PetroChina to withdraw from real estate "queued Cash"

Yesterday, the Beijing Stock Exchange website information showed that PetroChina group will be the Beijing city of the San King Real Estate development company 100% Equity listing transfer. This is since March this year SASAC issued a non-real estate industry central enterprise "limit withdrawal order", but also a transfer of real estate project equity of the central enterprises. Up to now, China's nuclear industry group, China Aerospace Science and Technology Group, Harbin Electric Group and many other central enterprises have been listed under the transfer of property projects.　　However, relative to the previous 78 housing companies have been reported as scheduled "exit plan", the current number of listed transfer is relatively not much, the listing volume "outbreak" has not yet arrived. The transfer of the city of the company for the China Petroleum and Natural gas group Du Peng Real Estate Development Co., Ltd. 100% Holdings, listed since yesterday, until June 4, the transfer of assets in addition to the target of 100% of the company's equity, there are about 65 million yuan in debt, the listing price in total 126 million yuan. The main conditions for the assignee is the intention of the assignee or its holding parent company registered capital of not less than 700 million yuan, with real estate development experience.　　In fact, since Sasac March 18 announced 78 non-real estate industry central Enterprises withdrew from the property business, PetroChina Group is not the first company to sell its real estate projects, but it is the first of its real estate projects 100% transfer of the central enterprise. Earlier, in announcing the "withdrawal order", that is, March 18 this year, China Aerospace Science and Technology Corporation will be its 3-level subsidiary of Beijing Gold and Chinese capital of the company's 80% equity hanging out; the next day, China Nuclear industry group listed transfer of Beijing new run Real Estate Development Co., Ltd. 8% stake, since then, Sinopec Group, China Merchants Group has also followed up, the transfer of the real estate company shares of 50% and 8% respectively.　　By contrast, after a certain period of preparation, the listing of the central Enterprises launched a more "exit" than before seems to mean. April 30, Harbin Electric Group also held two real estate industry company shares "packaging" to dispose of. According to the announcement of the Beijing Stock Exchange, HA Power Group's subsidiary Harbin Ha Electric Real Estate Holdings Limited 35% shares and Harbin East Force Real Estate Development Co., Ltd. 25% shares of the "packaging" listed transfer, the above two marked the listing price of 114.22 million yuan and 42.53 million yuan respectively, The total is about $156.75 million.　　As for the intention of the assignee is very broad, good financial situation, ability to pay and good commercial credit of domestic and foreign enterprises or natural persons can participate in the listing. Analysts pointed out that although the "retreat" impact of the central enterprises reached 78, and have also drawn up the exit plan, but because the central enterprises have put a lot of money into it, some projects and projects are in production, so the possibility of a quick exit is not very. At the same time, in view of the current real estate market is facing unprecedented regulation, a lot of money and dare not choose to take a stand on the cusp, even if a short period of large quantities of project companies may be difficult to digest the listing, so this "exit" will be a long-term process.