Green scene holding main business idle mine is just the story "Tian Yu Department" Yu Bin Hide

Green View Holding (market, interrogation) is currently 184 million of the stock, the price of 7.5 yuan, the total market value of 1.386 billion yuan, is undoubtedly a high-quality shell resources. For a property company with a tight capital and no new projects in hand, the market has long branded it "shell resources," from the company's name to the green-view holdings, from Joan Energy, Evergrande Real Estate and green-view property. 　　Financial profit PO, current savings rate increase 1000% at present, the green scene holding the traditional main real estate business almost idling, and the new mining story has not been opened, August 13, the company announced 2013 semi-annual report, net profit loss of 4.02 million yuan. 　　famished, "shell" resource value again highlighted, a time Huawei Communications, Jiannanchun, Chenguang rare earths have become hearsay object. 　　High-quality "shell resources" until now, the Green landscape holdings in the transformation of the road is still not harvested, the traditional main real estate business almost idling, and the new mining story has not been opened. has been listed for nearly 22 years, the green scene holding the current share capital of 184 million, the stock price of 7.5 yuan, the total market value of 1.386 billion yuan. 　　In the eyes of ordinary investors, the company seems to lack the value of investment, in the past decade only one transfer, the highest share price only touch to 22.63 yuan (after the right to return). However, in another identity, the green landscape Holdings is undoubtedly a high-quality shell resources. 　　Whether it is below the market value of 1.5 billion yuan, or less than 200 million of the equity capital to buy the shell side provides the most convenient asset injection channel. At present, Guangzhou Real Estate Development Co., Ltd. shareholding ratio of 22.65%, while the real estate control person Yu Bin Indirect shareholding 20.385%, for the actual control of the green landscape. 　　If you want to achieve the absolute holding ratio, the backdoor only need to inject not less than 1.386 billion yuan of assets. The most valuable is the green landscape property often walk the river but never wet shoes. 　　No mortgage, no lawsuit, no assets freeze, as of this year, the report, its assets and liabilities ratio of less than 22%. The company's 2012 annual report showed that, as at the end of last year, the company's inventory of only 185 million yuan, money only 12.63 million yuan. 　　The company does not have any new land reserves, nor is it able to buy new plots, even without any long-term short-term borrowing, basically in the "famished" state, follow-up performance is very weak. 2013 1-June, Green View Holdings to achieve operating income of only 8.5195 million yuan, down 44.04% year-on-year, 　　The net profit of a non-recurrent profit and loss attributable to the shareholders of a listed company is 6.1899 million yuan, the net amount of cash flow generated by the operating activities is 1.5964 million yuan, and the basic earnings per share is 0.0242 yuan. Due to the rapid shrinkage of real estate business, in 2011, the Green View property announcement was renamed the Green Landscape Holdings, and increased business scope, such as project investment, mineral resources investment and mining. 　　The actual control person Yu Bin "Tian Yu department" has the nanning big-kun mining and the Binyang County big-kun mining industry, contains the non-ferrous metals to have gold, silver, iron, lead, zinc and so on more than 20 kinds. In addition, the green landscape Holdings began to divest non-performing assets。 August 10, 2011, by the company's eighth session of the Board of Trustees of the 24th meeting, the decision to cancel its holding subsidiary of Guangxi Guilin Yongfu Green King Industrial Park Investment Co., Ltd. and Guangxi Guilin Yongfu Beauty Real Estate Development Co., Ltd., October 12, 2011, approved by the Yongfu County Administration for Industry and commerce, 　　The two companies were granted cancellation. However, until now, the Green landscape holdings in the transformation of the road is still not harvested, the traditional main real estate business almost idling, and the new mining story has not been opened. "At present, the company can carry forward less income, more nervous capital, there is no new projects to start, and no mining projects." "The clearest company status that a senior executive at Green King has summed up on the investor relations platform this May 9. 　　The company has repeatedly stressed that the transition is now gradually withdrawing from real estate, this year's operating point is to sell inventory at the same time looking for new projects. In the view of many investors, the little wool of the green landscape holding transformation is probably the stock property of the company 180 million yuan. The company to inventory speed is very slow, last year only in the real estate business returned 19.89 million yuan, and the first quarter of this year only sold 3 million Yuan property. 　　Market analysis that, in accordance with the current a-share market state, the hope of the short term is extremely slim, but do not exclude the company in the waiting time for regulation and relaxation, so that the big shareholder under the backdoor Green landscape holdings in the A-share market listing. At the time of its two business alternation, "shell" value gives the market infinite imagination space for a while, and the most mysterious is the attitude of the big shareholder Guangzhou Real Estate Development Co., Ltd. controlling people Yu Bin. "In the past two years, the green landscape holding has little capital operation and it is difficult to discern the views of major shareholders." 　　"A long track of the company researcher said. 　　The disappearance of large shareholder market analysis that Yu Bin chose to passive treatment of green landscape holdings, but in the shell source to seek possible arbitrage opportunities on the unequivocal. Data show that the green landscape Holdings has three degrees of easy owners. 　　Evergrande Group in 2002 backdoor June Energy (Green Landscape Holdings predecessor) listed, and in 2003, the replacement of assets; In 2006, Evergrande only 78.89 million Yuan price will be held by the green landscape real estate shares transferred to Guangzhou Real Estate Development Co. Market analysis that Yu Bin may also really want to use this a-share listing platform to do their skills. The fundamentals have improved significantly as Green landscape Holdings raided several projects in a year or two after Yu Bin took over. 　　Even in the real estate trough of 2008, Green Landscape Holdings still made a net profit of 56.64 million yuan. The good posture lasted only 2009 years. This year, the days of goodwill home into the high interest debt crisis, Yu Bin in the transfer of the assets of the company hope that the green landscape holding this shell sold to HNA home. 　　According to the reorganization plan, the green scene holding will buy its own property assets, including 100% stake in the hotel management company, 100% stake in urban construction, and Yanjing Hotel 45%, with a preliminary estimate of 1.867 billion yuan. Because of the real estate regulation policy, which lasted more than a yearThe asset-restructuring plan ended in failure. Since then, the big shareholder Yu Bin seems to have disappeared on this platform of capital operation. The announcement shows that in recent years, the company has neither long term borrowings nor received any land reserves, 　　The net cash flows from operating activities fell from the 29.4911 million yuan in 2011 to 130 million yuan in 2012; The net cash flows from the fund-raising activities also changed from 2011-274,000 to 2012-10.25 million. Up to now, although the green landscape holdings is still in the "Yu Bin" head of the actual control, but the actual operating level has almost no "Tianyu" shadow. 　　Many investors in the company investor relations Platform complained that the big shareholder Yu Bin to the green scene holding indifferent, and according to the company's secretary Wang bin revealed the news, major shareholders are not currently the idea of capital injection. 　　However, its gossip "boyfriend" also includes Huawei Communications, Jiannanchun, Chenguang rare earths ... Company Dong Wang bin also said: "Major shareholders have no capital injection plan, the company's work at this stage is to revitalize the existing inventory." However, market analysis believes that the grabs of the green landscape Holdings is a reflection of Yu Bin's grip on opportunities. Yu Bin chose to take a passive approach to green-landscape holdings, but it was never ambiguous to seek possible arbitrage opportunities from the shell source.