Financial News
Written by: Zhang Weilun
2020-09-23 14:20
Last update date: 2020-09-23 14:20
Cheung Kong Group (1113) sold the Chengdu Nancheng Metropolitan Hui project to Yuzhou Real Estate (1628) and Chengdu Ruizhuo Real Estate for 7.847 billion yuan in July this year.
However, it was reported by mainland media today that Hutchison Real Estate (Chengdu) was reportedly being notified by the Finance and Monetary Management Bureau of Chengdu High-tech Zone to prohibit financing and loans from financial institutions.
"21st Century Business Herald" pointed out that people from Chengdu financial institutions have learned that the Finance and Financial Bureau of Chengdu High-tech Zone has issued Tonghe to financial institutions in the district, requesting that Hutchison Real Estate be prohibited from providing new financing, loans, and making major assets Reorganization provides assistance.
The notice pointed out that in order to implement the central, provincial, and market real estate control policies, to supervise and crack down on the land cover and cover cover behavior of real estate development companies, and to effectively maintain the healthy order of the real estate market in the high-tech zone, because of the existence of the Hutchison Whampoa (Chengdu) land cover and cover cover bad Behavior, seriously affecting the stable development of regional real estate. After research, financial institutions in the high-tech zone are prohibited from providing new financing and loans to Hutchison Properties (Chengdu) and its project companies, and financial institutions in the high-tech zone are prohibited from making major contributions to Hutchison Properties (Chengdu). Assistance in asset restructuring.
Yuzhou: Does not affect the acquisition of the Chengdu project
Regarding the relevant documents, according to the "Finance Associated Press", the relevant person of the Chengdu Finance Bureau did not deny it, only saying that they did not know the document.
Yuzhou also pointed out to Leju Finance that it has no impact on the project acquisition and pointed out that it only targets financial institutions in the high-tech zone.
"Hong Kong 01" enquired with Cheung Kong, and the other party responded that Hutchison Real Estate (Chengdu) is not currently a subsidiary of the company, nor is it controlled by the company.
At the same time, it is reiterated that all development projects of the company are carried out in strict accordance with national laws and regulations, and there is no situation of land hoarding; as a real estate developer, the company's main business is real estate sales and development and sales projects have been completed as planned.
Cheung Kong also pointed out that all development projects have maintained close communication with local governments and coordinated with local planning and requirements for project development.
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