Lining Did Not Have Enough Confidence To Enter Real Estate Developers In Shenyang.

< p > as an old sporting goods company, the news of the a industry "href=" //www.sjfzxm.com/news/index_x.asp "> Lining < /a > has been truly surprised by the news.

Recently, more surprising news came - Lining real estate gave up the purchase of Shenyang Changbai Island commercial and residential plots.

Lining's ambitious plan to enter the real estate industry has changed. According to industry sources, Lining's abandonment is probably due to the failure to find developers willing to cooperate, and his own funds and capabilities are not enough to handle large property projects.

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< p > < strong > sports theme community or abortion < /strong > /p >

< p > Lining, the extraordinary China held yesterday, announced that the wholly owned subsidiary Nanyang Shenyang community development holding company has concluded a termination agreement with the Shenyang Municipal Bureau of land and the Peace Bureau, and terminated the purchase of the right to use the Shenyang block, which was invested in RMB 1 billion 6 million 300 thousand yuan in May last year. As part of the land pfer price, the first part of the deposit 230 million can not only be recovered, but also the company's responsibilities and obligations have been lifted.

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< p > the "Changbai island" special sports community is a landmark project of Lining's high-profile entry into the real estate industry.

On the official website of the extraordinary China, it can still be seen that sports community development, special sports and green energy also call the company's three core businesses. In the sports community development, the Changbai Island special sports community is the only commercial and residential real estate development project.

Combining real estate with Lining's sports resources, Lining originally hoped to make the Changbai Island project a model: "plan to develop sports and green communities in China.

The sports resources of the group are enough to enable us to organize various sports events, competitions and arrange different programmes for the public, so as to promote the sports culture in the community.

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"P >" a href= "//www.sjfzxm.com/news/index_p.asp" > Shenyang < /a > put forward the concept of sports theme community development whether it ended? Yesterday, the reporter asked about the extraordinary China, but the company did not respond.

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< p > according to a staff member of Shenyang special real estate development Co., Ltd., there is no other real estate development plan after the suspension of "a href=" //www.sjfzxm.com/news/index_s.asp "Changbai Island project < /a >.

According to public information, Shenyang extraordinary Real Estate Development Co., Ltd. is a wholly owned subsidiary of Hong Kong listed companies China in Shenyang. In July 2011, it was established after the extraordinary competition. The registered capital of the company was 1 billion 340 million Hong Kong dollars.

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< p > < strong > developers do not have confidence in Lining's dream < /strong > /p >

< p > did not find a suitable partner, perhaps Lining is the main reason for abandoning the Changbai Island block.

In the interim report, extraordinary China also mentioned that the project is looking for partners. "The company intends to develop the land of Shenyang into a residential and commercial building with a total floor area of about 350 thousand square meters. It is looking for partners to jointly develop the project in terms of capital demand and the real estate market environment."

The interim report also revealed that the company would consider cancelling the project, but it must be "totally retired" and not liable for breach of contract.

A few days ago, Lining also told the Hongkong media that the Shenyang development project had identified partners. At that time, the outside world also speculated that Lining's development of sports real estate revealed a glimmer of dawn.

And now it stops abruptly.

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< p > yesterday, a person in charge of the Land Bureau of Shenyang said that the parties concerned had negotiated many times on the development of this block, and the termination was the best result.

In fact, in Shenyang's local real estate market, it is no secret that Lining and his Changbai landmass have been stranded.

Lining wants to return to the land rather than overnight. Only when the land market gets warmer, can the parties reach a consensus.

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< p > according to local industry sources, at the beginning of this year, extraordinary China was looking for objects in the industry to pfer the Changbai Island project.

"Foreign investors didn't come in, so Lining didn't want to do it."

The person familiar with the matter said that Lining did not want to make his own copy of real estate. He hoped that the pattern would be the concept of extraordinary China exporting sports communities, while professional real estate companies were responsible for developing operations and funds.

But at this point, the real estate enterprises do not have enough confidence.

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