Vanke takes over the Sun Mountain Cultural 188bet Online Sports Betting and Casino Resort Project in Fuxian Lake, Yuxi, Yunnan，Today，This news was disclosed through the announcement issued by Yunnan Chengtou Real Estate Co., Ltd.。Announcement，Will jointly establish Yunnan Wancheng Centennial Investment and Development Co., Ltd. (Wancheng Centennial) with Kunming Vanke and other companies，Wancheng Centennial will participate in the construction of the Sun Mountain Cultural 188bet Online Sports Betting and Casino Resort Project in Chengjiang, Yunnan (Sun Mountain Cultural 188bet Online Sports Betting and Casino Project)。Vanke will be responsible for the financial management of Wancheng for a hundred years。To this point，The label of the Sun Mountain Cultural 188bet Online Sports Betting and Casino Project "Vanke" is clearer。This project started in 2012，Not yet completed。

Establish a joint venture to develop the Taiyang Mountain 188bet Online Sports Betting and Casino。Picture source screenshot of Yunnan Urban Investment Announcement

Sun Mountain Cultural 188bet Online Sports Betting and Casino Project is positioned as a "world-class resort"

The Sun Mountain Cultural 188bet Online Sports Betting and Casino Project is located on the east bank of Fuxian Lake in Yuxi, Yunnan，Started in 2012，The person responsible for the development at that time was Yunnan Chengjiang Eagle Land 188bet Online Sports Betting and Casino Resort Co., Ltd. (referred to as Eagle Land Company)。The shareholder of this company is Yunnan Urban Investment Group、Huashangzhijia and Yongchang Development Co., Ltd. (overseas enterprise)，hold 60% of shares respectively、30% and 10%。

Fuxian Lake is the largest deep-water freshwater lake in China，The largest lake at the source of the Pearl River，Because the lake water is crystal clear、Crystal clear，Called by the ancients as “Ten thousand hectares of colored glaze”。around 2012，More than 20 cultural 188bet Online Sports Betting and Casino projects have been implemented in Fuxian Lake，For the Taiyang Mountain Cultural 188bet Online Sports Betting and Casino Project by Fuxian Lake，Eagle Land Company is full of confidence，has publicly stated，To build it into a "world-class resort" within five years。

Environmental protection costs are high, and the 188bet Online Sports Betting and Casino that has not been completed in six years has changed hands

In 2012, when cultural 188bet Online Sports Betting and Casino projects around Fuxian Lake were getting started，Data released by Yuxi Environmental Protection Bureau of Yunnan Province，Although the overall water quality of Fuxian Lake still remains at level I，But the water quality situation is not optimistic，Total nitrogen at 0.16 to 0.between 18，It is very close to the standard critical value of Class I water quality，Part of it is already Category II water。

Mid-June 2012，Yuxi Municipal Party Committee and Government Regulations，All projects near Fuxian Lake are temporarily suspended，Conduct an environmental assessment and rectification in accordance with the new specifications before starting construction，A number of environmental protection red lines have been added to the start of construction，For example, strictly control water intake from Fuxian Lake，It is strictly prohibited to take water from Fuxian Lake for water landscape and the real estate land area of ​​a single 188bet Online Sports Betting and Casino shall not exceed 25% of the planned land area, etc.。

This has also become an inflection point for the development of Taiyangshan cultural 188bet Online Sports Betting and Casino project，The Taiyang Mountain cultural 188bet Online Sports Betting and Casino project originally planned to be put into use in five years，Not yet completed。

Facing high investment in environmental protection，November 2013，188bet Online Sports Betting and Casino Urban Investment Group plans to transfer 60% of each equity stake in Yingyingdi Company and Taiyangshan Company，The listed entity it actually controlled, 188bet Online Sports Betting and Casino City Investment, chose to give up its right of preemptive acquisition，The reason is "taking into account the risks of environmental protection，11th anniversary of development cycle，Large amount of subsequent investment，The period of positive cash flow return is long”。

