Wen Leju Finance and Economics Yan Ming Association
Less than half a year after taking over as the number one service leader of Zhenro, CEO Deng Li showed off his financial skills.
On December 22, Zhenro Service announced that it intends to acquire the right to use a parking space for 1.1 million yuan, which is an underground parking space in Tianjin Ruijinyuan residential area, about 1,400. Converted, this seems to be a unit price of less than 1,000 yuan, which is really eye-catching.
You know, on the same day, the same ocean service also issued an announcement on the acquisition of parking spaces. There is no harm if there is no comparison, and Sino-Ocean Service will spend 30.26 million yuan to purchase 196 parking spaces from real estate related parties, with a unit price of about 150,000 yuan.
However, the location determines the value, and the parking space acquired by Sino-Ocean Service is located in Chaoyang District, Beijing, where every inch of land is valuable, and it is also a Grade A office building, with a unit price of 150,000 yuan with a certain cost performance.
It is also located in the municipality directly under the central government, and the municipality is adjacent to Beijing, Tianjin Ruijin Park, which is less than 1,000 yuan of parking space unit price, the gap is too large. When things go wrong, there must be demons.
It is not uncommon for property companies to sell parking spaces for real estate, either by signing an exclusive sales agreement, or by directly buying the right to use parking spaces.
Whether it is a sale or a buy-out of the right to use, it is a large expense. The former has to pay a high deposit on behalf of the company, and the latter has to pay the equivalent amount of the parking space agreed by both parties.
Zhenro services belong to the latter, but exceed the latter. In fact, Zhenro Service did not directly purchase the right to use 1,400 parking spaces, but bought the company behind these parking spaces, namely Suzhou Xinqirui E-commerce *** referred to as "Xinqirui"), which is held by Wu Na and Lin Xia 51% and 49% respectively.
Interestingly, the shareholders behind this company went through a change not long before the announcement was published. Tianyancha information shows that on December 12, Zhang Su, the former major shareholder of Xinqirui, transferred 100% of the shares to the current shareholders Wu Na and Lin Xia.
In addition to the equity transfer, the executive director, general manager and supervisor of this company were withdrawn, and Wu Na and Lin Xia took over the positions of executive director and supervisor. For the introduction of Wu Na and Lin Xia's current shareholders, the announcement is called an independent third party.
Just 10 days after taking over, the company was transferred out, what is Wu Na and Lin Xia's operation?I'm afraid only the parties know. Under the cold winter of real estate, the property enterprises whose profits are not as good as before are cutting back on food and clothing, buying heavy assets from real estate related parties, and bailing out related real estate enterprises is a helpless move, which is understandable.
And why did Zhenro Service buy a parking space from an independent third party that had nothing to do with it?The target is back to the company's main asset, which is about 1,400 underground parking spaces in Tianjin Ruijin Park (a residential property development project) in Xiqing District, Tianjin, China.
Leju Finance "Property**" checked and learned that Ruijin Park is a project developed by Zhengro Rongyu (Tianjin) Real Estate Development, a subsidiary of Zhenro Real Estate, Ruijin Park is its record name, and its promotion name is Jinmen Zhengrong Mansion, the community has been delivered in the first half of this year, and the property belonging to the community is also Zhenro Service.
As Zhenro Services stated in the acquisition announcement, "the car park asset is located in a property project managed by the Group, and the Group is well positioned to take advantage of its proximity to potential buyers of the car park asset. ”
The community parking lot project developed by Zhenro Real Estate has been transformed into an independent third-party asset, and the reason for this is not mentioned in the announcement.
The selling price of the target company Xinqirui is only about 1.1 million, which is related to its net assets. According to the announcement, although Xin Qirui holds 1,400 parking spaces, its net worth is only 10870,000 yuan.
The announcement disclosed that the target company has 1$4.3 billion, these liabilities are a series of payables from the company, "payables are unsecured, interest-free and mature within two years from the date of completion." ”
As a result, although Zhenro Service purchased 1,400 parking spaces for 1.1 million yuan, it also took 1$4.3 billion in liabilities. In total, the cost of the acquisition of this parking space of Zhenro Service is about 14.4 billion yuan, with a unit price of about 100,000 yuan.
Based on the target company's net profit of 90,000 yuan in the first 11 months of this year, 1When will the 4.4 billion yuan be returned, there is still a question mark.
Related company: Zhenro Services HK06958