The Song Du service emptied the magazine

Mondo Digital Updated on 2024-02-02

For more original content, please pay attention to the property big ** (wuyedabaozha).

In the past two months, the most tossed among the more than 60 listed property companies is not the head property companies such as Evergrande Property, but the mosquito-type property company Songdu Service, which does something every once in a while. Such as:

01.Listing is the best way to achieve the body of penny stocks. As a result, 3 years will pass, and the stock price will soar nearly 3 times in 11 trading days in January 2024. It's not just a fairy stock or a demon stock, a proper fairy body.

02.Originally, the 33.84 million yuan of allotment financing was used as working capital, but after the money was received, it was immediately changed to a subscription of 9 million Australian dollars for Blackcat convertible notes.

03.played a short-term financial management, and the 70 million principal was redeemed in 35 days and "earned" 220,000;

04.Acquired a forcibly mortgaged property in Shangcheng District, Hangzhou, which was indirectly controlled by Yu Jianwu, Guzhang Daying Mining, for 39.73 million.

Looking further back, it also lent 22 million to the so-called independent third party, and this third party is inextricably linked with Song.

Master Don feels that Song Du's series of operations are comparable to Master Ma's 5 consecutive whips, and he is simply the sixth in the property management circle. Other property companies are low-key dark Chen Cang, and Songdu Service does not seem to be suspicious at all.

Because on the surface, the Songdu service does not seem to be bad for money, and it is working hard to generate income, but after in-depth analysis, it is difficult to hide the suspicion of pumping blood for related parties.

Property ** analysis believes that the soaring stock price is the Song capital boss Yu Jianwu speculating and cashing out; The redemption of a huge amount of wealth management is a disguised blood transfusion for major shareholders, such as the release of mortgages for the acquisition of houses.

As for the subscription of convertible documents, Master Be's feeling that Songdu Services may be paving the way for getting involved in the gold mining business.

The reason for this analysis is that the information shows that Blackcat is a company listed on the Australian ** Stock Exchange, mainly engaged in mineral exploration and economic evaluation of gold projects located in Western Australia.

Although Sundy Services said that subscribing to convertible notes can obtain stable and substantial interest cash inflows. The 10% p.a. interest rate does beat the general long-term savings rate in China and Hong Kong.

But the latest announcement suggests that Sundu's service to the drunkard may not be just about interest income. It cannot be ruled out that in order to become a shareholder, it is possible to learn from experience or cooperate.

On February 1, Songdu Service officially announced that it would change the use of raised funds and invest in the first refining OEM project

1.5 small goals.

According to the announcement, Goldlight Mining (Chongqing), an indirect wholly-owned subsidiary of Sundy Services, entered into a project investment agreement with Tongnan Industrial Investment and Development. 1.500 million is mainly used to obtain the right to use a state-owned land and establish a project, and this plot is used for construction and the establishment of a first-class refining foundry.

The official statement of Songdu Service is that considering the development and expected returns of the first refining foundry, the group is full of confidence in the prospects of the industry in the foreseeable future. The investment in ** refining foundry will further expand the Group's business scope and strengthen the Group's revenue base.

Indeed, at present, under the stimulation of the international geopolitical situation, the industry is soaring.

A good idea is that Songdu serves refining foundry, cooperates with overseas companies in exploration and evaluation and related party mining company procurement and sales, and creates a one-stop industrial chain in the industry.

In addition, the partner, Tongnan Industrial Investment, is a wholly-owned subsidiary of Chongqing State-owned Assets Supervision and Administration Commission, and if you step on the rhythm, the bicycle may become a motorcycle.

However, we all know that the property management industry is an asset-light model, and selling land and building houses is an asset-heavy road. It is somewhat similar to the previous years when Aoyuan Health bought land in Fengxian and re-positioned medical aesthetics (terminated). Is that really good?

In addition, as of the end of 2023, Sundy Services has a cash on the books of 155.8 billion, excluding the 39.73 million purchased in January, is less than 1500 million.

That is to say, counting the pre-collected property fees in 2024, Songdu Service has the ability to come up with this huge amount of money, but it is also equivalent to emptying the magazine, stud the industry, if the future working capital is insufficient, how to ensure the service force, will it affect the performance, property management and the industry, which is the main business?

Moreover, the announcement did not disclose the expected performance data of the investment industry, and no one knows what will happen in the future, and how far can it go with prospect confidence alone? If the factory is built in 18 months, world peace will be built, and the demand for safe haven will fall, and the price of gold** will be what will happen?

Finally, throughout the listing of Songdu Services, almost every major action is inseparable from related parties. So is it possible to invest in the ** industry, or to do coolies for related parties?

You must know that you were punished by the Securities and Futures Commission for insider trading1Yu Jianwu, the 4.6 billion Songdu bigwig, has almost every action in the past two months, and Guzhang Daying Mining, a subsidiary of Songdu, is mainly engaged in the procurement and sales of mineral products, which inevitably makes people reverie.

To sum up, Sundy Service has transfused too many times for related parties, resulting in the market may not have believed in its high-sounding operation. Next, it will be up to 18 months later, how Songdu Service can prove itself and whether it can prove itself.

For more original content, please pay attention to the property big ** (wuyedabaozha).

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