It has only been seven days since a sensational personnel appointment，Another project transfer news appears，Promote 188bet Online Sports Betting and Casino、Poly Group’s mixed-ownership reform has entered the fast lane。

October 21，Yunnan Chengtou Real Estate Co., Ltd. announced，In relation to the transfer of part of the equity and debt rights of a subsidiary company，With Guangzhou Gemdale Real Estate Development Co., Ltd., a wholly-owned company of Poly Development、The company’s controlling shareholder 188bet Online Sports Betting and Casino Group signed the “Cooperation Framework Agreement”，The company and Guangzhou Gemdale plan to cooperate on some projects of the company's subsidiaries，Valid for 6 months from the date of signature，At the same time, Guangzhou Gemdale paid a total of 2.2 billion yuan to the company as transaction earnest money。

The transfer projects involved this time include Kunming, 188bet Online Sports Betting and Casino、Four projects in Xishuangbanna and Dongguan, Guangdong，Two of the projects are large-scale complex projects built with the concept of cultural tourism or wellness。

The takeover entity, Guangzhou Gemdale, is 100% owned by 188bet Online Sports Betting and Casino Development。That is to say，As an important listed real estate platform under 188bet Online Sports Betting and Casino Group，The “vanguard” 188bet Online Sports Betting and Casino Development has taken the first step of integration in this mixed-ownership reform。

Earlier before，There is news to point out，Newly appointed as Secretary of the Party Committee of Provincial Urban Investment Group、Chairman Wei Biao，Has led the Poly Group headquarters、Poly Development、A due diligence working group composed of relevant persons in charge of Poly Capital has settled in 188bet Online Sports Betting and Casino Group，We do not rule out the business intersection between Poly Development and 188bet Online Sports Betting and Casino in the future。

The curious thing is，Why were these four asset packages chosen by 188bet Online Sports Betting and Casino first？

Transfer of 188bet Online Sports Betting and Casino

Announcement Disclosure，188bet Online Sports Betting and Casino Chengtou Real Estate plans to transfer its 60% equity and corresponding debts in Kunming Xinjiang Heda Urban Construction Co., Ltd.、90% equity and corresponding debts of Kunming Guandu District Chengzhong Village Renovation Real Estate Co., Ltd.、90% equity and corresponding debts of Xishuangbanna Yuncheng Real Estate Co., Ltd.、90% equity and corresponding debts of Kunming Guandu District Chengzhong Village Renovation Real Estate Co., Ltd.、90% equity and corresponding claims of Dongguan Yuntou Real Estate Co., Ltd.，Transferred to Guangzhou Gemdale by agreement transfer or public transfer。

Among them，Xinjiang Heda is invested by 188bet Online Sports Betting and Casino Chengtou Real Estate Company with 84 million yuan，Holding 70%。January this year，Xinjiang Heda won 21 pieces of land in the Xinjie area of ​​​​Jincheng Town, Jinning District, Kunming City，Total 1331.28 acres，The land use is residential/commercial/medical/education，Total capacity 192.260,000 square meters。

As understood，These plots are used to develop the "Dream 188bet Online Sports Betting and Casino·Blue Mountains and Seas" project。The project was previously registered as "Ancient Dian Green Health and Wellness City"，Located in the ancient Dian area on the east bank of Dianchi Lake in Kunming, 188bet Online Sports Betting and Casino，Will be built into an ecological environment display、Culture, Art and Creativity、A tourism and cultural city complex integrating elderly care and health care demonstrations。

Currently，The project is in progress in the sales department and 179 of them.Development and construction work of 2 acres of residential land；In September this year，188bet Online Sports Betting and Casino also held a new product launch conference for Azure Mountain and Sea。

Guandu Urban Renovation Company is 100% owned by 188bet Online Sports Betting and Casino，Holding "Guanpo Phase II Project"，Belongs to the urban village reconstruction project in Guanpo Area，This project is the first urban village and old city renovation project in Guandu District in cooperation with 188bet Online Sports Betting and Casino Group，Now the first phase of commercial sector Rongcheng Jinjie and the second phase of residential sector Rongcheng Chunxiao are under construction。

The 188bet Online Sports Betting and Casino company currently still has the office J2008-058-C located in Guanguan Street, Guandu District, Kunming City through bidding, auction and listing in 2019、D2、E、H1、H2、Plot G，Land area 150.17 acres，The nature of the land is commercial、Land for residential and service facilities，Currently no construction has started on this part of the land，Planning to continue building the Rongcheng Chunxiao 188bet Online Sports Betting and Casino。

