Oriental Garden 1.6 billion big single truth to slow down the price pressure false notice

August 31, 2010 10 o'clock in the morning Xu, located in the middle of the Liaodong Peninsula Anshan Hot Spring City Landscape engineering site, can see only a few bored to hold a suction plate of scavengers, and surrounding large tracts of land even at least flat signs are not. From Anshan City area about 13 kilometers, Tang Gang town is the Oriental Garden Anshan Urban Landscape Project "big single" one of the project location.　　The investor's report on the eastern Garden of Anshan Agreement on the field investigation also began.　　Oriental Garden Company announced May 21 this year, and Anshan Financial bureau directly under the Enterprise Anshan City Construction Investment Development Co., Ltd. signed the agreement value of 1.6 billion yuan, if it can be successfully completed, then this project is not only the Oriental Garden Company all the price of the highest, but also the history of the largest Chinese garden orders.　　But one of the core questions remains: Where do these 1.6 billion dollars come from? The investor newspaper interviewed local Cheng Jian Ju, planning bureau, City Investment Company and Garden Company in Anshan, and visited the project site mentioned in the bulletin.　　In addition, the "investor" consulted a number of senior gardening industry, and the resulting Oriental garden Anshan Agreement is a full of doubts and fog of the agreement. It's hard to benefit in two years. In this people's mouth "inconceivable" the agreement, mainly includes the Anshan Water River Cross-strait Landscape project, Tang Gang Hot Spring City Landscape project as well as the urban area 4 Sports Park, three total landscape area 5.35 million square meters.　　Oriental Garden announced that the single project design time of April 2010 ~ October, the construction period of 18 months after the construction conditions. This announcement may give the illusion that the construction team of the Oriental Garden will be able to enter the project after October this year, and the 1.6 billion-dollar bill may return the company in 2011. In fact, the key point is whether can have "construction conditions."　　If this vague concept can not be achieved, then the real time of the Oriental garden will be delayed.　　It is puzzling that the first two projects in the Orient Garden-Anshan agreement are almost impossible to complete in two years, and the third so-called sports Park cannot even identify the exact location of the local Cheng Jian Ju. According to the Tang Gang Township government insiders, planning area of 180 square kilometers of Anshan city, the hot springs of the construction period is longer, "it is estimated that within two years will not be covered by a wide range of greening projects."　　"Moreover, the same situation also appeared in the Oriental Garden and Anshan City Investment agreement in another project-Water River Cross-strait Landscape Project, the river through the Anshan urban area, formerly known as the Nansha River, the two sides are still in the original state." Liaoning Xing Li Construction Co., Ltd., which is in charge of the reform of the river channel, said that they were currently in a shutdown situation.　　A staff member of the company told the investor newspaper that because of Anshan government reasons, the original design drawings have been discarded, and the new design drawings are difficult to come out, so can not be constructed, the company has been shut down for two months. "Even now, the river reform project in the vicinity of the Nansha River Culture Island, it will take at least a year, "the person at the River company said that the greening project would not be fully activated for at least a year," and that the river would have to be dug out before they could enter the building. "Even more surprising, the third item in the Orient Garden Anshan Agreement was 4 sports parks, but the address was not given in the bulletin," he said.　　A Anshan Cheng Jian Ju greening office also said it was unclear exactly where the project was located.　　However, the agreement announced in the Oriental Garden said that Anshan's three projects total investment of about 1.6 billion yuan. Without bidding for the "Mayor Project" in Anshan, a local landscape company head of the Wangyi view, such a large amount of investment is incredible.　　The most direct rebuttal evidence is that, over the past 5 years, Anshan has never had a total of more than 100 million yuan per year in landscaping projects. The most incomprehensible thing to the king is that Oriental Garden and Anshan City to sign a 1.6 billion-yuan cooperation agreement, unexpectedly did not go through the bidding process, as an Anshan garden industry veteran, Wangyi even through the notice of the Oriental Garden Company, just know that this "foreign monks, have their own future years of the ' Edge ' away."　　"Generally, the government procurement process generally requires specific departments to do preparatory work, and then through the bidding, to meet the requirements of the enterprises have a fair opportunity to participate in the final project by the lowest bidder." In fact, in previous years Anshan garden projects need to undergo a rigorous bidding process.　　According to Wangyi, last year, a millions of Yuan garden project, including Anshan more than 30 garden companies, and then counted the provinces of the total of more than 50 garden companies to participate in the bid, and the Oriental Garden took the value of 1.6 billion yuan project, but did not bid, which made him puzzled.　　There are also doubts about the Anshan Cheng Jian Ju Green Department director Wang, he told the investor newspaper, before the garden project in the bidding, is the Department of their departments to prepare project evaluation and other relevant information, but the Oriental Garden signed 1.6 billion yuan large list, he did not know before the announcement.　　In addition, he said, because the Oriental garden is handling the project, has not yet entered the construction period, they have not been involved until now. Even with the agreement on Oriental Gardens, Anshan seems to know little about the real details of this sudden arrival.　　Anshan City, an insider in the face of reporters asked questions, although it is a signatory, but this is determined by the leadership of the project, they are not involved in the specific consultation process, so do not know the details. In later interviews, the reporter repeatedly encountered the Oriental Garden signed the "Mayor Project" argument. Anshan Cheng Jian Ju, Anshan Planning Bureau, Anshan City construction project and other people also to the "investor" said: "This is the mayor himself, we do not know the details." According to the local "Anshan daily" records, the Oriental Garden Chairman He Chao twice and Anshan former mayor of the city party secretary Hu Chunli had contact: One is this year, Hu Chunli led Anshan Municipal government team related people visited the Oriental Garden company headquarters; Another is this March 18 Hu Chunli in AnshanStay He Chao Line.　　