After four months of suspension preparation, the overall listing plan of the property group was finally released. Cuhk announced yesterday that it intends to issue shares to the comprehensive capital company and the transportation group, the two major shareholders of the property group. The overall price of the property group is 65.438+0.0489 billion yuan; At the same time, it invested and issued shares to Huang Xun to purchase 9.60% equity of Property International, and raised 2.629 billion yuan from 9 specific targets at 8.86 yuan/share.
Yesterday, Zhong Da resumed trading with a daily limit of 1 1.42 yuan/share.
Large-scale merger of products with major shareholder assets
10 June 13, Zhejiang property group, the first reform order of state-owned assets and state-owned enterprises in Zhejiang, launched the overall listing. 65438+On February 26th, the Zhejiang provincial government approved the overall listing plan of the property group, making it clear that the overall listing of the property group is mainly based on Zhong Da property, absorbing and merging Zhejiang Property Group Co., Ltd., issuing shares to purchase assets and raising matching funds.
After a series of equity transfer and divestiture, the company announced the resumption of trading on the evening of February 12 after four months of suspension.
According to the plan, Zhong Da plans to issue a total of165438+84 million shares to the two major shareholders of the property group, including 734 million shares to the comprehensive capital company and 450 million shares to the communication group. After the assets of Property Group are injected into Property Zhong Da, its 36,543,800,000 shares in Property Zhong Da will be cancelled, so the actual number of new shares in this merger is 874,000,000. Before this transaction, the controlling shareholder of Land Zhong Da was Land Group, and the comprehensive capital company was the controlling shareholder of Land Group.
After the transaction is completed, the controlling shareholder of Zhong Da Property will be changed into a comprehensive capital company, and Zhejiang SASAC will remain its actual controller.
The property group, formerly known as Zhejiang Materials Bureau, was transformed into an enterprise owned by the whole people and a limited liability company in 1996. At present, the main business income of the property group comes from commodity supply chain group, automobile sales and after-sales service, real estate and other services.
In 20 13 years, the property group realized operating income of 188354 billion yuan, up 9.72% year-on-year, and net profit of 1389 million yuan, up 25.30% year-on-year. In the first nine months, the property group achieved operating income of135.049 billion yuan and net profit of103.4 billion yuan.
Supporting fundraising was 2.629 billion yuan.
The overall listing of the property group will further expand the business of the property company.
Cuhk said that the comprehensive service business of commodity supply chain of CUHK Group will be injected into listed companies as a whole. Taking this transaction as an opportunity, Zhongda will form an ecological chain of modern circulation enterprises in the Internet era through supply chain integration, industrial chain management and value chain upgrading, and build a new comprehensive trading company in the circulation 4.0 era.
In addition, Zhong Da Real Estate will also purchase 9.60% equity of Land International owned by Huang Xun Investment. The appraised value of this part of assets is 65.438+0.45 billion yuan, and Zhong Da Property intends to invest and issue 65.438+0.64/kloc-0.39 million shares to Huang Xun at 8.86 yuan/share.
In addition to issuing shares to purchase assets, Property Zhong Da will issue no more than 297 million shares at 886 yuan per share, and raise no more than 2.629 billion yuan in matching funds. Subscription targets are Zhejiang Property Employee Stock Ownership Plan, Paradise Silicon Valley Rongyuan, CITIC M&A Fund-Xin Zhe Investment, Zhongzhi Xinqiao, Junlian Capital, Qihang Fenghe, Xing Zheng Asset Management, Sanhua Holdings and Huaan Asset Management. Among them, the subscription amount of employee stock ownership plan is 65.438+34.9 million yuan, accounting for 6.97% of the total share capital of the property after the completion of this transaction; The subscription of Paradise Silicon Valley Rongyuan does not exceed 300 million yuan, accounting for 65,438+0.55% of the shares; Zhongzhi Xinqiao subscribed for no more than 200 million yuan, accounting for 65,438+0.03% of the shares.
It is worth noting that the employee stock ownership plan of Zhejiang Property is expected to be established before the second board meeting of Zhejiang Property considers this transaction. Cuhk said that the participants in the employee stock ownership plan mainly include the management and business backbone of Cuhk and the headquarters of the property group, some subordinate member companies.
Regarding the use of the raised funds, Zhongjingda said that it will be used for the main business development of listed companies after the transaction, including comprehensive services in cross-border electronic commerce and supplementary liquidity.
The reform of state-owned enterprises in Zhejiang Province has been continuously promoted.
In the tide of mixed ownership reform of state-owned enterprises, the overall listing of property groups is a sample of state-owned enterprise reform in Zhejiang Province. In order to promote the overall listing, the property group gradually divested the assets that did not meet the requirements of listed companies.
The company said that taking this transaction as an opportunity, the products will form an ecological chain of modern circulation enterprises in the Internet era through supply chain integration, industrial chain management and value chain upgrade, and build a new comprehensive trading company in the circulation 4.0 era, further enhancing the strength of its main business and enhancing its future profitability.
The company expects to complete the transfer formalities of Zhongtuo shares in the property before the second board meeting considers the transaction.
It is understood that since September, the reform process of Zhejiang state-owned enterprises has accelerated. In September, our province issued "Opinions on Further Deepening the Reform of State-owned Enterprises", proposing that in 3-5 years, the proportion of households with mixed ownership of provincial enterprises will reach 75%, and the securitization rate of state-owned assets of provincial enterprises will reach about 75%.
In addition to the property group, the reforms of other provincial enterprises such as Zhejiang International Trade, Hangzhou Steel, Energy, Railway, Transportation Group and Agricultural Development Group are also constantly advancing. The listed companies involved are Juhua, Feida Environmental Protection, Hanggang, Jiangshan Chemical and Zhejiang Dongfang. At present, Hanggang shares are also suspended due to major asset restructuring.
Multiple benefits have helped the real estate to rise sharply.
According to the analysis, the overall listing of the Fortune 500 enterprises' property groups meets the expectations and requirements of Zhejiang Province for the reform of state-owned enterprises, and it is expected that the property groups will benefit from multiple benefits such as the reform of state-owned enterprises, the automobile aftermarket and financial transformation.
This time, the optimistic degree of the overall listing plan of the property group can be seen at a glance from the "shining stars" of the fixed subscriber camp. It is rare for well-known "people" in the capital markets such as Paradise Silicon Valley, Ciic, CITIC and Junlian Capital to get together.
Among them, Paradise Silicon Valley Rongyuan, a subsidiary of Zhejiang Paradise Silicon Valley Asset Management Group Co., Ltd., was established on June 27, 65438, and Zhejiang Paradise Silicon Valley was held by Silicon Valley Paradise Asset Management Group Co., Ltd. with 5 1.84%. Founded in 6543818 October, Zhongzhi Xinqiao is a wholly-owned subsidiary of China Shipping Rong Sheng. The actual controller of Zhongzhi Xinqiao is Xie Zhikun.
A number of institutions said that a large number of high-quality assets of the property group have not been securitized before, and the overall listing of the group will help the property to greatly open up the market value growth space. Daily business daily