Leju Finance Zhang LinxiaOn February 18, CCCC Real Estate (000736SZ) issued an announcement on the joint transfer of surplus funds of the project company with its partners.
It is reported that CCCC Real Estate Co., Ltd. *** hereinafter referred to as the "Company") intends to jointly transfer the surplus funds of four project companies including Chongqing CCCC Southwest Real Estate *** with its partners according to the proportion of cooperation, of which the Company intends to transfer no more than 118,219010,000 yuan, and the partner intends to transfer no more than 100,634530,000 yuan.
The company holds 71% of the equity ratio of Chongqing CCCC Southwest Real Estate Co., Ltd., hereinafter referred to as "CCCC Southwest"), and Gemdale (Group) Co., Ltd. holds 28% of the equity ratio of CCCC Southwest9%, Jiaxing Wentou No. 5 Investment Partnership (Limited Partnership) holds 01%, the company and Gemdale (Group) shares*** plan to continue to transfer the surplus funds of CCCC Southwest under the same conditions at the ratio of 71% and 29% and not exceeding 32,85353.52 million yuan (renewal at maturity), of which 23,326 were transferred by the company010,000 yuan, Gemdale (Group) shares*** call 9,52752.52 million yuan, with a term of no more than 1 year and an interest rate of no more than 3%.
The company holds 364%, Kunming Gemdale Yunsheng Real Estate Development *** holds 33 equity in Kunming Jinsheng6%, CCCC Yunnan Construction Investment and Development *** holds 30% of Kunming Jinsheng's equity. The company and Kunming Gemdale Yunsheng Real Estate Development intend to continue to use Kunming Jinsheng's surplus funds under the same conditions not exceeding 33 million yuan (renewal at maturity), the company intends to transfer no more than 17.16 million yuan, and Kunming Gemdale Yunsheng Real Estate Development intends to transfer no more than 15.84 million yuan, with a term of no more than 1 year and an interest rate of no more than 435%。
The company holds 51% of the equity of Xiamen Runyun Real Estate Development *** hereinafter referred to as "Xiamen Runyun"), and China Resources Land Holdings holds 49% of the equity of Xiamen Runyun. The Company and China Resources Land Holdings*** intend to continue to transfer the surplus funds of Xiamen Runyun no more than 103500000 yuan (renewal when due) under the same conditions according to the equity ratio, the company intends to transfer no more than 527.85 million yuan, and China Resources Land Holdings*** intends to transfer no more than 507.15 million yuan, with a term of no more than 1 year and an annual interest rate of no more than 435%。
The company holds 51% of the equity of Xiamen Hongyou Real Estate Development *** hereinafter referred to as "Xiamen Hongyou"), and Xiamen Yiyue Real Estate *** holds 49% of the equity of Xiamen Hongyou. The company and Xiamen Yiyue Real Estate intend to transfer Xiamen Hongyou's surplus funds not more than 792 million yuan under the same conditions according to the equity ratio, the company intends to transfer no more than 403.92 million yuan, and Xiamen Yiyue Real Estate intends to transfer no more than 388.08 million yuan, with a term of no more than 3 years and an annual interest rate of no more than 3%.
As of December 31, 2023, the cumulative balance of financial assistance provided by the company was 845,595170,000 yuan, accounting for 257% of the company's audited net assets attributable to the parent at the end of 2022; Among them, the balance of shareholder loans provided by the company to real estate project companies with equity relationship was 452,342510,000 yuan, accounting for 137% of the company's audited net assets attributable to the parent at the end of 2022; The balance of surplus funds transferred by the partner from the company's consolidated real estate project company was 393,252660,000 yuan, accounting for 119% of the company's audited net assets attributable to the parent at the end of 2022. The principal amount of the funds transferred by the partner from the company's consolidated real estate project company is 67,422080,000 yuan has not been returned to the project company by the partner as agreed, and the company has filed a lawsuit on this matter. In addition, the company has no overdue loans.
Related companies: CCCC Real Estate SZ000736