After the transfer is completed，Eagle Land Company is managed by Huashangzhijia、Yongchang Development holds 90% shares、10%。Because Yunnan City Investment holds 40% of the shares of Huashang Home，Converted，Still holds approximately 36% equity in the Taiyangshan 188bet Online Sports Betting and Casino。

Vanke obtains 188bet Online Sports Betting and Casino operation rights for RMB 807 million

Yunnan City Investment has withdrawn from the development of Taiyang Mountain，And give up the right to purchase first，Let the Sun Mountain development 188bet Online Sports Betting and Casino progress slowly。According to plan，The Sun Mountain 188bet Online Sports Betting and Casino should be completed in June 2017，actually，The 188bet Online Sports Betting and Casino is less than half developed，Only one hotel is open。

At this time，Vanke intervenes in the development of Taiyangshan cultural 188bet Online Sports Betting and Casino project。At that time, Kunming Vanke passed the transfer of Yunnan Centennial Real Estate Development Co., Ltd. (Centennial Real Estate), a shareholder of Huashang Home、25% and 15% equity held by Yunnan Yunling Tianlai Investment Co., Ltd. (Yunling Tianlai)，Indirectly holds 36% equity of Taiyang Mountain Project。The reason why Vanke, which had no right of first refusal, was able to acquire Huashangzhijia，Because Yunnan Urban Investment chose to give up this right。

According to Vanke’s announcement in June 2017，The undeveloped land of Taiyangshan 188bet Online Sports Betting and Casino covers an area of ​​2.52 million square meters，Comprehensive floor area ratio is about 0.64，The building area is approximately 1.62 million square meters based on floor area ratio。Based on Vanke’s 36% interest，The price of the rights land needs to be paid about 8.0.7 billion yuan

Yunnan Urban Investment Group gave up its right of first refusal twice，Also gave up the right to operate，Kunming Vanke is responsible for the subsequent operation and development of the Taiyang Mountain 188bet Online Sports Betting and Casino。According to the announcement of Yunnan Urban Investment on May 25，The legal representative and general manager of Wancheng Century were nominated by Vanke，The financial person in charge is appointed by Vanke。

Sun Mountain 188bet Online Sports Betting and Casino is included in Vanke Cultural 188bet Online Sports Betting and Casino’s territory

The Taiyangshan project was once regarded as useless by Yunnan City Investment，Vanke happily bought it，This is related to Vanke’s transformation into cultural 188bet Online Sports Betting and Casino。According to incomplete statistics，The 188bet Online Sports Betting and Casino real estate projects disclosed by Vanke include Jilin Songhua Lake Resort、Huizhou Shuangyue Bay、Hangzhou Liangzhu Cultural Village, etc.，The Chengjiang Taiyang Mountain project is also its trial project in the southwest region。January 2018，Vanke also announced the launch of a 2,300-acre cultural 188bet Online Sports Betting and Casino project in Xichang, Sichuan。

About the risks of continued development，Analysts from Dabei Qingyuan Think Tank think，Only half of the Fuxian Lake real estate and 188bet Online Sports Betting and Casino projects that were concentrated back then have been preserved，The scale of construction continues to shrink，Currently less than 50,000 acres，Sun Mountain is one of the preserved cultural 188bet Online Sports Betting and Casino projects，There is already a lot less competitive pressure。Also，Environmental protection costs have become a cost that real estate and 188bet Online Sports Betting and Casino development companies must consider，Most companies are already well prepared for this，For this，Vanke’s development risk of the Taiyang Mountain cultural 188bet Online Sports Betting and Casino project will be relatively low。

*Source of 188bet Online Sports Betting and Casino article: WeChat public platform "Daily Travel News" (ID:xjblvyou), author: Wang Qingbin, original title: "Encountering environmental protection red line、Not completed in six years，Sun Mountain Cultural 188bet Online Sports Betting and Casino Project changes ownership to Vanke》.