Thirteen years，The story of 188bet sports betting app download Group and Chengdu Metropolis Exhibition went hand in hand、Acquisition，To the planned injection listing platform，Broken again，In the end we all went our separate ways。

October 28，188bet sports betting app download City Investment Disclosure Announcement，The company has listed and transferred its 51% stake in Chengdu Metropolis Exhibition on October 25th on the 188bet sports betting app download Equity Exchange、51% equity of Times Global，The total transfer price of the two projects is 152.6.9 billion yuan。

About the above listing matters，Kunming industry insiders said to Guandian Real Estate New Media: "Earlier，188bet sports betting app download wants to develop the exhibition economy in Kunming，Invited the more experienced Chengdu Exhibition Center，But it never got done，High vacancy rate。188bet sports betting app download Group later encountered problems with its capital chain，Start to shift to light asset model，Including reducing the burden on the exhibition economy。”

And this time after 188bet sports betting app download City Investment was listed for sale，Who will become Chengdu Metropolitan Exhibition、Where is the new owner of Times Global?？

15.3 188bet sports betting app download bidding price and bundled transfer

Since the termination of the 24 billion yuan acquisition of Chengdu Metropolitan Exhibition，Over two years，188bet sports betting app download Group has been carrying out a "slimming plan"，Transferred multiple company equity and more than 10 projects，Including old renovation projects in Panlong Hongqiao Village and Longchi Village in Kunming、Mile Temple Village Urban Renovation Project、Rongcheng Kunming Lake Project，And the Paradise Island project that was not transferred successfully、Banna Cloud City, etc.。

This time, it’s the turn of Chengdu Metropolitan 188bet sports betting app download and Times Global.

September 17 this year，188bet sports betting app download Group listed and sold 51% of the equity held by the above two companies on the Yunnan Equity Exchange，That fashion is in the pre-disclosure stage，The lowest listing price was not disclosed，The pre-disclosure period expires on October 17th。

Pre-disclosure period，Yunnan Provincial State-owned Assets Supervision and Administration Commission issued relevant documents，Agree with 188bet sports betting app download Group to sell Chengdu Metropolis Exhibition、All equity held by Times Global。October 25，188bet sports betting app download Group officially disclosed the minimum listing prices of the above two companies on the Yunnan Equity Exchange。

Information disclosure display，The base price of 51% of the shares of Chengdu Metropolis 188bet sports betting app download is 135.6.2 billion yuan，The listing price of 51% of Times Global’s shares is 17.0.7 billion yuan，Both listings and transfers are from October 28th to November 22nd。At the same time，Both equity projects are bundled and transferred。

Financial data display，As of August 31, 2019，Chengdu Metropolitan 188bet sports betting app download Revenue 14.8.1 billion yuan，Total profit 5.6.4 billion yuan，Net profit 5.0.3 billion yuan；Total assets are 388.2.2 billion yuan，Total liabilities 220.7.4 billion yuan，Owner’s Equity 167.4.8 billion yuan。Same period，Times Global Revenue 1.6.7 billion yuan，Total profit minus 256.590,000 yuan，Net profit negative 560.730,000 yuan；Total assets 66.8.5 billion yuan，Total liabilities 64.0.2 billion yuan，Owner’s Equity 2.8.3 billion yuan。

Total 152.“asking price” of 6.9 billion yuan，This is the same as 188bet sports betting app download Group 3 three years ago.Compared with the acquisition price of 0.8 billion yuan and the capital injection of less than 100 million yuan，The difference is more than 40 times。To this，Kang Bing, an industry insider in Kunming, said，The target company also has some relatively high-quality assets in Kunming，Including five-star hotels、Convention and exhibition center and nearly 400,000 square meters of land bank, etc.。

At the same time，About the bundled transfer of the two，Kang Bing thinks，Judging from the disclosed data，Times Global is insolvent，The profitability of Chengdu Metropolitan Exhibition is not bad。If listed separately，No one may be willing to buy the former。Considering that the two are related companies，188bet sports betting app download Group still reluctantly uses bundling to transfer。

It is worth mentioning，Currently 188bet sports betting app download Group will pledge the above-mentioned target equity held by it。where，51% equity of Chengdu Metropolitan Exhibition and Convention Center is pledged to Bank of China Yunnan Branch、Industrial and Commercial Bank of China Yunnan Branch、China Merchants Bank Kunming Branch；51% of Times Global’s equity is pledged to Sunac Southwest Real Estate Development (Group) Co., Ltd.。This transfer has been approved by the pledgee。

Who is nextTrader?

It is normal for 188bet sports betting app download Group to reduce unnecessary investment or transfer projects to "recover blood"，Deng Hong, the "King of Convention and Exhibition" and his founding team, all other shareholding shareholders gave up their right of first refusal in this equity transfer。Chengdu Exhibition、The direction of Times Global has undoubtedly become the focus of everyone's attention。

And just a week ago，The mixed development process between 188bet sports betting app download Group and Poly Development has just taken the first step，The former will be Kunming, Yunnan、A total of four projects in Xishuangbanna and Dongguan, Guangdong were transferred to the latter’s wholly-owned subsidiary，where，The two projects are large-scale complex projects with cultural tourism or wellness concepts。

It is during the mixed mixed reform period，188bet sports betting app download City Investment transfers its holdings to Chengdu Metropolis Exhibition、51% shares of Times Global，Because Poly Development is not interested in the above assets？

Additional information，From the perspective of the transfer conditions of the two bundled companies，188bet sports betting app download has specific requirements for takers。Displayed according to transfer conditions，The intended transferee must provide a bank deposit certificate of no less than 5 billion yuan，If it is a certificate issued by multiple banks，Issuance date should be the same day；At the same time，Required experience in cultural tourism real estate development，Have at least 5 (inclusive) cultural tourism real estate development projects nationwide；Does not accept intended transferee’s participation in the transfer in the form of a consortium。

According to Guandian Real Estate New Media，There are still a small number of real estate companies that meet the above three conditions at the same time，Especially the second condition，Currently only Wanda、Sunac、Evergrande、OCT、Xinhualian、Fosun 188bet sports betting app download, etc. are eligible。

To 188bet sports betting app download，Kang Bing revealed，Judging from the current situation，Although the project acquired by Poly Development a week ago is a high-quality project，But it is still a real estate-based project，The two target companies for 188bet sports betting app download transfer may not be in line with its development strategy in Kunming。

"In comparison，Sunac is more active in Kunming，Including the previous acquisition of entertainment-focused Wanda City，And the target company contains many amusement-based businesses，Winning these 188bet sports betting app download actually in line with Sunac’s strategy，It is still very valuable for its strategic layout in the southwest region。”

In fact，There was news in June this year，Sun Hongbin and Deng Hong jointly inspected the south bank of Dianchi Lake in Kunming。Then July 10th，Sunac has established a joint venture company "Chengdu Global Sunac Cultural 188bet sports betting app download Co., Ltd." with Chengdu Metropolis Exhibition - perhaps Chengdu Metropolis Exhibition and Times Global have already "owned their names"。

*188bet sports betting app downloadWen LaiSource: Guandian 188bet sports betting app download Network, author: Li Jin, original title: "188bet sports betting app download 15.3 billion listed on Chengdu Metropolis Exhibition、Times Global Who will be the taker？》.