asiangames2038| Fusheng Group's 51% equity was listed, with a total investment creditor's rights of 2.284 billion yuan

Recently, China Xinda Fujian Branch issued a notice on the investment promotion of project assets of Fujian Fusheng Group Co., Ltd. The announcement shows that it plans to publicly transfer the project rights and interests of Fujian Fusheng Group Co., Ltd., and attract foreign investment from April 29 to May 29, 2024.

It is reported that the collateral of the above project is 51% of Fujian Fusheng Group.Asiangames2038And 51% of the shares of Fujian Liujian Group. As of March 31, 2024, the total interest in the project held by China Cinda Fujian Branch is about 22%.Asiangames203884 million yuan, of which the investment principal was 1.44 billion yuan, and the estimated investment income and liquidated damages were 844 million yuan in arrears.

It is understood that according to the investment promotion announcement, the project is jointly and severally guaranteed by Shanghai Shimao Construction Co., Ltd. and Shimao Real Estate Holdings Co., Ltd. Guangzhou Qianlong Investment Co., Ltd. provides pledge guarantee with its 51% stake in Fujian Fusheng Group and Fusheng Group Construction Co., Ltd. with its 51% stake in Fujian Liujian Group.

If the asset investment transaction can be completed, it means that Fujian Fusheng Group and Fujian Liujian Group will lose control, and their major shareholders will change ownership. Among them, Fujian Liujian Group is an important subject in Shimao's "M & A" in 2020.