Shanghai Real Estate Group integrates speed-up Chinese enterprises to suspend investment

NetEase Financial May 18 News Chinese Enterprises, Jinfeng investment in the evening both issued a notice, said the company's controlling shareholder Shanghai Real Estate Group is studying the major issues involving the company.　　To prevent fluctuations in the company's share price, the company's shares have been suspended from May 17 to 5 working days, and will be announced in 5 working days after the relevant progress.　　Prepare for the overall listing? Shanghai Real Estate Group was founded in November 2002, is the largest state-owned real estate Enterprises in Shanghai, the initial net assets that amounted to more than 6.6 billion yuan, registered capital of 4.2 billion yuan.　　Including a wholly-owned subsidiary of Shanghai Beach Land Co., Ltd., Shanghai Room (group) company, Shanghai Foreign Affairs Room operating company and 5 other holding subsidiaries, with Chinese enterprises and Jinfeng investment in two listed companies. Since 2006, the market has spread the news of the overall listing of Shanghai Real Estate Group, its assets will be large-scale, the way to choose which company as a listing platform, has always been the focus of the industry.　　However, due to its complex state-funded background, the group's overall listing has not progressed. At the beginning of 2009, Shanghai Real Estate Group assets adjustment action repeatedly, heavily buy Shanghai Hengshan road plots, and then sell Zhabei plots. And each of its actions will allow the market to be linked to the overall listing.　　Is this a series of actions that are the result of market behaviour or are they being restructured to prepare for the overall listing? The growing competition in the market is the reason why Shanghai Real Estate Group has been listed as a whole, because many of the real estate group's main business and its Chinese enterprises, are real estate project development, there is a competition relationship.　　With the real estate industry in the cold, the real estate group of listed companies in the competition between the competitive pattern of increasingly serious. Shanghai Real Estate Group's Chinese enterprises and Jinfeng investment two listed companies would have a clear division of labor. Among them, the Chinese enterprises are mainly engaged in real estate management and development, the project is mainly residential, Jinfeng investment is to provide housing replacement, housing leasing and other residential circulation services mainly listed companies.　　But with the real estate brokerage industry gradually into the trough, Jinfeng investment in a number of real estate development project companies or new real estate development projects, real estate development business share is constantly improving. Homogeneity of the competition, so that the group's resources can not be optimized, dragged down the group's subordinate company performance.　　Jinfeng investment is worse, Jinfeng Investment has had to sell its subsidiaries for cash in order to safeguard financial soundness. Market analysts pointed out that Shanghai Real Estate group to eliminate the group's internal competition, must first be a business restructuring. The Low-cost transfer project is part of the asset deployment of the Shanghai Real Estate Group, which will inevitably link the market to its overall listing.