A year ago, music founder Jia Yue Ting officially appointed Liu Jiangfeng as Cool Group CEO from the 360 and music as the Group's complex triangular relationship out of the cool mobile phone was high hopes.Liu Jiangfeng is vowed to cool mobile phone sales in 5 years to upgrade over billion , And back to the mobile phone industry first, and a year later, the reality is Guo Deying exit, easy to music, capital gap continues to expand, while Cool's performance began to decline, or even into a huge loss situation.
Cool announced on October 20 that the company's self-help program, the announcement that Cool and its subsidiary Yulong Computer Communication Technology (Shenzhen) Co., Ltd. and Shenzhen City Star Hua Real Estate Development Co., Ltd. signed a cooperation agreement. Development of cool information port city update project one, two, three.
According to reports, the two sides will carry out division of labor, Cool is responsible for providing the right to obtain land use rights, the other is responsible for the overall development and construction of the project after the completion of the project, the parties in accordance with the project all new property 4: 6 ratio of equity distribution.
This year since July, the market has been rumors that cool Chinese companies will transform real estate development, through the company held a large number of industrial projects to obtain a higher return on the higher profits of the news. In early August by the cool original CEO Liu Jiangfeng rumor, but from the public news, Cool's located in Guangdong Dongguan, Heyuan, Xi'an and other land reserves have more than 2000 acres, Liu Jiangfeng also said, 'Cool has a lot of assets, hand 100 Billion real estate.
Liu Jiangfeng this time the shape of the words to give the market confidence, but more like Cool's land resources for publicity.China Real Estate News reporter learned that since then, including the Beijing-based Group, Country Garden, Galaxy Group and other old changed 'regular' and Cool Contact, from the information port project point of view, Galaxy Group success 'Jianlou'.
Holding a 'golden rice bowl' begging
As a communications company has more than 20 years of history, Cool was once the domestic mobile phone semi-strong 'China Cool League' one.With the operator's loss of dominance of smart phones, three years ago, Cool has already begun to decline Affected by the music as the event, Cool in the capital side of the slump, coupled with the business line and no blooming products to boost performance, market financing cool frenzy.
From the earnings report this year, according to the Cool Group on August 15 in the Hong Kong Stock Exchange announced that the company's current business has not improved, is still in a state of sustained losses, based on the Group's unaudited consolidated management accounts of the initial assessment, The Group's operating income as of July 31, 2017 was approximately HK $ 2,716 million, down by approximately 52% year-on-year and the Group's current assets were lower than current liabilities.
July 18, Ningbo Bank Shenzhen Branch sued Cool, asked to return the difference amount of 49 million yuan and interest; 8, the Bank of Shenzhen, Shenzhen, On the 21st, Shanghai Pudong Development Bank Shenzhen Branch has filed a lawsuit to the court, requiring Cool to make up the acceptance bill of about 89.967 million yuan.
Cool did not reach the plight of insolvent, in fact, if the land resources will be realized, Cool will greatly alleviate the current financial difficulties.
Through the existing information, the reporter query, Cool in Shenzhen Nanshan high-tech industrial park area has more than 30,000 square meters of cool information port, cool in Dongguan Songshan Lake Tianan Yun Valley production base covers an area of more than 100,000 square meters . In addition, Cool is still planning high-tech zones in Xi'an covers an area of 87,000 square meters of Yulong Communications Changan Industrial Park project 1. In 2016, Cool and Hong Jia technology planning investment 20 billion yuan in Guangdong Heyuan construction agriculture Ecological park project, the development area of 1,800 acres, the total holdings of land area has more than 2000 acres.
Among them, only Nanshan High-tech Zone information port project has been highly valued. Public information, Cool in 2008, low-cost purchase of Shenzhen Science and Technology Park North District, with cool information port and Dongguan Songshan Lake and other plots, cool The value of the land held nearly 10 billion .2012, Cool information Hong Kong old change project was included in the "2012 Shenzhen City Renewal Unit Plan the second batch of plans", the project in 2014 the official foundation.
The total floor area of the total construction area of 20.14 million square meters, of which industrial R & D space area of 175,000 square meters, accounting for 87%; another industry supporting Housing construction area of 22,300 square meters, supporting facilities 4500 square meters. Reference to the average price of the surrounding projects, the project valuation of nearly 10 billion.
Liu Jiangfeng has also said that 'through the real estate is the most easy to achieve, such as direct land sales, or through land to do capital cooperation, a lot of ways.'
Galaxy Group's business
However, for the special research and development of electronic products for the cool group, engaged in industrial real estate projects of the old change is quite difficult.Itside project involves the old industrial transformation, industry import, supporting the construction of a number of old change process, combined with the group cash stretched, Cooperative developers are the best choice.
Reporters learned that Liu Jiangfeng has been actively promoting the stock in the cool stock of real estate development, but due to the reasons for the internal resistance was shelved on August 31 this year, leaving, but the final cool is still the choice of cooperation to develop this program to solve the thorny funds Shortage problem.
Announced that Cool and its subsidiary Yulong Computer Communication Technology (Shenzhen) Co., Ltd. and Shenzhen Star Huaan Real Estate Development Co., Ltd. signed a cooperation agreement.Enterprise registration information display, Star Huaan Real Estate Development Co., Ltd. is the largest shareholder of Shenzhen Star River real estate development Limited company.
The announcement also shows that, after the completion of the project, Cool and Galaxia will be in accordance with the project all the newly completed property 4: 6 ratio of equity distribution, which were 80,000 square meters, 120,000 square meters of property area.This also means that through cooperation The development of Star River Group will be at least 6 billion yuan worth of assets.
In recent years, the Galaxy Group has been holding high the banner of industrial real estate to carry out the pattern of output, its 'to equity conversion rights' concept in the industry is also quite certain visibility. "The official website shows that Galaxy Holdings Group currently has four major business groups, including real estate Groups, industrial groups, home ownership groups and financial groups, the first three correspond to the core business, including residential real estate, industrial real estate, commercial real estate and hotels.
And in August this year, there is news that the Shenzhen real estate business base to buy shares of cool, and even rumors Cool domestic business will be transformed into real estate, while the final by the Galaxy Group access to information port industry real estate development projects co-development rights are also with its Long-term publicity in industrial real estate is closely related.
However, the current industrial real estate operation is the biggest difficulty lies in the property can not be realized in a timely manner, and cool cash flow in the case of the project bear the mission of the assets realized in the first step, the cool can rely on this project to win the battle , And Galaxy Group to rely on the 'accidental' to achieve profit and brand double harvest, but also depends on the actual operation of the future situation.