The Thing About Chinese Men'S Wear YOUNGOR And Bank Real Estate.

In 2007,

Li Rucheng, a group leader, said a joke on the wine table: "10 billion places to look for", which indicates that the group will make waves in the real estate business. At that time, some people predicted that YOUNGOR group would become the "real estate leader in the Yangtze River Delta region". The fact behind that is that Li Rucheng's story is not a joke, but that man's prediction is far sighted.

Bank of Ningbo and real estate development

It is another legend of YOUNGOR's financial investment.

According to public information, the Bank of Ningbo was founded in April 1997. It is a local joint-stock commercial bank, ranking first in the financial competitiveness of China's urban commercial banks.

In 1997, the loss of Ningbo City Cooperative Bank (predecessor of Ningbo bank) amounted to 1 billion 600 million yuan, which was difficult and heavy.

It is understood that the Bank of Ningbo has been written off since 2000, and no dividend has been paid every year. 2003-2004 every year, it has taken out 3-4 billion yuan to write off the bad loans.

In the past 5 years or so, the quality of assets of Ningbo bank has been very good since 2006.

Around 2004, the capital of Ningbo bank was 420 million yuan, and the capital adequacy ratio was insufficient. In order to develop new businesses, the bank began to increase capital, so the Ningbo municipal government also set up the "Ningbo bank's capital increase and share expansion leading group".

In 2003, no local enterprises were willing to become new shareholders. In 2004 7 and August, big enterprises such as YOUNGOR and Shanshan were involved.

Thus, we saw the shadow of another Chinese men's wear big brother Shanshan stock. It turns out that luck sometimes comes from its own strength! (Chen Shixin's works).

Subsequently, the Bank of Ningbo has completed two major events, one is the introduction of international banks as strategic investors, and the other is the promotion of managerial shareholding.

As of June 30th, the total assets of Ningbo bank amounted to 66 billion 920 million yuan.

In July 2007, the Bank of Ningbo was successfully listed as the first financial stock of small and medium-sized board, and it realized unimaginable pformation.

In those days, the 34 year old middle-level employee of the bank should be Lin Jun, the deputy manager, chief accountant and deputy manager of the business department, and served as the head of the audit department after 2002.

Later, as a staff representative supervisor, he held 350 thousand shares at a cost price ("no more than about 400000"), which turned nearly 20 times overnight, and personal wealth reached 7 million 740 thousand yuan. "These workers are unable to adapt themselves to the myth of getting rich overnight."

The Tencent News Center gave a reproduced report with a sharp heading - Ningbo bank's 140.5% rise in the first day of mass production overnight.

As the original shareholder, YOUNGOR group has 179 million original shares and the cost price is 1.01 yuan / share.

In the 2009-2010 year, YOUNGOR group increased its holdings of Ningbo bank shares through two high-profile private placement and non-public offering. Subscription price, subscription stock and subscription amount were: 11.63 yuan / share, 71 million shares, 820 million, 11.45 yuan / share, 70 million 500 thousand shares, 810 million yuan.

In view of the price of Ningbo bank close to 10 yuan per share in June 29, 2012, YOUNGOR's above 1 billion 600 million yuan investment is purely "entertainment".

By the end of March 1st this year, YOUNGOR had accumulated 29 million 700 thousand shares of Ningbo bank, and it easily paid nearly 300 million yuan on the day of Ningbo bank's 10 yuan price.

Simple to 10 yuan price calculation, YOUNGOR group had 1 yuan cost of the Ningbo Bank of 179 million shares of the original stock, profit to more than 1 billion 600 million yuan.

"The real estate leader in the Yangtze River Delta" is another shining card of YOUNGOR.

According to official information of YOUNGOR, the group began to set foot in the real estate business in 1992, and accumulated 3 million square meters of property such as residential, villas, business buildings and so on. In 2010, the real estate holding company was established and continued to develop deep developed cities such as Shanghai, Hangzhou, Ningbo and Suzhou.

In the early 90s of last century, the state began to implement the welfare housing allocation policy, and YOUNGOR began to cooperate. In 1992, a real estate company, YOUNGOR Ningbo real estate company, was established.

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"Before and after 1998, YOUNGOR estate began to expand in the real estate industry by virtue of its various advantages in Ningbo. It has developed a series of large-scale residential projects such as Hai Yi Garden, Donghai garden, East Lake garden, Qian Hu Beverly, urban forest and so on." it is especially pointed out that "the Seaview Garden developed by YOUNGOR has long been known as the NO.1 of Ningbo's high-end housing", and its selling price has been nearly 50 thousand yuan / square meter in 2010.

