Lu Yi is promoted to the executive president of Shimao Group

Economic Observation Network Reporter Ding Wenting On June 23, Shimao Group issued an announcement of the CEO of Appointment. The appointment of the executive director and vice president Lu Yi as the executive president will take effect on June 23, 2022.

The announcement shows that Lu Yi joined Shimao Group since 2008 and is responsible for the overall operation, development and management of Shimao Group in the Strait (mainly including Jianjian, Guangdong and Hainan), as well as Shimao Group asset management. Lu Yi obtained a master's degree at Zhejiang University, and has accumulated more than 13 years of rich experience in real estate management.

Lu Yi has been promoted to find this round. In January 2020, Lu Yi was appointed as the executive director of Shimao Group. In a round of architecture adjustment at the end of December last year, in addition to continuing to manage the Shimao Strait Development Company, Lu Yi also took over the Shimao Management, Urban Renewal Platform and Shimao Group Xinxin The asset management center.

Lu Yi's rapid promotion is related to the rapid growth of the Shimao Strait under the leadership. The Shimao Strait is the largest regional company under Shimao Real Estate. In early 2019, the former Fujian Shimao officially changed its name to Shimao Strait Development Company to start the development strategy of "deep cultivation of the core urban circle and in -depth strategic urban agglomeration", and upgraded from a regional company to a global company. At that time, the Shimao Strait incubated 2 regional companies, 3 cities and more than 10 areas for Shimao Group. In 2019, the total sales amount of Shimao Strait exceeded 90 billion yuan, accounting for 35%of Shimao's annual sales.

It is worth noting that in 2020, the mergers and acquisitions of Shimao and Fusheng Group were also led by Shimao Strait.

What will Lu Yi face the "prominent war"?

In March of this year, a group of continuous overdue list announced by the Shanghai Bill Exchange showed that a total of 24 companies under Shimao Group were overdue, including projects and urban companies. The largest amount involved was Nanjing Shimao Real Estate Development Co., Ltd. 10,000 yuan.

On June 14th, according to the announcement of the Shanghai Stock Exchange Private Equity Debt Platform, Shimao Group's guarantee of the "CITIC Investment-Xinquan Supply Chain Financial Phase 1 Asset Support Special Plan" was adjusted to be approved by the holder. The exhibition plan has been extended from the plan of the original 11 months to 18 months, that is, the payment time of the remaining principal of each period is delayed for about 7 months.

While seeking the exhibition period from investors, Shimao Group is also striving for self -rescue by selling assets. Earlier this year, Shimao Group successively took stock of its assets available for transactions, and made 36 projects that could be traded into promotional materials for promotion. The total quotation exceeded 77 billion yuan. Shimao Plaza, Shenzhen Landmark Project Shimao Shenzhen -Hong Kong International Center and other well -known projects. Excluding the financing amount that has been used through mortgage, up to 23.6 billion yuan.

Since this year, in late January, Shimao Group has sold three assets of Shanghai North Bund Project, Guangzhou Asian Games City Project, and Shanghai Bund Maoyue Hotel, with a total amount of about 7.4 billion yuan. Coupled with the sale of assets last year, Shimao has currently disposed of the total amount of assets in the Mainland and Hong Kong exceeding 10 billion yuan. According to Wind data, Shimao needs to solve at least more than 16 billion yuan in debt due in 2022.

According to the announcement issued by Shimao Group on June 10, the total sales of the cumulative contract sales of Shimao Group were about RMB 34.26 billion in the first May of 2022. The total contract sales in the first May decreased by 71.87%year -on -year. At present, Shimao Group has not released 2021 2021 After reviewing the results, it is still suspended.

- END -