South China Group's current liquidity funds are exhausted, and it needs to withdraw 15 billion to 20 billion funds in the short term to cope with the short-term debts and interest payable in the next year.

At present, the valuation of Xinchaorui Commercial is 5 billion, the valuation of Xinchao Rui Real Estate is 4 billion, Nanhua holds the shares of Xinchao Rui Commercial 20, holds the shares of Xinchao Rui Real Estate 10, and the reasonable valuation is about 1.4 billion, Xiang Qiuning wants to take over, but the funds in her and Ye Nanjia's personal names are mainly a small part of Nanhua's equity.

In that case, what do her former subordinates and relatives and friends think of her?

However, if Nanhua really wants to transfer this part of the equity, under the same conditions, Chen Li has the right of first refusal.

"There is no problem, I asked the listed company or in the name of Xinchaorui Real Estate to take over this part of the equity that Nanhua gave out, and I informed Zhou Bin to contact Xiang Qiang directly...... "Chen Li said.

Although Chen Li was holding 25 billion yuan of funds in his hand at this time, he did not want to consume capital reserves in such details, but Nanhua Group must transfer this part of the equity, and Chen Li could not easily agree to let an inexplicable third party become an important shareholder of the two most important territories of Xinchaorui Real Estate in addition to listed companies.

At present, Xinchao Rui Commercial has officially operated eight Xinchao Rui City Plaza, operating 19 large-scale commercial supermarkets of Xinrui Hongji, reducing its shareholding in Xinrui City a year ago, and acquired three shopping mall properties from Xinrui City at the beginning of the year, currently operating more than 1.2 million square meters of shopping mall properties, holding more than 400,000 square meters of shopping mall business, and the annual profit has reached 300 million yuan in 07 years.

In 07, due to the preparation cost and financial cost of the three new trendy city squares, the financial costs are too large, coupled with a large number of commercial property rental expenses, resulting in low annual profits, but this year, with the adjustment of assets, the payment of commercial rents will be reduced by more than 140 million, and the new three new trendy city squares will be stable during the operation period, and the annual profits are conservatively expected to increase to 600 million, according to the valuation of 5 billion at the beginning of the year are low.

After the rapid expansion of Xinchaorui Real Estate in 06 and 07 years, in addition to the base camp of Central Plains Province, Pujiang, Beijing, Guangcheng, Chongqing, Chengdu, Wuhan and Dongjiang Province have completed the initial layout, and the total number of stores has increased to 2,000.

07 years belongs to the high-speed expansion after the finishing period, resulting in a large number of unnecessary redundant costs, but even so, there is an annual net profit contribution of 300 million, 08 years of second-hand housing transactions are relatively sluggish, the annual net profit may shrink, will not increase.

However, Xinchaorui Real Estate, with 2,000 offline stores, the team of real estate agents has expanded to 20,000, the transaction volume has exceeded 120 billion in 07 years, and the special margin account has maintained 160 to 20 billion funds all year round.

Although it is impossible for Xinchao Rui to move this fund whether it is the management needs of Xinchao Rui real estate at this time, or the strict supervision of the national financial sector, it is impossible for Xinchao Rui to move this fund, but the initiative of which bank the regional company will set up a special account in is in the hands of Xinchao Rui, which is actually one of the chips that Xinchao Rui can use in his hands.

The valuation of Xinchaorui Real Estate at this time is 4 billion, which is also low.

Of course, now Nanhua is eager to get rid of it, and the domestic economy is now somewhat rumored, no one knows how much it will last, and Chen Li has a huge amount of money in his hands, and it is impossible to give them a higher valuation.

In such a situation, Xiang Qiuning also felt embarrassed, and was embarrassed to laugh at Chen Li and He Wan hiding here in a hot relationship.

The next day, Nanhua in Qingquan, Shangdu, Los Angeles, Yinghe four places of development of several real estate, the sales office because of the sharp price reduction, by the previous owners rushed to besiege the news, in Qingquan Nanhua Garden City sales office was smashed, for a time became a big news that shook the place.