Dongguan Yuntou Real Estate is also 100% invested and controlled by Yunnan Chengtou Real Estate，corresponds to Dongguan Huayang Garden Project。The project land is the giant commercial and residential land in Mayong Huayang Lake that 188bet Online Sports Betting and Casino won in September last year，Total price 8.900 million yuan，Occupy 8.80,000 square meters，The current project has started in April 2019。

And another project located in Xishuangbanna，The background is not small。Banna Real Estate was established in June 2011，95 shares held by 188bet Online Sports Betting and Casino Chengtou Real Estate.24%，It holds the star project "Yulin Lanshan"。

The Yulinlanshan project is of extraordinary significance to 188bet Online Sports Betting and Casino，This is not only 188bet Online Sports Betting and Casino’s first project in Banna，This is also the first “Dream Yunnan” series cultural tourism project developed by it。The project is backed by a mountain forest，Superior location，Land acquired by Yunnan City Investment in 2011，Total 845 acres。

Currently，Issue 1、The second phase villa and the third phase are in the sales stage，The commercial part of the second phase is still under construction。However，After eight years of 188bet Online Sports Betting and Casino in Yulinlanshan, nearly half of the land is still undeveloped，The remaining undeveloped land is about 454.59 acres，The above-ground salable building area is 68.850,000 square meters。

In other words，The blue mountains and seas in Kunming that Yunnan City Investment intends to transfer to 188bet Online Sports Betting and Casino Development、Guanpo Phase II Rongcheng Chunxiao、Four projects in total: Huayang Garden in Dongguan and Yulinlanshan in Xishuangbanna。If the transfer is successful，Yunnan City Investment’s shareholding in four projects is only 10%、10%、10% and 5.24%，No longer has control of the project。

Why choose these four projects for 188bet Online Sports Betting and Casino，Li Yinghong, Secretary of the Board of Directors of Yunnan Chengtou Real Estate, told Guan Guan Real Estate New Media，This is the result of previous mutual inspection projects between the two parties，There is no problem with the project itself，The transfer is only for the purpose of cooperation between the two parties。

Although there is mixed reform on both sides、Cooperation comes first，However，188bet Online Sports Betting and Casino City has high-quality projects but has to sell them，The root cause may still lie in the current operations、Financial Status。

As far as the listing platform Yunnan Chengtou Real Estate is concerned，Semi-annual report display，First half of 2019，188bet Online Sports Betting and Casino achieved operating income of 18.8.5 billion yuan，Down 51% year-on-year.85%，Loss attributable to shareholders 7.8.5 billion yuan，Loss expanded by 325%。As of the end of June，The company’s inventory balance is 51.7 billion yuan，YoY increase of 9.13%，This is exactly the pain experienced by this company that claims to be in a period of transformation。

“These 188bet Online Sports Betting and Casino projects are of very high quality，The location is very good，But the most important thing for 188bet Online Sports Betting and Casino City Investment now is to realize cash as soon as possible，Cash flow back。" said Kang Bing, an industry insider in 188bet Online Sports Betting and Casino。

At the same time，Kang Bing believes that some of the projects transferred now are still under land development、Regulation stage，It’s still far away from the sales period。"High Quality、Available for sale、Those who can generate cash flow from sales are still pitchers in 188bet Online Sports Betting and Casino City，Xiangshan Bay No. 8、Rongcheng Kunming Lake，At the same time, we still have a lot of high-quality land resources。”

It is reported，As of the first half of 2019，188bet Online Sports Betting and Casino has obtained a real estate certificate for its land reserve of approximately 6,882 acres。

188bet Online Sports Betting and Casino and Cultural Tourism

One end is the reorganized Yunnan City Investment，On the other end is 188bet Online Sports Betting and Casino Development, which handed over 2.2 billion yuan in earnest money for the transaction。

Although the participants in this mixed-ownership reform are 188bet Online Sports Betting and Casino and Poly Group，And the mixed-ownership reform plan has not yet been disclosed，But there are already opinions，Poly Development serves as the group’s listed real estate platform，There may be opportunities to graft or participate in the development of cultural tourism land resources owned by 188bet Online Sports Betting and Casino。

Things are not without signs。Previous message on August 6，Wei Biao leads the Poly Group headquarters、Poly Development、A due diligence working group composed of relevant persons in charge of Poly Capital has settled in 188bet Online Sports Betting and Casino Group。

