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China - A Sichuan real estate company with annual sales of more than 100 billion yuan, actually fell to the point where it sold 1.5 billion assets for

sharon sanders

Editor-in-Chief & President
Too embarrassing! Hundreds of billions of real estate companies "exploded", 1.5 billion assets were sold for 1 yuan! Exchange soul torture


2021-12-26 00:29:01
China Fund News Amman
Too scary! The Sichuan real estate company with annual sales of more than 100 billion yuan, actually fell to the point where it sold 1.5 billion assets for 1 yuan...
On the evening of December 23, Blu-ray Development announced that the company's wholly-owned subsidiaries Sichuan Blu-ray Hejun Industrial Co., Ltd. and Chengdu Junyu Enterprise Management Co., Ltd. planned to transfer 100% of the shares of Chongqing Yangjiu Trading Co., Ltd. it plans to hold. To Chongqing Yueningshan Enterprise Management Co., Ltd.
The most shocking thing is that the 100% equity of Chongqing Yangjiu Trading Co., Ltd. is only priced at 1 yuan. However, after the completion of the equity acquisition, Chongqing Yueningshan Enterprise Management Co., Ltd. will assume the underlying liabilities as agreed in the agreement.
Chongqing Yueningshan Enterprise Management Co., Ltd. is a subsidiary of Chongqing Real Estate Yige Jinke Real Estate.
Resale of 1.5 billion assets for 1 yuan
The Shanghai Stock Exchange urgently issues an inquiry letter
Subsequently, on December 24, the Shanghai Stock Exchange issued a letter of inquiry regarding the transfer of assets of Blu-ray Development.
In the inquiry letter, the Shanghai Stock Exchange requested Blu-ray Development and related parties to verify and supplement the disclosure of the following questions.
On the one hand, the transaction price. According to the announcement, before the transfer, Blu-ray Development will reorganize Chongqing Yangjiu's assets. After the simulated reorganization, Chongqing Yangjiu and its subsidiary Chongqing Future City 104 acres project, Chongqing Furong Mansion project and Tianjin Xiaozhan project will be included. Chongqing Yangjiu's net book assets after the simulated transaction were 1.484 billion yuan, while the transaction price was only 1 yuan.

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zhttps://www.163.com/dy/article/GS3R5HB50530NLC9.html
 
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