On the one hand, the smashing of the Nanhua sales office gloated, on the other hand, the buyers who flocked to buy the real estate before gloating, but at the same time, there were also a large number of controversial voices, in short, it was very lively, so that the attention of the property market in Qingquan, Shangdu and other places was attracted by the real estate developed by Nanhua.

This also led to a surge in the number of people who poured into the sales office of Nanhua's subordinate real estate in the following days.

The decline in housing prices has made those investors and property speculators hesitate, and even want to sell the houses they have hoarded for cash, which has increased the supply of second-hand houses in the market, but for people who have children going to school, getting married, and urgently need to improve their housing, the decline in housing prices has prompted them to make up their minds to buy real estate.

In addition, the domestic securities market has fluctuated downward since October last year, and a considerable number of people still choose to leave the stock market, which has also caused some funds to be transferred from the securities market to the property market.

These factors have made the current market situation worse, the property market can still maintain a certain level of transaction volume, and now it depends on who can attract the sluggish home buyer group.

Nanhua's sales office was the first to be smashed, a hit, and successfully attracted the attention of the people who still have the need to buy a house, and the quality and location of Nanhua Garden City and other real estate are really good, the price has been lowered below the cost line, and the attraction will naturally not be bad.

Qingquan's property market entered May, compared with the sluggish March and April, the transaction volume of new houses has risen significantly, but the increase in transaction volume has almost been eaten by a real estate in Nanhua Garden City, and other developers can only stare at it in a hurry.

Moreover, this wave of price cuts in Nanhua is too ruthless, and if other developers follow up with the price cuts, it will make the new real estate projects that take land in 06 and 07 years lose money comprehensively.

The Qingquan Municipal Party Committee and Municipal Government set up a special working group to comprehensively rectify the private lending market, with Zhang Weiren personally in charge, and Zhang Haoran concurrently serving as the director of the Private Lending Management Office, and within 10 days interviewed the main lending financial intermediaries in Qingquan City, and did not hesitate to take criminal measures against the debt evasion intermediaries and enterprise responsible persons who had already received reports. Enterprises are responsible, take measures such as restricting exit from the country, and use high-pressure policies to reduce the scale of private fund-raising and lending in Qingquan City, and clear up the debts of small and medium-sized creditors, so as to avoid uncontrollable **.

Gao Junmeng finally acquired Gao Can's acquisition conditions, and transferred all the shares of Fengyuan Group to the industrial fund under Dashang Capital and Gao Junsheng and Gao Can's father and daughter.

In addition, Gao Junmeng transferred his personal 20 shares in Fanglong Real Estate to Wanbang Real Estate for a price of 600 million yuan to Wanbang Real Estate in order to repay his additional arrears of nearly 400 million yuan in fund-raising loans, and his personal shareholding in Fanglong Real Estate was reduced to 20, and his indirect shareholding in Wanbang Jialong was reduced to 8.

At this time, Gao Junmeng, Fanglong Group, and Wanbang Real Estate jointly injected 1.2 billion yuan into Fanglong Real Estate, and then Fanglong Real Estate, Wanbang Dili, and Jiahe Industrial jointly injected 3 billion yuan into Wanbang Jialong, plus some of the funds raised by Wanbang Jialong during this period, and returned the 3.8 billion fund-raising loans in late May.

Wanbang Jialong Binjiang New Town is completely immature, and it is extremely difficult to sell at a reduced price, but Jiangwan New Town will reduce the house price to about 5,000, or let Wanbang Jialong collect more than one billion house payments within a month, just sell the house in Jiangwan New Town at cost price, and every time they sell a set, Fang Yixin's heart is dripping blood.

Before the end of May, the Qingquan Municipal Government also formally signed an understanding agreement with Wanbang Jialong to recover the right to use the 2,200 mu of land granted to Wanbang Jialong Binjiang New Town Project, in order to offset the previous arrears of 7 billion yuan of land payment by Wan Jialong.

In Binjiang New Area, Xinrui City has negotiated 11 acquisition and capital injection cooperation projects, injected 5 billion yuan into the real estate projects in Binjiang New Area, and with the significant return of funds to the banking system, Qingquan City Commercial Bank injected 5 billion low-interest loans into these 11 real estate projects, repaying the high-interest fund-raising loans that had accumulated more than 10 billion yuan before.

