortune Times Property Co., Ltd. and 100% equity of Beijing Baiding New Century Commercial Management Co., Ltd.
Judging from the above, the creditors of this part of assets should be CITIC Bank.
The announcement shows that the creditors mortgage registration order for the collateral is the first mortgage and the first round of seizure has been carried out. The priority right of repayment has been supported by the Beijing High Court of First Instance. The value of the collateral is relatively high. The repayment of the collateral disposal should be able to pay the principal and interest of the creditors rights in full. Mortgage is a scarce property in the core area of Beijing. At present, some leases can bring stable cash flow to the holders. If the collateral is upgraded and transformed, the operating profit or transaction price of the property may be further increased, and the appreciation space is larger.
Source: Editor-in-Charge of Tiger Sniffing Network: Wang Fengzhi_NT2541