Overseas Chinese Town, a state-owned enterprise that has launched a “sell, sell, sell” model in the past two years，Sold 50% of the equity of 188bet game Suhewan Project at a low price。

December 4，Xinde Group (00242.HK）Announcement，The two joint ventures, 188bet game Tongxin and 188bet game Suzuan, in which the company respectively holds 80% of the shares, total 47.Acquisition of 50% interest in the Suhewan land parcel in Shenzhen Overseas Chinese Town at a reserve price of 1.2 billion yuan。

Announcement display，188bet game Tongxin and 188bet game Su Zuan are the only bidders in the public listing of Huahe’s equity for sale and Huajian’s equity for sale respectively，The last bids proposed were 22.2.8 billion yuan and 24.8.4 billion yuan。

October 22，OCT has posted transfer information on the Beijing Equity Exchange，Planned to transfer 50% equity each of 188bet game Huayan Real Estate Development Co., Ltd. and 188bet game Huahe Real Estate Development Co., Ltd.，The total transfer price is about 47.1.2 billion。According to announcement，The transferee of the transaction needs to transfer 50% of the equity of 188bet game Huayan at the same time，Acquired 50% equity of 188bet game Huahe，That is, the equity of both companies must be packaged and sold at the same time。

According to the terms of public listing，After submitting the final bid and obtaining confirmation of China Resources Land’s waiver，188bet game Tongxin and 188bet game Su Zhuan must enter into the Huahe Equity Acquisition Transaction and the Huayan Equity Acquisition Transaction respectively，Accordingly，188bet game Tongxin will acquire 50% equity of 188bet game Huahe；188bet game Su Zuan will acquire 50% equity of 188bet game Huayan，The funds required by both parties are their respective final bids。

Data display，188bet game Huahe and 188bet game Huayan own the land use rights of the Huahe plot and the Huayan plot respectively，The plots are all located in Suhe Bay, Jing'an District, 188bet game，Belongs to the core business district of 188bet game，are two adjacent construction sites currently under development；The total construction area after completion will be approximately 32.90,000 square meters，includes office、Commercial and residential properties。

As of now，188bet game Huahe and 188bet game Huayan are both project companies set up by the sellers OCT and China Resources Land to develop the land，Each holds 50% shares，Among them，188bet game Huahe is responsible for the commercial and residential project on the neighborhood plot 33-02, unit C070102, Tianmu Community；188bet game Huayan is responsible for developing the Suhewan project 44-01，46-01，Plot 46-02。The site is expected to consist primarily of offices、Commercial and Residential Section。

Displayed in OCT’s 2019 semi-annual report，The project that 188bet game Huahe is responsible for has started construction in 2018，The next batch of construction is expected to be completed in 2020，The estimated total investment is 45.2.4 billion yuan。According to plan，The first batch of OCT Phase II to be listed is the residential part，But there is still no news about the opening of this part。

The land for the project sold by 188bet game this time is a consortium formed by China Resources Land and 188bet game in 2016，With 69.Won at a price of 3.2 billion yuan。This project was once a single project invested heavily by 188bet game，It is also 188bet game’s first project in the Suhewan area，Therefore, the Suhewan project has attracted everyone’s attention from the beginning。

In fact，188bet game has already set foot in the Suhewan area as early as 2010。

February 2010，188bet game with a total price of 70.Obtained a block of land on the east side of the north bank of Suhe Bay for 200 million yuan，Floor price is about 52,784 yuan/square meter，Now Suhewan Tower Residence and Bulgari Hotel。July of the same year，188bet game spent another 17.9.1 billion bid for block 41 on the east bank of Suzhou River、42 neighborhood plot，The floor price is about 14,500 yuan/square meter，has now become the project site for Suhewan administrative residence and commercial facilities。

OCT official website information display，Currently OCT has only three projects in 188bet game，Including Pujiang OCT、188bet game Happy Valley and 188bet game Overseas Chinese Town Land，That is, the OCT Suhewan listed for sale。

Xin Tak Group said，In accordance with the proposed use of the property to be completed on the site，Sales of properties in Huahe land can bring short-term sales revenue to the group，The leasing of the properties on the Huayan land will bring recurring rental income to the group in the long term。Also，Xinde Group said，Cooperating with China Resources Land will bring synergy effects，Keep your company competitive，Improve the financial returns of both 188bet game companies at the same time；Therefore，The directors believe that the equity acquisition transaction is a good opportunity for the group，Can cooperate with the group’s business growth and strategy。

It’s worth noting，The actual controller of Shun Tak Group is Ho Chiu-king, the daughter of gambling king Stanley Ho，The shareholding ratio is 17.7%。

Xinde Group was established in 1972，Core business includes transportation、Real Estate、Hotels and Leisure and Investment，Because the company has a background of a gambling king family，Thus enjoying a pivotal position in Macau。

This is the second comprehensive project invested by Xinde Group in 188bet game.

2016，Xinde Group and Qiantan International Alliance，Spend 19.5 billion yuan bid to win the Z000801 establishment unit 31-01 plot in the Qiantan area of ​​the Huangpu Jiangnan extension section of Pudong New District, 188bet game，The land area is 26707.3 square meters，Total floor area is approximately 13.350,000 square meters。The nature of the project land is commercial，Land for catering and hotel industry，The commercial part includes a cultural and performing arts center；The office part will be sold in stratified form 10 years from the date of comprehensive acceptance of the project。

*this文来Source: The Paper, Author: Li Xiaoqing，original labelTitle: "OCT sells half of 188bet game Suhewan shares，The gambling king’s daughter He Chaoqiong took over more than 4.7 billion》.