Shenzhen Public Resources Trading Center issued an announcement on Friday (November 11).Attachment, the initial transfer price is about 7.54 billion (RMB, the same below, about S $ 1.45 billion).
According to the Securities Times, the current property rights are mortgaged. The bidding margin is 800 million yuan. The listing period is from November 21, 2022 to November 26.
Public information shows that the transferred T208-0054 land was previously awarded by Evergrande Group in December 2017, with a price of 5.552 billion yuan. It was originally planned to build it into Evergrande headquarters.According to the design information at that time, the project was planned to build 393.9 meters high, 75 floors above the building, 6th floor underground, and the basement depth of 37.1 meters.
According to the announcement, the ancestors are located in the southeast corner of the intersection of Shenzhen Shenwan Third Road and Baishi Fourth Road. The land use is for commercial services and the nature of the land is commercial housing.From December 19th to December 18, 2047.The land area of the land is about 10,400 square meters, and the total construction area of the plot ratio is not more than 289,200 square meters.Among them, the construction area is 280,000 square meters above the ground, including the functions of office, commercial, cultural facilities, and property services.
It is reported that from the scene, the project is contracted by the four bureaus of China Construction. The engineering venue is basically in a closed state. There are almost no one in and out.With the brand of Evergrande Center and the concept of architectural design at the time.
This land is located in a relatively core area in Shenzhen.The land is adjacent to Shenzhen Bay to the south, and there are No. 11 subway lines. A number of newly -built headquarters building projects are gathered around. East -west sides of the Evergrande plot are adjacent to the Vanke Headquarters Building and China Merchants Bank Global Headquarters Building, which are under construction.
The above announcement also mentioned that the land construction project has been suspended since September 2021, and the foundation pit pile foundation has been completed.Due to the long -term suspension of work and the main construction general contracting unit, the subsequent base plate -related work cannot be started normally.At the same time, due to funding problems, the earth and stone units and the foundation pit support units have now been suspended.The project may include, but not limited to the risk of infrastructure deformation, leakage cracks and water stagnation, steel bars and other materials, affecting the construction of underground roads in the area, temporary land collection, and safety hazards.
In addition, the project still has the risk of overdue completion, and there is the risk of being recovered with land use rights, ground buildings, and attachment.Fees, arrears of engineering funds, contracts such as claims and rights protection.The above -mentioned economic and legal risks are evaluated by the competing person.
After the transaction is sold after the land, the competent person must pay the remaining funds to the account designated by the public resource trading center within 3 working days after the contract is signed.All transaction prices are used to pay relevant taxes and fees, and all the project funds arrears in the project of the land project, and the mortgagee of the mortgage to pay the debt on the transfer of the transaction target transfers.
Evergrande Group's debt crisis has gradually been exposed since 2021. Many projects under construction have been suspended due to arrears of engineering funds. In addition, Evergrande's wealth products cannot be redeemed on schedule.At present, Evergrande is still in the process of debt reorganization. On July 29 this year, Evergrande announced the preliminary reorganization framework, but the complete reorganization plan has not yet been released.
Evergrande has sold a number of assets in the past two years, including the equity and development project of the company held.Recently, China Evergrande announced on November 6 that a land -held land held by the Affiliated Corporation has been sold by assets to be sold at a price of 636 million US dollars. The income will be used to repay the company's loan.The project will record $ 770 million in losses.
According to the preliminary reorganization framework announced in July, Evergrande will arrange asset packets as a guarantee for the reorganization of overseas debt in accordance with the law.The equity of overseas subsidiaries, which is directly or indirectly held, and assets that overseas creditors can pursue according to law.
China Evergrande, Evergrande Automobile, and Evergrande Property are still suspended in Hong Kong stocks. The three companies have not disclosed the audit financial statements of 2021.
