I. Enterprise’s state-owned equity transactions
This week, the volume of concluded transactions of state-owned equities of enterprises of CBEX reached RMB1.53 billion, with a substantial increase year-on-year. The business service, real estate and instruments manufacturing industries ranked the top three. The project of “100% of stock equity of Sanya CITIC Investment Co., Ltd” owned by a subordinate company of CITIC Group was transferred to a private enterprise.
The total amount of newly listed projects reached RMB2.585 billion, with some drop year-on-year. The real estate industry, transportation, warehousing and post industry as well as electric and heating power generation and supply industry ranked the top three. The project of “67% of stock equity of Zhanjiang Lihua Property Service Co., Ltd” owned by a subsidiary of China National Agricultural Development Group Co., Ltd. was listed at a price of RMB1.341 billion as a key project of this week.
II. Projects concerning physical assets and non-state-owned equity
This week, CBEX promoted a number of projects concerning physical assets. The project for transfer of “use right concerning part of land at east of Sixth Xueyuan Road (High-Tech Zone, Nanchang) and north of Tianxiang Road as well as No.3, 15-1 and 15-2 buildings on the land” owned by CECEP Environmental Protection Investment Development (Jiangxi) Co., Ltd. was listed at a price of RMB83 million.
Concerning non-state-owned equity, the project for transfer of “creditor's rights of RMB1.457186 billion of Legend Holdings Corporation” was listed at a price of RMB1.023 billion. The creditor’s rights were based on the loan contract signed between Legend Holdings Corporation and Fenglian Wines Holding Group Co., Ltd on October 2012 for business development.
III. Financing and investment promotion projects
This week CBEX promoted a number of financing and investment promotion projects. The financing project for Pingding Jintan MSME Incubation Park was listed, planning to raise fund of RMB40 million. An incubator company under Shanxi Zhaocaiyu Group acquired a piece of land covering an area of 300 mu (20 hectares) at Pingding High-Tech Zone, Shanxi. The land, on which an incubation park will be built, is located at the core area of the high-tech zone, with great potential for appreciation. The company plans to raise fund of RMB40 million in the forms of creditor's rights or stock equity. Land-transferring fees should be paid by the end of the year.
IV. Projects at professional platforms of CBEX
This week, the professional platforms of CBEX also listed a number of key projects. The project for transfer of “No.9, 10, 11 and 16 housing properties at Lane 268, Linxin Road, Changning District, Shanghai” owned by Agricultural Bank of China Financial Leasing Co., Ltd. was listed at a price of RMB379 million at Beijing Financial Assets Exchange. The properties are office buildings at Yangtze River International Enterprises Square in Shanghai Hongqiao Airport Economy Park, covering a total building area of 25,344.77 square meters. The land is used for industrial purpose, with remained tenure of use of 41 years.
V. Dynamic quoting projects
This week, 113 dynamic quoting projects were listed, including projects of physical assets of administrative institutions, vehicle assets and large-scale property in kind, with a total startup listing price of RMB1.442 billion. A total of 52 dynamic quoting projects were concluded, with a turnover of RMB418 million, including projects of large-scale property in kind, physical assets of administrative institutions and vehicle assets that were concluded at a premium rate of 80.66%, 26.19% and 20.23% respectively.