On January 20, Xinrui City held a board meeting and an extraordinary general meeting of shareholders to review and pass proposals to invest 22 billion yuan from trust investment institutions such as Yutai Investment and other trust investment institutions to acquire equity in eight joint venture projects with Wanbang Real Estate.

The next day, Xinrui City and Wanbang Real Estate resumed public trading in the securities market at the same time. At this time, Wanbang Real Estate launched a board of directors to discuss the plan to pass the share allocation financing, and will hold an extraordinary general meeting of shareholders to vote in the near future.

Xinrui City invested in purchasing trust funds such as Yutai. The project equity held by the investment company was signed by Xinrui City and trust investment institutions such as Yutai. Wanbang Real Estate only changed its partner and did not need to obtain a license from Wanbang Real Estate.

This also means that no matter how Xiang Qiang strongly opposes Wanbang Real Estate's share allocation financing plan, even if the share allocation financing plan is ultimately not approved by the extraordinary shareholders' meeting or the securities regulatory authorities, it will not prevent the Zheng and Han families behind Wanbang Real Estate from obtaining a huge amount of 22 billion yuan from Xinrui City to carry out subsequent equity competition for Wanbang Real Estate.

Such news is not a good deal for Xinrui City.

In addition to social security funds and public funds and other medium- and long-term investors, no short-term hot money has targeted Xinrui City. After the resumption of open market transactions, Xinrui City's stock price trend is still stable, with a market value fluctuating around 120 billion.

Perhaps it was because Xiang Qiuning saw a more specific cooperation plan between Xinrui City and Wanbang Real Estate from Xiang Qiuning. Xiang Qiang finally gave up his stubbornness to Wanbang Real Estate until the end of January. It was also because of the launch of the share allotment plan, which was a negative for Wanbang Real Estate, causing Wanbang Real Estate's stock price to fall, and fell below 15 yuan per share on the eve of the Spring Festival.

Han and Zheng increased their holdings to 25% through trust investment institutions such as Yutai, while Dashang Capital increased its holdings to 5%, and ultimately maintained the market value of Wanbang Real Estate to fluctuate at around 150 billion yuan, and the two sides stopped continuing to increase their holdings.

The board of directors of Wanbang Real Estate finally suspended the previously proposed share allotment plan on the grounds that the time was not right and other major shareholders strongly opposed it.

After New Year's Day, in January before the Spring Festival in 1010, the national real estate market continued to rise. High-rise apartments in second-tier cities such as Xinrui City in Shangdu and Jiahu Xinrui City, the selling price of high-rise apartments in early January increased to about 15,000 yuan per square meter, and luxury high-rise apartments in Jinchen Yueyuan in Pujiang increased to more than 46,000 yuan per square meter, and the transaction volume continued to increase.

The monthly performance summary of Xinrui City announced in January shows that the monthly sales exceeded 6 billion yuan and the net profit reached 1.2 billion yuan. It is expected that the annual profit will increase by about 50% compared with 2009.

In comparison, Nanhua Real Estate's performance was much worse. The sales revenue in January continued to shrink, leaving less than 4 billion. Although housing prices across the country are increasing, due to Nanhua Real Estate's chaotic management and excessive management costs, the net profit of that month shrank to less than 400 million.

Compared with other listed companies, Nanhua Real Estate's performance is definitely not inferior to other listed companies, but among the in full swing of listed real estate companies, especially compared with Nanhua Real Estate during Xiang Jingyi's work, it is much more eclipsed.

Although the market value of Nanhua Real Estate has been firmly fluctuating around 1560 billion yuan and has not continued to fall sharply due to a series of negative news, this is because Zhao Yuan and Lu Wenbing are using a lot of funds to support the stock price.

This time, Xiang Qiang finally learned to be a little smarter and did not blindly waste the small amount of funds left in his hands.

Perhaps the funds in Xiang Qiang's hands have not been completely used up, and they still have seven or eight billion yuan, which can reduce the borrowing leverage of financial institutions at any time. Or perhaps they are worried that Xinchaorui will step into Nanhua Real Estate's affairs at the invitation of Xiang Qiuning. Although Zhao Yuan and Lu Wenbing's shares in Nanhua Real Estate have actually exceeded Xiang Qiang's shares, they did not show their fangs in the end.

On February 10, before the Spring Festival, Wanbang Real Estate held a shareholders' meeting in Pujiang in advance to hold a new round of board elections; Xiang Qiang did not come to Pujiang to attend Wanbang Real Estate's shareholder meeting, but the board of directors was selected. In the end, only three people were recommended by Nanhua Group (two directors and one independent director).

Since Chen Li hopes that Wanbang Real Estate and Xinrui City two listed companies can operate independently, Zheng Wenyuan did not consider returning to Wanbang Real Estate. At least he did not plan to take over the heavy work of Wanbang Real Estate before Zhou Li produced in May. Han Zirui, Han Ziwei, Yu Xingwei and others submitted their resignation reports and took effect immediately. Zheng Suxin served as chairman on the new board of directors, and Zhang Chen, who was trained by Lu Chuanxue in Wanbang, was promoted to serve as president.

After the new board of directors was replaced, Wanbang Real Estate's equity battle that lasted for half a year was settled; on the eleven-person list, especially among the seven most critical directors, Zheng and Han jointly occupied four seats with Dashang Capital.

Two institutional investors have long held a holding of up to 8% of their shares, and they will be able to win a quota of directors at critical moments. In addition to Xinrui City's strong intervention in the equity dispute between Wanbang Real Estate, another factor is that Luo Rongmin was officially promoted to deputy secretary of the Central Plains Provincial Party Committee and acting governor in early February...

