On March 18, 2010, Guangzhou's temperature starts to rise again, in the air has the slightly steam.But sets at industry and the green scenery real estate inside the Milky Way business center nearby day reputation building two company - day reputation, actually lonely exceptionally.

tranquil under is hiding a big change, a significant assets reorganization is fermenting.Some time ago, the day reputation set industry just is compelled to serve under somebody's banner the property to repay a debt, company faced with huge management crisis; The green scenery real estate on March 2 announced revokes the priviledges, the preparation reorganizes the item significantly.It just issued the annual report demonstrated that, the achievement glided down largely, the situation is critical.But

these two company's helmsmen all are is called “the capital master” -odd Bin.

who reorganizes green Jing

in fact, the green scenery real estate is attempting to reorganize seeks the outlet.

on March 23, 2010, the green scenery real estate announced 2009 annual report, its business income 457,000,000 Yuan, with compared to drop 1.66%, the business profit 23,914,000 Yuan, with compared to drops 78.05% largely, the ownership parent company net profit 32,514,100 Yuan, the same ratio drops 42.59%.

the achievement glides down largely, this already was actually during the field anticipation matter, because the green scenery real estate has been developing “the gold and greens imperial water mountain village” and “the green scenery Dongshan China courtyard” from now on, already some period of time did not have the new project news, in 2009 the real estate service entered the accounting period still knows the forecited two projects.

acts according to its wealth to respond with and the company material demonstrated that, the green scenery real estate the project reserve very are at present few, in sells with in the project which constructs are not all many, only then Guangxi Guilin lion saliva storehouse project and north Foshan Shunde 滘 project.

last October, the green scenery real estate issued in 2009 the third quarter wealth newspaper then demonstrated, its in order to develop the construction period 10 year lion spigot project, the company previous third quarter business cost increases suddenly, the business income and the net profit all are gliding down.

this March 2, the green scenery real estate starts to revoke the priviledges, until March 17, the green scenery real estate only then declared, the company is preparing the significant assets reorganization item, will continue to revoke the priviledges.Not only

the green scenery real estate crisis is the achievement glides down the project which as well as the later period starts to be insufficient largely, the aging lawsuit is encumbered the crisis which, the company is terminally ill really, the reorganization is possibly it good choice.

on March 18, in inside the green scenery real estate office, Dong Miwang Bin indicated to time weekly report reporter that, at present the company is preparing the reorganization, but cannot disclose any news, avoids contrary.He will indicate that, on April 1 the company will announce the reorganization concrete plan, all will announce take the company as.

“the green scenery real estate is terminally ill, adjusts with difficulty.” Guangzhou real estate expert Reporter Han world cocurrent indicated that, the green scenery real estate debt is encumbered, all is the question left over by history, moreover the green scenery real estate likely uses in coordinates the day reputation to set industry the shadow company, somewhat lets the human not be able to completely understand.after

the green scenery real estate revokes the priviledges, “the Guangdong China for the company the green scenery real estate 48,000,000 stocks which has by each 10 Yuan price purchase day reputation”, “China for possibly can pour into the high quality property in the opportune moment” and so on the rumors to start to spread in the network and the field.

on March 23, time weekly report reporter sends a telegram China is, China replies reporter for the person concerned, passes through internal checking, this news is not true.But

the navigation real estate is in the rumor another lead.On March 23, the green scenery real estate issued the announcement stated, original “the day reputation building” changes the name as “the navigation building”.This causes “the navigation is in charge the green scenery” rumor meaning to be thick.

in fact, before this, the green scenery real estate affiliate company day reputation sets already passes through the day reputation Westing hotel as well as day reputation building giving which dominates by 1,100,000,000 Yuan prices has to the navigation hotel.

afterwards, reporter sends a telegram the navigation group office, this staff answer is “not clear this matter”.Who reorganizes the green scenery real estate? The confusing hearsay lets the outside even more confuse.

two companies with meet the crisis

seat to support two to be listed, originally should be the scenery infinite, but Yu Bin's puzzle lies in, two companies simultaneously come across the crisis.

