YOUNGOR Starts Resumption Trading, Splitting Real Estate Business Or Will Be Stranded Indefinitely.

< p > after 1 months' suspension of the "major asset reorganization", YOUNGOR began its February 20th a href= "//www.sjfzxm.com/news/index_c.asp" > resumption trading < /a >.

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< p > the industry believes that the suspension of YOUNGOR may be a long rumored "real estate business spin off" plan will start, and the termination of this major asset reorganization matters, it also means that YOUNGOR plans to split the listing of real estate business will no longer be stranded.

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< p > YOUNGOR announcements that during the suspension period, the company has hired audit institutions, legal advisers and independent financial advisors and other relevant intermediary agencies to actively promote auditing, due diligence and other work, and has made careful deliberation on important matters of restructuring plans with relevant parties.

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< p > but in view of the complexity of the major asset reorganization matters and the difficulty coefficient, the company's decision to terminate this major asset reorganization is not yet ripe due to the fact that the major asset reorganization matters are not yet ripe.

And undertake to discuss and discuss the above major asset reorganization matters within 3 months from the date of the announcement.

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< p > industry analysis, YOUNGOR's separation of real estate business listing may be related to the imperfect domestic capital market. Splitting the listing means easily giving a shell to the listed company, which is unfair to those quality enterprises waiting to be issued or not yet listed. Therefore, the domestic practice is strictly controlled.

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< p > with YOUNGOR's a href= "//www.sjfzxm.com/news/index_c.asp" > dress < /a >, real estate and financial investment, the scale of "three carriages" is increasing day by day, and the contradiction of coexistence with a listed company is also reflected. It is imperative to comb the three major businesses.

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< p > in fact, YOUNGOR's plan to split real estate business can be traced back to 2007.

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At that time, the market was rumoured that YOUNGOR had the intention to spin off P.

In July 2009, YOUNGOR announced an investment of 1 billion 400 million yuan to increase the registered capital of YOUNGOR apparel Holdings Limited, a wholly owned subsidiary, to increase from 200 million yuan to 1 billion 600 million yuan.

According to the then plan, YOUNGOR garment holdings will become a platform for YOUNGOR to integrate its apparel assets after the completion of the capital increase.

At that time, YOUNGOR also admitted that the main purpose is to straighten out the shareholding relationship in the group and separate the ownership of the two businesses of real estate and clothing.

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In March 2011, YOUNGOR chairman Li Rucheng told reporters in Beijing that YOUNGOR is now splitting up the existing listed companies. The initial plan is to separate its real estate business from the current listed companies, and the financial investment business will be divestiture to the parent company YOUNGOR group. P

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< p > however, in 2011, YOUNGOR's real estate business plummeted, with sales of only about 3000000000 Yuan that year, accounting for only 1/3 of the annual target, and Li Rucheng's plan to separate the listing of real estate business mentioned in that year has been shelved repeatedly.

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< p > this a href= "//www.sjfzxm.com/news/index_c.asp" > YOUNGOR < /a > is regarded as the restart of the spin off operation because of the suspension of the "major asset reorganization". However, with the resumption of the licensing, YOUNGOR's real estate business will be listed separately or will be extended indefinitely.

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< p > related links: < /p >

< p > according to the official introduction of YOUNGOR, as early as 1992, YOUNGOR set foot in the development of real estate. In Ningbo, Suzhou and other places, East Lake gardens, East Lake Xinyuan, urban forest, Suzhou future city, Seaview Garden, Qian Lake Beverly and other large flats were developed, and 3 million square meters of residential properties, villas, business buildings and other properties were developed.

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< p > in recent years, YOUNGOR's real estate development business positioning has changed from being established in Ningbo to becoming a strong brand in the Yangtze River Delta region. At present, it has been developing real estate in Ningbo, Suzhou, Hangzhou, Shaoxing and Taizhou, and is ready to integrate real estate development business and start to move to the whole country. It is expected to become a national real estate developer in five years.

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