On Oct. 10, according to several media reports, the previously

Evergrande (name)

Returned Panyu District

Evergrande (name)

The soccer field site block was underbid by the bidder of

Guangzhou City

Vote.

August of this year.

Evergrande (name)

The Group announced on the Hong Kong Stock Exchange that it had entered into a waiver agreement with the assignee to waive the original contract and return the Guangzhou

Evergrande (name)

The land use rights of the soccer stadium, the transferee will pay a total of RMB 5.52 billion yuan for the refund of the transfer premium.

In September, according to the Guangzhou Public Resource Transaction Center showed that Guangzhou

Evergrande (name)

The soccer stadium block was transferred at a reduced price, with a reserve price of 3.155 billion dollars. 2020, the

Evergrande (name)

The land parcel was acquired at a price of $6.813 billion. The reserve price of this bidding was reduced by $3.66 billion compared to the $6.8 billion land acquisition.

In August of this year, our

Evergrande (name)

It announced that it had entered into a waiver agreement with the Guangzhou Municipal Bureau of Planning and Natural Resources (GZPNR) for the return of the land use rights of the Xiecun Sports Facilities Plot and the Industrial Plot, pursuant to which the GZPNR would pay approximately RMB5.520 billion in premium refund.

Compared to the listing information in April 2020, Xiecun land parcels that flowed back into the land auction market have made many adjustments to the conditions of the offer this time. For example, the nature of the land was changed to commercial and residential land; the starting price of the listing was adjusted from 6.813 billion yuan to 3.155 billion yuan; and the area of the land was adjusted from 499,100 square meters to 577,700 square meters.

The land was bid down by Guangzhou City Yi Real Estate Development Co. Public information shows that Guangzhou Chengyi Real Estate Development Co.

Guangzhou City

Vote for a 100% owned subsidiary.

According to the latest offering announcement, the new bidder is required to build BA0402042 (sports land) according to the planning requirements, which has a total investment of RMB 6.5 billion, including RMB 2.092 billion already invested in the construction and the remaining RMB 4.408 billion to be invested. In other words.

Guangzhou City

The pitch must inject $4.4 billion into the soccer stadium project.

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