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Original title: Hillhouse Capital said it has no plans to privatize SOHO China
On November 13, within one day,SOHO China(00410.HK) stock price “roller coaster”.
There was news that day:Private placementEquityinvestmentthe companyHillhouse Capital eSOHO ChinaPreliminary negotiations have been conducted and it is proposed that the latterPrivatization, The transaction value may exceed US $ 2 billion. Additionally, Hillhouse Capital is evaluatingSOHO ChinaAbout 18 billion yuan (2.72 billion US dollars) of debtLBOa part of. The news also said Hillhouse Capital’s negotiations with SOHO China are at an early stage and could change.
In response, Hillhouse Capital replied to Economic Observer: No plans to privatize SOHO China, the rumors are not true. SOHO China told the media that it would not respond to relevant news.
Hit by later news, the stock market opened on the afternoon of 13 and SOHO China’s share price rose rapidly, climbing more than 40% to 3.22.Hong Kong dollar/To share,Market valueIt hit a new high since July, above the price before SOHO China announced the privatization bankruptcy on August 13. At 3 pm on the 13th, the stock price plummeted.
It is worth noting that the alleged “transaction value could exceed US $ 2 billion”. This figure is only half of the total price of SOHO China’s latest privatization news.
The latest news on SOHO China privatization was March 11, 2020, SOHO Chinaad, The company is negotiating with foreign financial investors to explorestrategyThe possibility of cooperation. Reuters quoted people familiar with the matter as saying:Blackstone GroupNegotiations are underway with SOHO China on the privatization of the latter, the transaction is worth 4 billion dollars, Blackstone’s privatization offer is HK $ 6 per share.
On August 13, SOHO China issued another announcement stating that the discussion between the company and investors about the potential exchange mentioned in the March 11, 2020 announcement was over.
An office industry professional said the impact of the outbreak on the economy and the impact of Blackstone on future office buildingsmarketThe judgment on the trend leads to the result of closing the transaction.
According to SOHO China’s official website, it has developed 5 million square meters of Grade A office buildings, mainly distributed in the cities of Beijing and Shanghai.Town centerarea.
According to SOHO China in mid-2020PerformancerelationshipExhibition that since June 30 this year is in Beijing and ShanghaimanagementThe 4.3 million square meters of commercial and office buildings belong to the company, including the Beijing Qianmen Street Project, Wangjing SOHO, Guanghua Road SOHO II, Yinhe / Chaoyangmen SOHO, Lize SOHO3 and Shanghai SOHO Fuxing Plaza, Bund SOHO, SOHO Tianshan Square, Gubei SOHO.
SOHO China stated that its office buildings are located in the main offices in Beijing and Shanghai, with strong anti-risk capabilities.
According to internationalreal estateAccording to third-quarter data released by the “Big Five” investment advisory agency, the vacancy rate in the Beijing office market this year reached a decade high. The vacancy rate of office buildings in tier one cities like Shanghai and Shenzhen continued to rise.rentThe disadvantage is obvious.
In terms of the vacancy rate, data from the top five banks show that the vacancy rate in the Beijing office market in the third quarter ranged from 13.9% to 17.5%. Colliers International estimates that Beijing will introduce nearly 2 million square meters of new supply over the next 15 months and the supply / demand imbalance will intensify and continue until 2021. The vacancy rate will peak next year at nearly 25% .
HowMarket environment, Making privatization of SOHO China’s assets more difficult. Additionally, alleged new investor Hillhouse Capital has also attracted industry attention.
Hillhouse Capital by the founder and CEOZhang LeiFounded in 2005, with assets under management in excess of US $ 65 billion, it invests in many well-known listed companies, including Tencent, Midea,Gree ElectricWait. Zhang Lei once said it is not very profitableenterprise, Have the opportunity to earn money with them. Therefore, Hillhouse Capital’s past shots are mainly technological innovation,Medical industryas well asconsumptionwithservicefield.
Regardless of Hillhouse’s past investment goals, these are still Zhang Lei’s famous remarks. “real estateIt’s too easy for the industry to make money and it’s hard to create investor value. ”Hillhouse doesn’t seem to investreal estateThe geniuses of the industry.
But this year Hillhouse Capital focused on real estate upstream and downstream businesses.
According to incomplete statistics from the Economic Observer Network, Hillhouse Capital has previously participatedseashellLooking for a round of financing D, also includesJianye New Life、Poly property、Hejing Youhu、Jinke servicewithSunac servicesAnd many other property management companiesFundamental investorAmong them, Hillhouse invested $ 75 million (approximately HKD 582 million) for the subscriptionJianye New LifeApproximately 115 million shares, subscribed for 50 million US dollars (approximately 387.5 million Hong Kong dollars)Hejing Youhuo49.112 million shares.
In the aftermath of the outbreak earlier this year, Zhang Lei had itBlackstone GroupPresident and CEO Schwarzman spoke to him, stating that the best investment opportunity is in China right now, and now it’s the best opportunity to hold China.
(Source: Economic Observer Network)
(Responsible publisher: DF524)
Solemnly declares: The purpose of this information released by Oriental Fortune.com is to disseminate more information and has nothing to do with this booth.
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