For the company did not pass the local government bidding on the big single, Oriental garden explanation is: This is the company chairman personally with the mayor or county magistrate to talk about the project, plus is the B-T project, do not need to pass the bidding.　　The so-called B-t project, is the construction-transfer, the project is funded by the construction party, the government in batches of funds to the project side. In fact, this explanation is difficult to get a foothold.　　A person from Jiangxi and often involved in the B-T project of the industry Xu Lingyun to the "investor" said, in fact, even the B-T project will be through bidding, just because the project needs to B-T projects to advance the project, virtually the strength of a slightly weaker competitors out. It is understood that B-T loan financing methods in foreign countries, domestic development is not mature, because the government-related management has not issued a specific monitoring mechanism, coupled with local governments, especially in underdeveloped areas lack of large-scale development funds, but also let the local government to do b-t projects, but the risk of no one to take into account. Because of this, these b-t projects often weeding. "Many of the B-T projects are now out of shape.　　Xu Lingyun admits. The government lacks the money the company also lacks the money Oriental garden Anshan Agreement shows that the landscape engineering involved in the implementation of individual or sectional project completion acceptance, single or phased payment of the project payments.　　In other words, the Oriental garden at least after the completion of individual contracts or sections of the project, Anshan government can pay its part of the project, before the design and construction costs have been borne by the Oriental garden. According to Xu Lingyun, a general b-t project is usually composed of government, investment company and engineering company, the investment company through the bidding to obtain the object, and then find the engineering company, the project proceeds from the investment company advance, the government after the project is completed,　　Related to the value of the plot after the sale of land or direct transfer to the investment company to operate, and some investment companies to the real estate companies, through the development of hand plots to develop projects and profits.　　However, in the Oriental Garden signed an Anshan big single, the investment company is invested by Anshan City, therefore, the Oriental garden is basically not likely to get advance payments from the parties, can only rely on their own investment to advance the so-called start-up funds. Moreover, the Anshan municipal government has been committed to urban transformation in recent years, the public sector has long been a problem of capital, Anshan City cast in May this year issued a 2 billion-dollar bond is an example.　　But then the NDRC halted the issuance of the city's bonds, which meant that, at least in the short term, Anshan could no longer raise money by issuing local debt, which was the main way to finance it. Wangyi, head of Anshan, a garden company, said the Anshan government had little money to pay for the 1.6 billion project in Oriental Gardens.　　Since the Anshan government has not yet closed the 2007 project, it is a common problem in more than 30 landscape engineering companies in Anshan. According to Wangyi, 2009 Anshan government also paid only 30%The company's Garden Works section.　　So far, the government has paid no money for its garden projects.　　In addition, according to the State Council regulation on the adjustment of capital ratio of fixed assets investment projects, the minimum capital ratio of fixed assets investment projects in each industry is 20%.　　This rule for Oriental garden in the hands of 4 billion yuan worth of orders, need to prepare 800 million yuan of capital, but, the current account of Oriental garden can be used in the garden project only about 200 million yuan of funds, obviously facing financial difficulties. In fact, the Anshan aspect for Oriental Garden company itself also know very little.　　The director of the Anshan Cheng Jian Ju Green department said that because Anshan urban construction is developing rapidly, and the listed companies such as Oriental Garden contracted, because they believe that their design and construction ability is stronger than local enterprises, but he also said that do not know what Oriental garden is a company. In order to slow down the price of the pressure issued a false announcement since the listing last November 27, at least Oriental garden in the performance of shares in line with the "good company" title.　　As the first garden greening industry listed companies, the company after the right to return the shares of more than 400 yuan, and relative to the 59 yuan issue price, has been more than 6 times times the proceeds.　　Perhaps because the company's stock price is too high, Oriental Garden admits recently the pressure is very big, but the company is still taking evasive approach to the fund problem that the broad investor concerns.　　When the investor reported to the Oriental Garden to consult these questions, the company chairman He Chao did not answer directly, but used a "if you do not understand, do not ask such professional questions" to stall reporters.　　However, Oriental Garden should still feel the pressure of the capital chain. At least in the Anshan Municipal Garden project, once a "Oolong" bulletin shows this. Oriental Garden in early July issued a "on the abolition of the original urban construction agreement with the important announcement", the content is: based on the Anshan Development and Reform Commission to stop the new bonds, the original Anshan in May issued 2 billion of the bonds of only 600 million for the Water river in the early renovation, landscape engineering financial support!　　Therefore, the original agreement was cancelled after consultation between the two sides. To this end, Wangyi to see this announcement, the first time to ask the management of Anshan city, but get the answer let him greatly surprised, "and did not cancel the agreement, that is because the Oriental garden He Chao feel their company's stock price too high pressure, out of false news." After a few days, the Oriental Garden withdrew the announcement.　　At present, it is hard to find the revocation announcement on the Internet.　　Just make Wangyi and the vast majority of investors can not understand is: If as a listed company, Oriental Garden can be because of their own stock price too high, but to release false news, then, for this confusion and the fog of the Oriental Garden Anshan Agreement, the paper on the 1.6 billion yuan in the end is it credible? Perhaps, in the face of "investor" reporter asked about the company's capital chain problems, Oriental Garden's Dong Wu Jianjun once slam the door and left a sentence, can be used as a company attitude annotation, "love write what to write, big deal onis to affect the stock price for a day or two. ”