the recent years, the green scenery real estate exchanged ownerships unceasingly, but carried on the back except that the debt still did not have actually.In 1994, the green scenery real estate predecessor fine jade energy first appearance serious loss, to in 1995 already was unable to pay debts with their assets, Chairman Chen Yuguang robbed peter to pay paul, served under somebody's banner the fine jade energy international commercial city the fund to invest into in Chengdu's panda city project.

in 1997, the international commercial city new taketing office management, started to the fine jade energy to press for payment the debt 80,000,000 Yuan capital and the interest.This also is the present green scenery real estate large amount debt origin.In 2003, thisAfter the shell resources several pass through hand over fall to Guangzhou permanent big group Xu Jiayin in.On July 20, 2006, the permanent big group will hold the green scenery real estate stock by 78,890,000 Yuan prices to sell to Guangzhou Day Reputation Property development Limited company, Xu Jiayin gives up this capital platform.

the basis newest wealth newspaper demonstrated that, at present the green scenery real estate mainly has the debt lawsuit with two sides, one is the Chengdu panda international commercial city, another is the Hainan international commercial city, in the past and the fine jade energy pulls does not clean up the chaotic series debt until now not to solve.This January, Dong Miwang Bin indicated to the media that, the lawsuit was still continuing, the progress take announced as.But

takes over the green scenery real estate after Yu Bin, the company achievement has not occurred has a new look very greatly, does not have the following large-scale real estate project support, the development power to be insufficient.

is worth mentioning, east the green scenery real estate 2 ply is similarly likely the relay race changes generally east, hands over the Nanyang silver all to found a nation successively the hotel, the Eastern Han Dynasty type company as well as Shenzhen Width World Investment Limited company (hereafter refers to as “the width world”).

this February 8, the green scenery real estate issue announcement, called its original second major stockholder extends the world through the set tendering way, equals in February 5 reduces holds 1,870,000, accounts for the total capital stock proportion 1.01%, after reduces holds no longer has the green scenery real estate stock.But in during a before this year, the wide world already divided four times has undersold approximately 14,340,000.According to the rapid calculation, its accumulation leverage 166,000,000 Yuan.

Yu in the Bin hand day reputation department is likely a root system developed complicate tree.Yu Bin as early as in 2004 then has the day reputation sets industry predecessor everybody to control stock, but in 2006 the hand buys the green scenery real estate from Xu Jiayin in Guangzhou Day Reputation Property development Limited company, it actual controlled the human was still Yu Bin.The Guangzhou day reputation holding shareholder develops the limited company for Guangzhou Abundant Fine Enterprise, it actual controlled the human still for Yu Bin.Yu Bin has the Guangzhou abundant fine 90% stock, but Guangzhou abundant fine has the Guangzhou day reputation 89% stock.

here, the day reputation sets industry simultaneously belongs to Yu with the green scenery real estate under the Bin name, has accomplished domestically rare “first H, latter A” “in room stock”, but present these two companies bring many for Yu Bin are actually the worries.

the day reputation sets industry troubles a pile similarly, already had the creditor to the company to propose the reconciliation application, last year, mainly was it sells the land parcel about the day reputation news and serves under somebody's banner the property to pay off a debt in labor.Why can the day reputation have so encounters?

Han Shitong believed that, the early day reputation develops the high end housing to build up, but very quickly on massively enters the commercial project the development, in particular the high end hotel, the office, make the fund chain excessively tight aspect; Again wants to change over to and to start Guizhou and a continent ju business lives the project development on obviously to appear the fund chain excessively tight phenomenon, but the day reputation attempts by short-term financing to solve the long-term fund pressure endeavor, because also the international finance crisis, Brother Lei Man the bank goes out of business is disillusioned.

he indicated that, the day reputation sets at industry being compelled “shears the meat debt redemption” the reason, mainly exhausts oneself in the front too is long, has the commercial property and the financial tsunami influence excessively.The day reputation set industry once by the reputation for the wealth technique master, but the present looked like exhausted oneself as if actually in its financing and the expansion way.

this article reprints in: 21cn ( http://house.21cn.com/estate/shi/2010/03/29/7431659.shtml )