The key factor of "advantages in Ningbo" is the cooperation between YOUNGOR and the headquarters of the group, Yinzhou District, Ningbo.

As one of the most famous conglomerates in Ningbo, YOUNGOR group and Mr. Li Rucheng undoubtedly maintain good relations with the Yinzhou District and Ningbo municipal governments.

A local real estate personage once said, "Ningbo's Haishu and Jiangdong have no land, Jiangbei supporting facilities do not go, real estate development only depends on Yinzhou". In fact, most of the real estate developed by YOUNGOR in early years is mainly concentrated in Yinzhou District.

Finally, in Ningbo, where the group headquarters is located, YOUNGOR has established its own throne, the real estate boss.

In 2002, YOUNGOR incorporated real estate business into listed companies and accelerated the development of real estate business.

In those days, YOUNGOR's real estate business began to march into Taizhou, out of Ningbo and implement the development strategy of the Yangtze River Delta region.

In April 2004, YOUNGOR real estate appeared in Suzhou. With the total price of 1 billion 413 million yuan, it took three plots of 03-05 Suzhou East Industrial Park, and the action of "Suzhou king", which allowed YOUNGOR to move the Suzhou real estate sector.

It is understood that the project cost price of nearly 6000 yuan / square meter, near the real estate prices in about 5000 yuan.

Looking up some information, we can draw a conclusion that YOUNGOR group's fierceness in real estate business is not inferior to financial investment.

In 2007, Li Rucheng, the leader of YOUNGOR group, said a joke on the wine table, "10 billion places to look for", which indicates that the group will make waves in the real estate business. At that time, it was predicted that the YOUNGOR group would become the "real estate leader in the Yangtze River Delta". Later, the facts showed that what Li Rucheng said was not a joke. The prophecy of the man was very forward looking.

In 2007, YOUNGOR, which was relatively robust in its real estate business, suddenly made efforts to create a "three city King" crown in Hangzhou, Suzhou and Ningbo with the momentum of Pentium.

In July 2007, YOUNGOR made its debut in Hangzhou. It was a blockbuster. After 90 rounds of bidding, it took 2.5 times more than the starting price, nearly 16000 yuan / square meter floor price, and 1 billion 476 million yuan total price. It successfully captured the Hangzhou Institute of Commerce site, defeated the "professional class ace" such as Greentown and Vanke, and won the "Hangzhou king".

According to local reports, the average price of the property near the plot was 15 thousand yuan / square meter. The floor price that YOUNGOR photographed created the myth of "flour is more expensive than bread". After the shooting of YOUNGOR, the prices of nearby buildings rose by thousands of thousands of nights, becoming the "culprit" of the irrational rise of house prices in Hangzhou after July, and YOUNGOR clothing was once boycotted by some local people.

YOUNGOR did not seem to worry. After a few months, it once again took up a huge sum of 1 billion 280 million, and seized two plots of No. 50 and No. 51 of Hangzhou Zhuan Tang. After that, it took the Hangzhou Xixi fine snow project at a total price of 845 million yuan.

According to statistics, in just a few months, YOUNGOR group dropped 3 billion 600 million yuan in Hangzhou, taking nearly 300 acres of residential land.

In February 2008, the return of the king of YOUNGOR, in the base area of Ningbo, took a plot of Beijiao road at a total price of 980 million, and the floor price was 13100 yuan to a new high, which created a new "Ningbo king".

A year later, YOUNGOR again took 6 billion 490 million yuan, and took 6 plots in Ningbo and other places.

In 2009, YOUNGOR's real estate business achieved a revenue of about 5 billion 200 million yuan, with a net profit of nearly 1 billion 200 million, an increase of about 50% over the same period last year, 15 projects under construction, and an area of 2 million 200 thousand square meters under construction.

YOUNGOR real estate ranked 56 in the 500 ranking of China's real estate development enterprises released by the China real estate appraisal center in 2009.

In September 2010, YOUNGOR real estate entered Shanghai for the first time and became famous again in the first World War.

It took the total price of 3 billion 393 million yuan, the floor price discount contract of 26 thousand yuan / square meter, and successfully photographed Shanghai Changfeng 8 east block.

Zhonghai took the "7 billion winds of the long wind" when it came down to the floor price of 22409 yuan / square meter, and YOUNGOR refreshed the new height of the Changfeng residential area.

According to the data obtained from relevant data, YOUNGOR's real estate business accounted for 38% of the total business in 2004, which reached 42% in 2009 and 47% in 2010.

In 2010, if we look at the impact of one of its businesses on YOUNGOR, it will first be a real estate company, then a financial investment company, and then a textile company.

Enterprise.