Baosteel Hotel Four-degree listing central enterprises stripping non-main business obstacles

For some business situation, the property rights of the hotel assets of the central enterprises, the non-main hotel assets stripping process is not so easy to imagine.　　Daily economic news reporter noted that Baosteel Group is located in the Beijing Chaoyang District 18 Li Dian Xiang 10 Li River, a hotel assets Beijing Baosteel Hotel property Rights April 26 again in the Beijing equity exchange of central enterprises in the transfer of property rights projects appeared. "This is the fourth time the project has been listed.　　Yesterday (27th), the project property brokerage company Beijing Light Property Brokerage Co., Ltd., said the reporter, may be the price reason may be other reasons, has not shown the intention side.　　According to the industry analysis, in the central enterprise exit from the main hotel assets in the process, operating conditions, property rights and other issues, is still the market transfer process is facing a major obstacle.　　Three times listed no results according to the listing information of Beijing Property Exchange, Beijing Baosteel Hotel's overall property rights to the price of 44.17 million yuan, the hotel by Baosteel Group Baoshan Hotel holding 100% stake for Baosteel Group Limited assets. Previously, according to the relevant hotel experts estimated that the number of hotel-owned hotels at least 2000, involving the total amount of assets may reach more than billions.　　According to statistics, 90% of the hotel is the central enterprise below the level three companies, due to poor management, many hotels are less effective, and Baosteel Hotel's operating situation is probably also part of this column. The listing announced that Beijing Baosteel Hotel was closed in 2006. The monthly report issued by the Enterprise financial statement of September 30, 2008 shows that　　The hotel assets amounted to 20.368 million yuan, operating profit-985,100 yuan, net profit-1.703 million yuan, net assets of 20.2455 million yuan, while the Beijing Sino-China Assets Assessment limited liability company to the company's net assets of the valuation value of 44.1621 million yuan. Prior to this project has experienced several times listing. The listing announcement shows that the first listing time for Baosteel Hotel transfer project is July 7, 2009, and the second time is August 13, 2009.　　Since September 29, 2009 the third listing has been postponed, in the listing period did not produce the intention of the assignee.　　The project announced the announcement period is from the date of the announcement of 20 working days, Baosteel said, after the expiry of the listing, if not collected to the intention of the assignee will be postponed, do not change the listing conditions, until the intention of the solicitation to the assignee.　　Reporter noted that the conditions of the assignee, Baosteel has not made a number of business conditions and other hard indicators, only to make a good financial situation and ability to pay, with good commercial credit, the intention of the assignee as a natural person, should have full civil capacity and so on. Problems of operation, property rights or obstacles but the reporter noted that in the important Information Disclosure column, the company disclosed a number of information on the property rights of the hotel, in the view of the outside world, a lot of information is obviously unfavorable to the transfer. For example, listing information shows that the marked enterprises in August 2008 to reduce capital of 61.355 million yuan, but the "enterprise State-owned property registration certificate" has not been changedMore registration procedures, so that its state-owned property registration certificate registered Paid-in Capital and the actual discrepancy; the transformer room and garage house in the building have not yet handled the housing ownership certificate; As of the benchmark date, the enterprise has not yet divided the remaining land area after expropriation for the "state-owned land use certificate"; "Housing ownership certificate" provided by the standard enterprise　　, the housing buildings in the laundry, the old garage for the illegal housing, but still included in the property rights area, the temporary assessment of the complete property rights. In addition, as of the base date, the hotel's "state-owned land use certificate", "Housing ownership Certificate" records the land users and owners of the house is still Beijing Kam Yan Building Hotel.　　According to the "Certificate of Change" provided by Beijing Baosteel Hotel, the name of 2000 Beijing Jin Yan Lou Hotel is changed to more Beijing Baosteel Hotel, but the property owner of the above property right has not been processed.　　In addition, the announcement also disclosed that all of the hotel's land use right forward planning uses for urban greening land, after the Beijing Chaoyang District Planning Committee verified that the land use right forward planning has not yet issued a specific implementation plan. If the listing does not have the intention side, should be the market transfer in the majority. Yesterday, CIC Securities analysis Shizeng to the daily economic news, "in the process of transfer through the market, price, property rights and other issues are the key factors in the transaction can be achieved."　　"In Zeng View, the market transfer process, the property rights are clear, good assets, profit potential of the hotel is relatively easy to find the party, and for those who are not clear property rights, there are heavier historical baggage, the transformation of the more difficult hotel, may be relatively difficult." It is understood that before the SASAC related policies, some central enterprises have tried to put the non-business hotel assets in the equity exchange listing. "Due to the potential buyers of the hotel assets related to property rights, staff placement and other issues remain a lot of doubt, so the successful listing of the transfer of the case is still rare." "" "Non-main business hotel assets separation, is expected to have 3 ways, the most simple and easy way to transfer, the market is the best way to find value, but the time cost may spend more, and the agreement to transfer the way both fair and efficient. Zeng says there is no new news as to which way it will be taken.