By the end of May, the scale of Qingquan's private fund-raising and borrowing had effectively shrunk to about 40 billion, almost back to the level of about 05 years, and everyone could finally breathe a sigh of relief.

Zhang Xiaotian's Huatian Financial Investment Management Company, which is controlled by Zhang Xiaotian, was not enough to repay all the fund-raising funds after receiving a loan of 200 million yuan from Wanbang Jialong, and in late May, Chuangxing Technology's issuance of new shares was approved by the China Securities Regulatory Commission to resume trading, and they were given the opportunity to reduce their positions.

However, the stock market finally rebounded in April, and in mid-May, it continued to fall sharply from a position of about 3,600 points, and by the end of May, even the price of Xinrui City fell to 15 yuan per share.

Chuangxing Technology during the suspension period, the market index fell by 30, the first day of the resumption of trading of Chuangxing Technology, the expected trading of large funds did not appear, Chuangxing Technology's share price was directly hit a down limit, although the next day although there was no direct fall limit, but also fell 8, but even so, did not catch up with the decline of the market, which is mainly supported by good news.

The deadline given to Huatian by the city is early June, and the funds raised must be fully repaid, otherwise the city will formally file a case for examination of Huatian's problems for the crimes of illegally absorbing public deposits and fraudulent fund-raising.

Zhang Xiaotian and they were forced to liquidate all the shares of Chuangxing Technology, and finally only recovered 130 million funds, and also lowered the stock price of Chuangxing Technology by 40% compared to before the suspension.

In the end, the funds collected by Huatian were only enough to barely repay all the fund-raising loans, and Zhang Hua, Qi Hong and Zhang Xiaotian's investment of 70 or 80 million yuan over the years was finally spent in vain, and there were still more than 20 million claims held by the two companies in their hands.

However, the responsible persons of the two enterprises, who owed them more than 20 million yuan in debt, saw that the situation was not right in early May and had already fled Qingquan and did not know where to go.

Although the city has filed a case and seized the remaining assets of the two companies, it is still unknown how much it will be able to pay off in the end.

Although the city has resolutely adopted a series of measures, the mud and sand have fallen, and there are still as many as 60 loan intermediaries and individuals who fled the country in April and May, and the private fund-raising loans involving nearly 10 billion yuan have become a pile of rotten debts, which needs to take a longer time for the city to sort out.

Zhang Haoran served as deputy secretary of the Qingquan Municipal Party Committee and acting mayor, and Zhao Shunnian served as deputy mayor and secretary of the Working Committee of Binjiang New Area and Binjiang High-tech Industrial Park......

Xinchaorui finally reached an agreement with Nanhua to acquire 20 shares of Xinchaorui Commercial and 10 shares of Xinchaorui Real Estate, but to acquire this part of the equity, Chen Li did not use the reserve funds of Xinchaorui, but set up a special asset management trust fund under Dashang Capital, and raised 400 million yuan from the senior management of Xinchaorui system, and then raised 1 billion yuan at an annual interest rate of 8 to Qingquan City Commercial Bank and Provincial Construction Bank to undertake this part of the equity.

Nanhua recouped the funds, plus Xiang Qiang to resolutely cut the relationship with Xinchaorui, this part of the equity chips can be said to be very cheap, not to mention Chen Li, Qian Wanli, Hu Guoming, Zheng Wenyuan They all want to eat it, and even Xu Yuanzhou and Ding Yang came over, hoping to take over a part of the shares, but in the end, Chen Li did their work through Qian Wanli, and took over this part of the shares by the senior management who have made great contributions to Xinchaorui over the years.

Although the current stock market is also eligible to be listed, on the one hand, the stock market has fallen dismally, and the China Securities Regulatory Commission has temporarily blocked the window for enterprises to go public, on the other hand, the new tide of real estate, new tide business still needs two or three years of digestion and expansion period, each can achieve an annual profit of more than one billion, and whether it is a direct listing or a backdoor listing, it is more in line with everyone's interests.