Key gentleman of Greenland: 3 billion yuan in loans of state -owned shareholders

21st Century Business Herald reporter Tang Shaokui Shanghai report

On August 7, Greenland Holdings (600606.SH, referred to as "Green Land") announced that the company obtained two major state -owned shareholders Shanghai Real Estate (Group) Co., Ltd. ("Shanghai Real Estate"), Shanghai City Investment (Group) Co., Ltd. (Group) Co., Ltd. "Shanghai Urban Investment") total 3 billion yuan in funding support.

This transaction constituted a related transaction. Although the four independent directors of Greenland avoided the voting, they issued an opinion that the affiliated transaction was fair and fair, reflecting the shareholders' support for the company's development. Situation.

According to disclosure, Shanghai Real Estate and Shanghai City intend to provide loan 1.5 billion yuan to Greenland through entrusted loans. The loan period is 2 years and the annual interest rate of loans is 6%. The two state -owned shareholders support Greenland, which is a strong support for its subsequent cash flow, and the help of the national insurance delivery work of Greenland can also be imagined.

According to the latest Greenland's 2022 semi -annual performance express report, in the first half of 2022, Greenland achieved total operating income of 204.7 billion yuan, of which the real estate industry revenue was 75.5 billion yuan and the operating income of infrastructure industry was 109 billion yuan.

Among them, a number of core data in real estate development has decreased significantly year -on -year. In the first half of 2022, Greenland completed a total of 68.1 billion yuan in sales and 77.7 billion yuan in repayments; the total profit was 9.1 billion yuan. However, compared to the second half of 2021, the revenue and profit level of Greenland still increased in the first half of this year. Obviously, this is not related to trying to protect the delivery and timely turnover. According to disclosure, the total delivery area of ​​green space was 9.34 million square meters in the first half of the year, with a total of about 90,000 sets of properties.

At present, the balance of interest liabilities in Greenland has fallen to about 220.1 billion yuan, but under the pressure of insurance delivery, in June this year, Greenland chose to exhibit a 500 million US dollars bonds, and promised to pay the US dollar bonds expired in the second half of the year as scheduled. Interest. Perhaps it is no other choice for shareholders' loans.

According to the 2021 annual report of Greenland, among the top ten shareholders of Greenland, Shanghai Real Estate and Shanghai City Investment held 25.82%and 20.55%of the green space, respectively, with a total shareholding ratio of 46.37%. In July 2020, Greenland disclosed the "Announcement on the Prompt of the Company and Resumption of the Company's Share and Resumption of the Company" by the "state -owned shareholders intending to collect the transferee", Shanghai Real Estate and Shanghai City Investment intended to be publicly solicited by the transferee. Part of the shares of the company held by the transfer do not exceed 17.50%of the company's total share capital, and the matter has not yet been completed. At the critical moment of insurance delivery, the state -owned shareholders were helping Greenland.

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