Category: Money Tips Date: 2006-09-29
China's current real estate market, just as 70 years in Hong Kong property market, is currently just starting the development. Who led the Chinese real estate market to a large extent depend on management's ability to judge the rise and fall on the property market, as well as their ability to fund-raising function of the effective use of the stock market
Vanke chairman Wang Shi has lamented: "Vanke is not a real estate aircraft carrier, the Pearl River system is the real estate aircraft carrier."
Zhu Mengyi, who Forbes ranked the second richest, the actual controller of the Pearl River system in China real estate regulation and control of the year in order to profit in 2005 rose 181% once again illustrated a Shi-words.
Profit doubled This low-key real estate tycoon, has been belief in the "wealth not seek name" philosophy of existence. But the market was even more of his attention for me.
April 13, 2006, Meng according to the Chairman of the Board Hopson Group Ltd. (0754.HK hereinafter referred to as Hopson) In the Hong Kong Stock Exchange announced its full-year 2005 results announcement, according to announcement information, their business amounted to 6.134 billion Hong Kong dollars, a substantial increase in profits, to 1.217 billion Hong Kong dollars, compared to 4.33 billion Hong Kong dollars in 2004 increased 181%. most developers headaches land reserves reached 12.95 million square meters, according to surveys, the current Hopson Land Bank's industry-first.
1992, Meng was set up in Hong Kong, according to Hopson, as the company's financing platform. The following year, Pearl River Investment Co., Ltd. (hereinafter referred to as the Pearl River Investment) was established in Guangzhou, is mainly responsible for taking places in the Mainland market. Zhu Mengyi indirect control through the layers of the Pearl River Holdings investment, investment in the Pearl River is considered the actual controller.
Hopson about 70% of the real estate investment and cooperation projects with the Pearl River Delta development, which Hopson and the Pearl River Investment has been the industry known as "the Pearl River system."
Pearl River Fa Li Meng according to real estate sector in the Mainland do anything, to lose ground, but insignificant in the real estate outsiders, dark and quiet without trace, known as the line of "Silence of the big brother", he reportedly almost suffocating the mystery and low-key during his many years now, to the public media catch them to open the only popular in the market only a personal photo, but subordinate to the outside world is strictly prohibited to disclose any of his moves, in case the resulting media exposure of his deeds, the company must continue to severely punish the internal track.
Zhu Mengyi just kept quietly to absorb the land reserve, is determined to become China's largest real estate developer.
By 2006, Hopson suddenly force, just launched in Beijing on about six new projects are located in CBD, the third embassy district projects, the West Second Ring Road, South Second Ring Road, East Second Ring Road, are in prime locations in Beijing . Property form covers apartments, luxury homes, villas and office buildings. As a result, Hopson in the Beijing-Tianjin region, the project has reached 11. Operations throughout the country at the same time the project is as high as 36.
Tight money A year ago, has been big aspirations Meng mind still trapped in the fund in accordance with chain tension.
10 years of rapid expansion for Hopson tense capital chain. 2004 annual report, its balance sheet in current liabilities ratio of as high as 1.23, while the debt to total assets ratio was as high as 74%. Cash flow be pressure from the real estate market are also affected by macro-control, financing has become an imperative, but only a strong financing platform, it can function with attractive financing.
March 8, 2005, Hopson's announcement that received a total construction area in Beijing, 20.3 million square meters of two, the total amount paid 5.11 billion yuan, pre-paid about 3.4 billion yuan, the remaining funds in the be paid within 15 months. The announcement showed that the "total cost assumed by the Group's internal resources."
In the last year, in January, according to the Pearl River Investment Zeng Yi Meng offer 1.6 billion yuan to win the Shanghai New Jiangwan City project, the first-sum payments of 2.3 billion yuan, according to convention, by the end of July to meet clear all 16 billion Land section. However, the macro-control makes the national real estate market affected, Hopson is no exception, in which high-end real estate sales has moderated.
In June last year, the Pearl River found their investment funds have been very tense. It is understood that Pearl has withdrawn its investment in the new Jiangwan City Project Department.
The view was expressed once explicitly stated that the co-sheng, Chu investments with tension in the industry is not big news, super tape the need for sustained investment, rolling development is very dependent on bank loans and Sales Outstanding, but the macro-control just stuck them firmly sources of funding.
