The big shareholder's faith in the promise of a capital injection two years ago by investors in Hong Kong is empty talk?

Every reporter Ma Shua Wang Yu Industry in recent years, the real estate market rapidly heating up, land auction prices have hit a new high, real estate stocks soared market, real estate stocks in the spring comes again.　　Large shareholder capital injection of stocks by the market's enthusiastic pursuit. However, there is also a listed company, large shareholders two years ago, the pledge is still "sleeping state", do not inject the reason is the real estate project "Falling prices, high debt rate, slow sales, operating a larger loss", which with the "Daily economic news"　　When the reporter scene investigation sees the hot sale scene is very different.　　The company is Hong Kong Holdings, the project is planned to be injected in Tianjin, the splendid Xiangjiang Shuicheng, is a land of more than 3000 acres of the super market. News back to magnify shareholders broke faith in investors July 24, 2007, the Hong Kong Holdings (600162, close 10.46 yuan) has been due to the Hong Kong group assets injected into the expected document and caused market concern.　　However, after more than 1 years, the real estate market spring has come, but the Xiangjiang group capital injection has been delayed. Let's go back to 2007, July 24 This day, the company announced that the group will be non-public issue 143.34 million shares, for the purchase of its 5 companies owned equity assets, that is, Panyu Jinjiang 51% Equity, Baoding Xiangjiang River 90%, Chengdu Xiangjiang River 100%, Tianjin Hua Yun 20% shares and Zengcheng Xiangjiang 90%　　Equity. But after the deal, as the Xiangjiang group has become a major shareholder of Xiangjiang Holdings, and the Hong Kong group is still holding the Tianjin Sen Island Real Estate Investment Co., Ltd., Tianjin Sen Island Hung Ying Real Estate Investment Co., Ltd., Tianjin Sen Island Property Investment Co., Ltd. (hereinafter referred to as the three companies in Tianjin Sen Island) 50% of the equity and　　, which is clearly in competition with the Hong Kong holding company.　　To avoid such a situation, the group will inject 50% per cent of its three companies in Tianjin Sen Island to the company within one year of the reorganization, and the real estate will be injected into the company within two years of the reorganization. If the above commitment to the realization of one by one, Xiangjiang holding will eventually become the Hong Kong Group of Hong Kong's residential, business-type real estate business of the only operating platform.　　Therefore, once the commitment is announced, it will cause market concern, many brokerage research has pointed out that the company's fundamentals will have a "quality" of the leap in the business structure optimization and profitability of the improvement have an inestimable role. In fact, the company's targeted issue has been implemented on March 6, 2008, that is to say, the three companies in Tianjin Sen Island should be injected into the Xiangjiang holding before March 6, 2009.　　Until now, however, there has been no progress in the company's infusion of assets, which seems to have been forgotten. For the reasons for not injecting, the company said at the end of 2008 that turnover in the first half of this year has shrunk and real estate prices have fallen in a substantial change. And the Tianjin Sen Island three companies after the merger of assets and liabilities reached 90.95%, last January ~ November was operating losses, and sales are slow (onlyThe completion of the annual sales target of 21.39%), if the Hong Kong holding at that time to acquire such a stake, will bring about 80% of the asset-liability ratio, increase financial risk, so finally the company decided to temporarily give up the three companies in Tianjin Sen Island, 50% of the equity. The reporter investigates the splendid Xiangjiang Shuicheng is the capital injection project according to understand, Tianjin Sen Island Three Company's main project is the Tianjin splendid Xiangjiang Shuicheng project. Last year, the bulletin showed that the splendid Xiangjiang Shuicheng by the three companies in Tianjin Sen Island joint construction. Tianjin Sen Island Real Estate Investment Co., Ltd. Project planning covers an area of 843 acres, the total construction area of about 1.18 million square meters. The first phase of the project covers an area of 98,400 square meters, building area of 119,500 square meters, saleable area of 96,100 square meters.　　The two-phase project covers an area of 76654 square meters and can be sold for 61823.19 square meters. Tianjin Sen Island Hong Ying Real Estate Investment Co., Ltd. Project planning covers an area of 671 acres, the total construction area of 960,000 square meters. The first phase construction project covers an area of 65449 square meters, with a total construction area of 142,900 square meters and 110448.7 square meters of saleable area.　　The two-phase project covers an area of 1,137,450,000 square meters with a total floor space of 237,200 square meters.　　Tianjin Sen Island Real Estate Investment Co., Ltd. Project planning covers an area of 771 acres, the total construction area of 1.22 million square meters, the first phase of the construction project covers an area of 85928 square meters, the total construction area of 212,800 square meters.　　According to the online display, Jinxiu Xiangjiang Water is an area of more than 3000 acres of the super market, positioning in the world-class habitat Shuicheng.　　Real estate sales staff busy in order to understand the further situation, under the scorching sun, "Daily economic news" reporter has arrived at the Tianjin Baochi District 2nd-High speed export (nine garden station) Bao Bai Fairview Property, from the scene, the staff is still relatively busy. Although not the weekend, but in the reception to look at the house customers in the lobby, sales service personnel are also "idle." Some of them continue to be in front of the customer's information phone, answering the customer's various questions, inviting customers to participate in the weekend of the family party activities; Some in the planning model diagram for visitors to visit the room to introduce the outline of the lounge, and some in front of the small round table to discuss with customers.　　There is even a landlord in two times a day between Beijing and Fairview, the purpose is to pay for the full love room.　　