Selling British assets, HK $ 9 billion in Evergrande, Li Ka -shing "back"?

Li Jiacheng's balance has begun to tilt.

Selling British assets, buying Southeast Asia and Hong Kong assets have become a basic strategy for Li Ka -shing. Buy it back and buy it again.

Li Jiacheng once said that he has not suffered a loss in a year since the business for more than 60 years. Nor has it been trapped in a financial crisis or a very serious performance decline.

Therefore, every time Li Ka -shing has a deep meaning behind it.

On July 28, some media reported that Evergrande was seeking to sell China Evergrande Center Property in Wan Chai, Hong Kong, with a valuation of HK $ 9 billion.

It is reported that Changshi Group, a subsidiary of Li Jiacheng, also participated in the bidding this time.

Subsequently, some media also confirmed from the Changshi Group that Changshi Group has confirmed that the bid's "Wan Chai Judge No. 38 China Evergrande Center" project has been confirmed.

This means that Li Ka -shing has a great chance of taking over the Hong Kong Evergrande Center in China.

So why can Li Ka -shing "copy" Evergrande accurately? What signal did Li Ka -shing buy again in Hong Kong's property?

According to public information, on November 12, 2015, Evergrande purchased the building from the Chinese Real Estate's indirectly wholly -owned subsidiary at a price of HK $ 12.5 billion. It is reported that the name of the building was "US Wantong Building" before. A total of 26 floors, covering an area of ​​2138.8 square meters, and a total floor area of ​​32,100 square meters.

At that time, Evergrande's time to take over the building was also very interesting, that is, the early stage of Evergrande's rapid expansion. It is reported that at that time, Evergrande's buying price refreshed the highest record of buying and selling the Hong Kong commercial building.

It is worth mentioning that Evergrande's buying China Evergrande Center is not a one -time payment, but is paid off in six years. If the payment plan is calculated in 2021, Evergrande will be paid by Evergrande.

I have to say that Evergrande's luck is really not good, but it is not a precursor.

As the benchmark of the industry, Vanke's Yu Liang had made a judgment on the real estate industry in 2018. At that time, Sunac, Country Garden, and Evergrande took advantage of the rise in the third- and fourth -tier property market, and they continued to expand their high week. Due to Yu Liang's judgment, Sun Hongbin had also been angry with Yu Liang's "Silver Age".

By the second half of 2020, due to the difficulty of financing in the real estate industry, deleveraging is advancing, many real estate companies have actually felt the changes in the external environment, but some companies still have not slowed down, but they have borrowed high interest. The US dollar debt, so that the debt defaults were frequent.

In 2021, Evergrande's crisis broke out in full, and Evergrande had to sell some projects to start to return funds, but the process was undoubtedly very difficult. In August 2021, some media revealed that Evergrande wanted to sell the China Evergrande Center at the intention of HK $ 15.6 billion. Later, Evergrande and two Guangzhou companies were contacted. , Unfortunately, this transaction eventually aborted.

By this year, Evergrande's issue is larger than before, and it is more lacking than last year. Therefore, the price of the China Evergrande Center has dropped to HK $ 9 billion, which is less than HK $ 1.5 billion than last year.

I have to say that in fact, selling the building to Li Ka -shing this time is good for both parties:

First, Li Ka -shing's family funds are very abundant. After the transaction is completed, Evergrande will get cash in a short period of time. It will be a high probability event. For Evergrande who lacks money, this is undoubtedly a "rainy".

Second, Evergrande announced that the company will announce the reorganization plan at the end of July. It is already close to the end of July. Therefore, Evergrande needs a funds to maintain normal operation.

Third, for Evergrande, the most important task is the "guarantee of the building". It is still very large for Evergrande's funding for whether it can be successfully insured.

In summary, I think that if Li Ka -shing can successfully take over the property, the Li Ka -shing family can make a small profit, and Evergrande can also slowly, which is a win -win situation.

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