Recently, for a period of time, the summer has been coordinating the real estate realization of Shenzhen Bao'an Huanglong Hotel, both externally and internally. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

I don't want to say a word about this, maybe you still don't understand it.

At first, the court entrusted the Longhua branch of a well-known real estate appraisal company to evaluate the real estate of the Huanglong Hotel, and appraised the total value of 35.16 million yuan at a price of 2,400 yuan per square meter, and the appraisal company appraised the real estate company at the time of making the loan, and his original appraisal value was 78 million yuan, and in three years, its value decreased by 54%, and the difference reached 42.84 million yuan.

Summer thought this was unacceptable, and when the Royal Dragon Hotel was about to buy the property and did a thorough job of the property, it was valued at $60.5 million in December 1992 by a special accounting firm of a listed company.

Xia believes that although the price of real estate has risen and fallen with the market and the market is weak, as an appraisal company, it should also abide by the bottom line of professional ethics, and cannot boast nonsense and maliciously raise the price when the appraisal is used to make loans;

For this reason, both the summer and the borrower asked the court to change the appraisal company to re-evaluate. The court granted his request and commissioned another appraisal firm, which is still in the process of being appraised.

Xia also believes that if the building is realized in the society, under the current situation of real estate prices and no market, it will be auctioned all the way down, which will make the loan repayment work outweigh the losses. Therefore, he went to the legal department and the loss prevention department of the head office many times to coordinate, and suggested that the head office adopt the method of repaying debts in kind, recover the mortgaged property, and then transfer it when there is a market value. After running a few times, I got the affirmation and support of the leaders of the relevant departments of the head office, and asked the Hubei branch to write a report, which was finalized by the head office.

To this end, Xia Xia wrote an official document numbered Shenzhen Yinhu Zi (1997) No. 50 "Instructions on Handling the Mortgage Property of Shenzhen Baoan Huanglong Hotel", the full text of which is as follows:

Citizens Bank Hubei Branch Documents

Shenshi Yinhu Zi (1997) No. 050

Instructions on the handling of the mortgaged property of Shenzhen Bao'an Huanglong Hotel

Head Office:

On June 17, 1994, Shenzhen Bao'an Huanglong International Hotel took the company's self-shopping property, a Huanglong Hotel (formerly known as Huanglong Hotel), as collateral, and went through the loan contract procedures of 30 million yuan with our bank, and successively lent 27 million yuan. Among them, 5.4 million yuan was issued in the name of Huanglong Hotel, and the balance was reaffirmed by the People's Bank of China after the People's Bank of China, which reaffirmed the requirement that a single customer cannot exceed 30% of the registered capital, so Huanglong Hotel looked for four other customers, and with the consent of Hubei Financial Services Society, it took the way of transferring mortgage rights and guarantee of Huanglong Hotel, and each loaned 5.4 million yuan. These four customers are: Shenzhen Baoan Longteng Industrial Company, Shenzhen Baoan Harmony Trading Company, Knorr Hotel, Shenzhen Jintai Industrial Co., Ltd. As of November this year, the above-mentioned five companies owed a total of 27 million yuan in loan principal and 13.53 million yuan in interest (overdue interest is calculated at a monthly interest rate of 18‰).

Due to the borrower's long-term arrears of principal and interest and non-repayment, our bank began to repay the loan in accordance with the law in September 1996, and the trial was completed by the Municipal Intermediate People's Court. In general, claims and mortgages were recognized. At present, except for the Jiale Hotel who appealed to the Provincial High Court against the judgment, the remaining four have applied for enforcement and have reached the stage of dealing with the collateral. The loan collateral is a seven-storey main and auxiliary building-style hotel building, covering an area of 13,500 square meters and a construction area of 14,650 square meters. It is located on the east side of Renmin Road in Longhua, facing the People's Park, and the geographical location is good. At the time of the loan, Shenzhen Intercontinental Real Estate Consulting Co., Ltd. appraised a total value of 78 million yuan, while the Municipal Intermediate People's Court still entrusted the appraisal company to appraise the total value of 35.16 million yuan, and the net value after excluding taxes and fees was 13.06 million yuan. According to the preliminary calculation of our bank, according to the benchmark price of the report, excluding the overcalculation of taxes and fees due to the lack of consideration of purchase and construction costs, the principal and interest of 18 million yuan can be recovered after the auction at the reserve price. At present, the mortgagor has submitted an objection to the appraisal report to the Municipal Intermediate People's Court. Currently, it is still being re-evaluated.

Our bank believes that the property is located in the center of Longhua, at a price of 2,400 yuan per square meter of construction area, which is about the same as the price of land sold in the area, not to mention that since 1994, the property has invested 20 million yuan in improvement costs (of which a state-owned bank in Longhua paid nearly 10 million yuan), and according to the sales contract signed by Longhua state-owned bank and Huanglong Hotel for the sale of 5,000 square meters, the total price is 19.16 million yuan (3,800 yuan / square meter). Based on the above situation, our bank suggests that under the current downturn in the real estate market, it is more advantageous to participate in real estate bidding or preserve credit assets in the form of debt redemption.

If not, please approve it quickly.

Attachments: 1. Five copies of the judgment.

2. Two evaluation reports.

Citizens Bank Hubei Branch (India)

1 December 1997 (to be continued.) )