Into the community, real estate and real estate is still shuttling between construction workers busy figure and in the already sold out of the group house, a "Jin" word of the head of the car just left, and soon after another car, they are driving to decorate their own love nest owners. This is located in the Beijing-Tianjin Chaobai River Plate Ecological Leisure area of the splendid Xiangjiang water scene.　　And according to the sales rep, "we all advise clients to avoid consulting the house on weekends because there are so many people on weekends and they can't take care of them." According to relevant data shows that the splendid Xiangjiang Shuicheng is committed to creating a world-class habitat Shuicheng. Planning more than 3,000 acres, located inBEIJING-Tianjin Chaobai River Plate Core Hinterland leisure people living in Shuicheng, opened in January 2007, the first phase of completion time for July 2008.　　Its overall development cycle of 6 years, covers an area of 2 million square meters, the total construction area of 3 million square meters. has completed the first phase of the basic sales according to the sale of real estate, the first phase of the project has been sold out, the two phase of the project has been fully started, and the third phase of the project has begun.　　"Daily economic news" reporter went to the community to see the relevant situation, one of the slightly remote location of the 4 11-storey building is only two-fifths.　　According to the sales representative, the sales force is pushing the first part of the two-phase project, which opened in the middle of July, before the owners can enjoy a 95 percent discount, which has attracted a lot of subscribers. At the end of 2008, affected by the financial crisis, the entire real estate industry downturn, the beginning of this year, the property market began to rebound, in the experience of the "small spring", the property market gradually walk well. Sales representatives at the department said that sales were much better now than at the end of last year, and sales have been rising steadily since March this year.　　The sales reps also proudly said that in recent months, the average monthly sales volume of nearly 200 sets of levels. Sales prices have risen many times whether it is from the public information or from the scene to understand the situation, splendid Hong Kong's sales prices are slightly higher. View the historical prices of the splendid Xiangjiang Shuicheng online, which reached a historic peak in May 2008, with an average price of $6500 per square metre in the month.　　From July 2008 to December, its average price has been maintained at 4700 yuan/square metre ~4800 yuan/square metre level. However, real estate prices at the beginning of this year fell into the trough, but with the March sales rebound, its sales price and gradually rebound. January this year, February, the average price of 3600 yuan per square metre, high-rise and small high level discount after the average is 3600 yuan per square metre ~3700 yuan.　　But by March, prices rose by a straight line, with an average price rise of $4500 per square metre, which rose nearly 1000 yuan per square metre in one months, restoring the price level in the second half of 2008 years. After May this year, with the arrival of the northern summer sales peak, the splendid Xiangjiang Shuicheng sales prices continue to rise, its sales price edged up 200 yuan per square metre, June average price is 4700 yuan per square metre.　　By this month, the average price rose quietly by 100 yuan, reaching 4800 yuan.　　The site's sales staff also said that this month's splendid Hong Kong quoted price of 4800 yuan per square metre, the lowest price of 4500 yuan per square metre, if the basis of 4800 yuan per square meter for 95 percent discount, then the average value of 4560 yuan per square metre. When the daily economic news reporter asked for the offer, one of the owners who had made the house last May suggested that "inflation is coming, buy quickly, and prices must rise." "The price is very cheap here," said a guest on the side. ”The other owner, who came to decorate his new house, said, "I'm not selling it now, waiting for it to appreciate." "The company responded to the current not considering the injection it is noteworthy that in last year's announcement, the company suspended the injection of the three companies in Tianjin, but also put forward when the conditions are ripe, the company to take the appropriate way, at the right time to buy the three companies in Tianjin Sen Island,　　In order to finally solve the major shareholder South Hong Kong and Hong Kong holding possible competition.　　From a macroscopic point of view, the financial crisis is the most difficult period has passed, the real estate market has already seen a significant turnaround.　　From the "Daily economic news" reporter to understand the situation, the splendid Hong Kong's sales and sales prices both appear to be warmed up, and in the amount of price Zisheng, the project generated benefits are gradually reflected.　　Reporters on this matter to the company Dong Secret office, the relevant people received the "Daily Economic News" reporter (hereinafter referred to as NBD).　　NBD: I would like to ask the company before the reorganization, will be in 1 years into the three companies in Sen Island, now 1 years later, the company has any plans?　　Dong's Secret office: We have no plans so far.　　NBD: Now the real estate market has warmed up, according to our understanding of the situation, three companies to develop the splendid Xiangjiang Shuicheng current sales are good, why have not planned? Dong's Secret office: This is still the decision of the Board of Directors, we are not clear.　　You can call the three companies to find out about the sales.　　NBD: The commitment of the Xiangjiang group has expired for 1 years, why has it been delayed?　　Dong's Secret office: We don't know that. And in late December last year, in a "supplementary statement on the timing's proposal to buy the three companies in Tianjin," The independent financial adviser to the company said that it was recommended that the Board of directors should renew the financial and operational status of the three companies in Tianjin on the basis of the 1-year interval after the provisional shareholder meeting.　　Call for the convening of a provisional shareholder meeting to again vote whether to continue timing acquisition. In this regard, the staff said that it is possible to reconsider the asset injection after December this year, can be concerned about the announcement.