Nanjing King of the change of the car park ownership interests complex led to idle for many years

He Gao in Nanjing Baixia District, the same gold commercial land, the fate is so different. April 8, is located in the Baixia District of the Golden Eagle Three, the official start of the gold-inch, and will erect a 220-meter landmark high-end shopping malls, scenery Unlimited.　　At the same time, the Golden Eagle idle for many years the king of the Iron Pipe Lane A, C block also ushered in a new transformation, but not to start, but is used as the Golden Eagle shopping area of the car park, delivered before the end of May. "It is a great irony, and the king of the Earth, the fate is so great disparity." "One of the core people who had been responsible for the operation of the King of iron pipes in the relevant area, said to reporters, originally thought last year in the local government departments under the leadership of the local state-owned enterprises Phoenix Shares (600716.SH) (see this newspaper August 12, 2010" 1.1 billion chestnuts out Nanjing King Phoenix Nirvana ")　　The king can end up more than 6 years of idle career, unexpectedly is the result. This reporter further learned that the information from the Phoenix shares show that the plot is currently expected to start in July 2012.　　And the reasons behind the continued delay, the interests of entanglements, numerous and complex.　　The vacant land King was famous last year in the "List of 1457 vacant lands", and what is the status of the remaining thousands of vacant lands behind the continuing idleness? The new role of idle King: Parking lot January 15, 2004, Iron Pipe Lane A, C block first sell that encounter fierce competition, Shanghai All Nippon Investment Co., Ltd. and Wei Industrial Development Co., Ltd. jointly with 545 million yuan, which a plot to 31455 yuan/square meters to become Nanjing "unit price king."　　But a year later, the two companies in the payment of security and transfer of gold 82 million yuan after the inability to pay the remaining land transfer gold, the plot was withdrawn in early 2005; September 10, 2005, two degree auction, Shanghai Tai Long Real Estate Development Co., Ltd. (hereinafter referred to as "Shanghai Tai Lung") 520 million yuan bid. Tyrone originally claimed to invest 1.5 billion yuan to build 518 meters of "Asia's first high-rise", so that the plot again become the focus, but this is precisely the beginning of the idle fate of the king.　　Therefore, the exact calculation, the Iron Pipe Lane king from the transfer has been idle and has not developed the state has been more than 7 years.　　For the "guarding" the idle Wang early start to build a first-class commercial landmark of the surrounding residents, April 8 Golden Eagle Shopping Mall with a message that comes with frustration. From the latest information from Nanjing, Baixia District combed the surrounding available resources, readjust Phoenix property ownership of the East Iron Pipe Lane A, C block planning, Golden Eagle has been with Jiangsu Phoenix Real Estate Co., Ltd. (Phoenix shares wholly-owned subsidiaries, hereinafter referred to as "Phoenix Home") signed,　　Will be a block from the District real Estate management company to the international control of the use, C block in May before the end of the Golden Eagle International as a parking use. July 28, 2010, Phoenix shares issued a notice that Phoenix home to buy Chongqing run source Infrastructure Investment Co., Ltd. (hereinafter referred to as "runThe source company ") holds the Nanjing Longfeng Investment Real Estate Limited Company (the Iron Pipe Lane A, C plot's Project Corporation) 74.81% Equity, the original contribution amount is 300 million yuan, after consultation, the equity transfer price is determined to be 650 million yuan.　　The acquisition, which once let the parties concerned about the fate of the king very much look forward to, but now, the rest is still waiting.　　Phoenix shares of the annual report disclosed that the Iron Pipe Lane A, C block the latest expected time for the start of July 2012, continued to delay the reason is one of the plots "land transfer payment has been completed, the land use right certificate has not been achieved." But the people familiar with the matter said that the relevant plots have been completed in 2005 and around the relocation, the state has been for many years.　　The key reason for the delay is the complex relationship of ownership and interest, which is the key factor that has made the King idle for many years.　　The obstacle of the Earth King's rebirth counted the main actors appearing on the stage of the King of Nanjing Iron Pipe Lane. In addition to the Phoenix shares, Shanghai Tai Lung, there are many such as Chongqing, such as "well-known actors", and the Irish wealth Holding group, Shenggao (0337.HK) and the king of the "gossip".　　The source said that in 2010, finally, under the coordination of local government departments, Phoenix shares eventually into the board, but in fact, this step did not completely eliminate the site's subsequent development of all the obstacles.　　Phoenix shares have not been able to fully buy the land Wang Project company equity. In the annual report of Phoenix shares, the reporter saw, as one of the company's seven major projects, Phoenix shares in the Iron Pipe Lane King of the interests of 77.31%.　　This is consistent with the person who said that "Shanghai Tyrone is currently 22.69% per cent of the project's king in Nanjing". In other words, the king is still owned by both parties. And Shanghai Tyrone in the Phoenix shares before the company, with the heavy state-invested companies have been jointly owned by the king, the interests of entanglement, resulting in long-term projects can not enter the construction of substantive, now this role is still, "just with the role of the game changed." "From the outset, even if the planning of the first high-rise in Asia, Shanghai Tai Lung can say almost never peace of mind to develop the king's complete plan, it does not have such strength, even qualifications." "The core insider who knows the ins and outs of this is blunt. "In the end, the dragon has maintained more than 20% of the shares, it is the interests of all parties to fight, compromise results, but this is undoubtedly the cause of the uncertainty of the King's Rebirth."　　"In addition, the Phoenix shares of its own strength to cope with such a king of the development needs, but also more outside the question of another major aspect." Public data show that Phoenix shares in 2010, the company realized operating income of 1.11 billion yuan, operating profit of 244 million yuan, fell 2.13% and 37.6% respectively, the owner of the parent company's net profit of 1.86 billion yuan, down 36.71%. The company's annual EPS for 0.25 yuan, net assets yield of 14.18%, compared to 2009 have slipped.　　People familiar with the matter said that Phoenix shares in order to smooth digestion of the king, has been around to raise money. In 2010, the company proposed to borrow or entrust a loan of 1.2 billion yuan to the controlling shareholder because of the capital demand for the king's takeover.　　And earlier, Phoenix home also through the Nanjing North Branch of ICBC won the Phoenix Publishing Media Group to provide 200 million yuan in the six-month commissioned loans. Ironically, as the king became a nearby mall parking lot, the man who was involved in the King's operation reluctantly said, "How can we say that we should have an estimated million dollars of income every year?" "Information disclosed from Nanjing, at present, Iron Pipe Lane A, C, B, D four of the latest developments in the development of unused plots, the initial planning of the nature of the land is still commercial, office, finance and hotel-style apartments, four plots will achieve" overall development ", the government is interested in the East Iron Road Lane, rich sections of the pedestrian street, while in a　　C Block between the building of a 2000 square meters of green space.　　As of press, Nanjing official and Phoenix shares listed companies, in the above situation, there is no other information on the king of the latest positive disclosure. No.2005g61 block, Nanjing Land-owned (2005) No. 252, as well as no.2005g62 block, Nanjing Land-owned (2005) No. 253, respectively, is the Iron Pipe Alley King shortlisted last year, "1457 Vacant land list" of the contract number and project name. What about the fate of the remaining 1455 of the country and the number of unused land that is not on the list, with local governments directing local capital to take over the invigorated plots?