Subsequently, the shareholders changed the information and announced that Sunac's "closet bottom" project ushered in a turning point.

According to recent industrial and commercial data, Sunac transferred its 89.678% equity of Oceanwide Construction Holdings Co., Ltd. to CITIC Trust and Wuhu Huarong Capital Yu Chuang Investment Center, which held 64.678% and 25% respectively. After the transfer, Sunac's shareholding ratio decreased to 65,438+00.322%.

It is reported that Oceanwide Construction Holdings Co., Ltd. was acquired by Sunac from Oceanwide Holdings in June 20 19, with a total consideration of148.87 million yuan. The company owns Shanghai Dongjiadu Project and Beijing Oceanwide International ProjectNo. 1.

According to informed sources, this is not aimed at the sales of the project, but a project equity financing cooperation, and it is only aimed at the Dongjiadu project.

The investors are China Huarong, CITIC Trust and a consortium of six banks led by Shanghai Pudong Development Bank (Shanghai Bank, Shanghai Rural Commercial Bank, Bank of Communications, Industrial Bank and Bank of Beijing). The total amount of new financing will exceed 654.38+02 billion yuan, and the injected funds will be used for the overall development, construction and operation of the project.

When the investment exits, AMC and bank financing have priority. After the financing is fully repaid, Sunac will buy back the equity.

Dongjiadu project is the only undeveloped land on the Bund in Shanghai. In May 2002, Oceanwide Holdings acquired three plots of Dongjiadu 10, 12 and 14 at zero cost, about120,000 square meters.

After Sunac took over, it quickly developed Sunac Bund 1 Courtyard on plot 10, which was opened twice in July and September of 20 19. The price was 12 10000 yuan/square meter, and the sales exceeded150000. It is understood that the total area of the project is about 688,000 square meters, and the corresponding value of the unsold part exceeds 50 billion yuan.

An industry insider who came into contact with the project in his early years told me that the demolition cost of the 36Kr 10 plot was about 40,000 yuan per square meter. "At that time, we estimated that the demolition cost of 12 and 14 was about 65,438+10,000. 」