Considering that the real estate market in major domestic cities has continued to be booming in 2010, the voices of social demanding to control housing prices are getting stronger and stronger, and we are worried that the central government will introduce strict price control measures at any time. After a year and a half of construction, the first phase of the project will be opened for sale in advance before the Spring Festival before the Spring Festival before the completion of Ocean World Paradise and the Sea Wai embankment.

When Chen Li first entered Pujiang in 2006, the average housing price in the main urban area of ​​Pujiang was only about 13,000 yuan per square meter. It stagnated for a year in 2008, and housing prices even fell sharply. However, they rebounded strongly in 2009. By New Year's Day in 2010, the average housing price in the main urban area of ​​Pujiang had quietly crossed the threshold of about 25,000 yuan per square meter.

The first phase of Bihai Xinrui City launched a finely decorated apartment, townhouse and single-family villa, with finely decorated apartments sold for 18,000 yuan, while the sales price of high-end townhouse apartments was around 25,000 yuan per square meter. Two years ago, the scene where Binhai Jingyuan and other properties were promoted at 6,000 yuan per square meter was already extinct in Songshan County. The properties jointly developed by Hua Jinshi and others on the north side of Yuantuo Mountain quickly sold out most of the properties at an average price of 12,000 yuan per square meter in 2009.

Although Ocean World Paradise and Sea Waihai Embankment are still under construction and will not be tried until mid-year at the earliest, Songshan County has invested 2 billion yuan and covers an area of ​​more than 4,000 acres of Longhe Chuankou Wetland Ecological Forest Park, a golf course in the northern part of Yuantuo Mountain, a coastal street, Shihu Zen Temple, Yuantuo Mountain Stone House Resort Hotel, five-star Haiyue Bay Resort and International Conference Center and other series of tourism, elderly care and holidays, conference supporting facilities have been completed and put into trial operation. After the early market operation, a large number of tourists have flocked to them around New Year's Day.

A week before the Spring Festival, Bihai Xinrui City received a total of 6,000 reservation customers to watch the market, and sold 3,000 small and medium-sized apartments and other products, with a total sales of nearly 5 billion.

In Xinrui City, Wanbang Real Estate took advantage of the hot real estate market in major cities across the country to continuously launch new sales projects and digest early reserve projects. However, due to the stagnation of nearly a year and a half, Nanhua Real Estate has consumed too fast construction land reserves. At this time, it has to go with other real estate companies that have been slowing down a few days to compete for the supply of increasingly controlled construction land at high prices. Before the Spring Festival, it has successively seized land kings from several cities, attracting another wave of media attention.

Land King news has appeared on media platforms one after another to stimulate people's attention, strengthening expectations of housing price increases, and more to benefit real estate projects that have completed the opening and sale preparations. As for whether real estate companies that have won Land King can benefit, they still have to wait until the project is built to obtain a pre-sale license to see what the market environment is at that time.

On the 26th day of the 12th lunar month, Chen Li specially rushed to Hong Kong to pick up Zheng Bingyang. Shen Tong went back to Qingquan to celebrate the Spring Festival together. After making an appointment with Zheng Bingyang to spend the Spring Festival in Qingquan, he invited Chen Tong, Shen Jianping, Chen Biao, Chen Man brothers and sisters of the Shen family, and the old man Shen Jingtang went to Beijing for a trip during the first month and met the Zheng family...

On the 29th day of the twelfth lunar month, on the last trading day of the securities market before the Spring Festival, the stock price of Nanhua Real Estate fell rapidly without warning, and was then blocked by a huge number of sell orders at the limit down price.

During the Spring Festival, although Zheng Bingyang lived at Chen Li's house, Shen Jianping was still very ignorant to arrange for her future daughter-in-law to sleep in the guest room. Chen Li was kicked out of the warm bed by Zheng Bingyang in the morning and returned to her room and was awakened by Huang Chaocheng's phone call.

At this time, he heard Zheng Bingyang downstairs and Shen Tong, who had been rushing over to play in the morning, climbed to the study and turned on the computer. Seeing that the stock price of Nanhua Real Estate fell sharply when it opened.

Chen Li called Xiang Qiuning and learned that Xiang Qiang's personality was not as stubborn as before. He had sold some of the stocks he secretly increased his holdings a few days ago. Today, the collapse of Nanhua Real Estate should be Zhao Yuan, Lu Wenbing and others' funds could not be supported.

Of course, it is also possible that Zhao Yuan and Lu Wenbing deliberately sold a large number of chips, causing the stock price to plummet sharply. Once it falls below the closing line, it can force the shares that are forced to mortgage to financial institutions to change hands directly.

Although Zhao Yuan and Lu Wenbing held more than 35% of Nanhua Real Estate shares openly and secretly, Zhao Yuan's initial shares were only 17%, and the other 18% of the shares were gradually increased in the past year. Huang Chaocheng estimated that the cost of their share increase was about 25 billion yuan.

No matter which one is possible, even the latter, Zhao Yuan, Lu Wenbing and others deliberately suppress the stock price of Nanhua Real Estate, Chen Li felt that they would be very uncomfortable.

To be honest, if Chen Li used such a huge amount of funds to increase his holdings in a company outside the listed company system, it would be very difficult. Although the Zhao Yuan and Lu family have been fighting in the business world for many years, it would still be very difficult to use such a huge amount of funds without a listed company. I don’t know how much hard work they have done behind the scenes, how many unclean hands and feet they have made, and how many promises they have made behind the scenes to achieve this.
Chapter completed!