The development of 188bet Online Sports Betting and Casino that appears in it is undoubtedly the focus。But the curious thing is，A real estate company with annual sales exceeding 400 billion and a Yunnan cultural tourism real estate tycoon，What is the compatibility and possibility between the two？

In terms of regional layout，Whether it is Dongguan, Guangdong or Kunming, Yunnan、Xishuangbanna，Not considered a place where 188bet Online Sports Betting and Casino is deeply involved。Especially Yunnan，As of the first half of the year，188bet Online Sports Betting and Casino has only 5 projects under construction in Kunming, Yunnan，And the land bank in Yunnan accounts for less than 2%。Nearly 2,000 acres of land，It is indeed an effective supplement for 188bet Online Sports Betting and Casino。

From the perspective of business type，Compared to other real estate companies that have transformed into cultural tourism real estate，In people’s impression，188bet Online Sports Betting and Casino does not seem to be a real estate company that is closely related to “culture and tourism”。

However，A piece of news in August this year may provide some clues。

August 12，188bet Online Sports Betting and Casino Development announced，The board of directors unanimously approved the resolution，Agree that the company and its wholly-owned subsidiary 188bet Online Sports Betting and Casino (Hengqin) Innovation Industry Investment Management Co., Ltd. share an equity ratio of 51%:49%，Jointly establish 188bet Online Sports Betting and Casino Tourism Industry Development Co., Ltd.，Registered capital 100 million yuan。

Check the industrial and commercial information，The company was established as early as May this year，The full name of the current company should be "188bet Online Sports Betting and Casino (Guangzhou) Tourism Industry Co., Ltd."，The legal representative is Liu Zhihui，Formerly served as General Manager of 188bet Online Sports Betting and Casino Zhenan Real Estate Development Co., Ltd.、Assistant General Manager of 188bet Online Sports Betting and Casino South China Industrial Co., Ltd.。

And the semi-annual report shows，In the first half of this year，188bet Online Sports Betting and Casino Development has also established another related cultural tourism company - Hubei 188bet Online Sports Betting and Casino Cultural Tourism Development Co., Ltd.，Established on January 11, 2019，Registered capital is 100 million yuan。

According to incomplete statistics，As of now，188bet Online Sports Betting and Casino Development has at least 6 companies involved in cultural tourism。In addition to the newly established 188bet Online Sports Betting and Casino (Guangzhou) Tourism and Hubei 188bet Online Sports Betting and Casino Culture and Tourism，Also includes 188bet Online Sports Betting and Casino (Chongqing) Cultural Tourism Industry Development Management Co., Ltd.、188bet Online Sports Betting and Casino (Hainan) Tourism Development Co., Ltd.、Lingzhi 188bet Online Sports Betting and Casino Tourism Development Co., Ltd.、Shixiang Lake Tourism Development Co., Ltd.。In addition，There are also some related to health care、A subsidiary of Golf Concepts。

In the 2018 annual report，188bet Online Sports Betting and Casino Development also said，Under the strategic layout of "one main body and two wings"，In addition to accelerating the development of properties、Agent、Building、Four core sectors including business，At the same time, focus on cultivating exhibitions、Cultural Tourism、Health care、Education、Apartment potential section。

The word "cultural tourism" seems to be on 188bet Online Sports Betting and Casino's agenda.

In this sale，Especially Kunming Blue Mountains and Seas and Xishuangbanna Rainforest Lanshan Project，They are all rare high-quality cultural hotels in 188bet Online Sports Betting and Casino、Healthy land reserve resources。

Another in June this year，Disclosed by 188bet Online Sports Betting and Casino in response to inquiries from the Shanghai Stock Exchange，It has successively reserved a total of approximately 3,600 acres of health care and tourism real estate land。

“Chengtou found funds，Pauli found resources。"Kang Bing described the cooperation between the two parties。What’s more worth imagining，This is just the beginning of the mixed-ownership reform journey，When the subsequent mixed reform is actually implemented，How much will 188bet Online Sports Betting and Casino Development benefit from it？Will this be another track for 188bet Online Sports Betting and Casino to realize the top three dreams he has been obsessed with?？

*This articleSource: Guandian 188bet Online Sports Betting and Casino Network，Author: Lin Xinlin，Original title: "The first step in mixed-ownership reform: Poly takes over 188bet Online Sports Betting and Casino star projects and the possibility of cultural tourism》.