In February, Xiexin and Minmetals Trust jointly established the "Xiexin China Fund Collective Fund Trust Plan (Phase I)". The funds in the trust plan will be used for the equity investment of enterprises or projects owned by Xiexin China, with the issuance scale of 900 million yuan and the issuance period of two years. The expected annual interest rate is 9.2%- 1 1%.
In addition, Xiexin also cooperated with Minmetals Trust to issue the "Xiexin Urban Development Fund Collective Fund Trust Plan" of 654.38+0 billion yuan. The raised funds will be used to increase the capital and share of Chongqing Xiexin Group Urban Construction and Development Co., Ltd., and the issuance period is 2 years. The expected annual interest rate is 65.438+00%-65.438+03%, and the actual raised funds are 889 million yuan.
According to the situation of Xiexin Real Estate official website, in addition to Minmetals Trust, Xiexin has capital cooperation with Shanghai Midtown Alliance Investment, Han Wei Fund, Hongjing Capital, China Resources Trust and Industrial Trust. However, due to the opaque financial situation of the company, Time Weekly reporters have been unable to accurately inquire about the specific amount of external financing.
"From the perspective of layout and expansion in all aspects, Xiexin is a relatively ambitious developer, which is not at the same level as the recently listed housing companies such as Xuhui and Xincheng." According to Xue's analysis, although the capital interest of trust and other financing methods is higher than that of banks, it is normal for those rapidly expanding housing enterprises to sacrifice part of their profits to attract foreign investment. When the property market heats up, Xiexin may be overvalued in the capital market like Longhu and Evergrande. However, at present, Hong Kong's investment market has not recovered, and foreign investors are becoming more and more critical. It is hard to say whether Xiexin can tell another beautiful listing story.
"To a large extent, housing enterprises eager to go public in Hong Kong are essentially passive behaviors." Some investment bank bosses who did not want to be named analyzed that "the monetary policy in the Mainland has not been loosened, and the financing channels for unlisted real estate enterprises are very limited. In addition, in order to prepare for listing, many real estate enterprises do not hesitate to spend a lot of money to get more land, so the financial pressure is even greater. If you don't go public, there may be problems in the capital chain. Therefore, in the case of forced funds, they can only be forced to go public to ease the financial pressure and seek to open financing channels. "
Although as early as last June, Xiexin indicated that it was expected to land on the Hong Kong main board market at 20 12 and 12, so far, Xiexin's IPO in Hong Kong has not yet taken place. Has the plan been shelved? Sun Tao simply denied that the company is still actively planning to go public, but it is not convenient to disclose the specific progress at present.
On June 30, 20 13, Xiexin officially made its debut in two commercial real estate projects in Shanghai, Hongqiao Xiexin Center and Central Xiexin Tiandi.