Guotai Haitong Securities is listing 15 real estate assets for transfer on the Shanghai United Assets and Equity Exchange, with an overall reserve price exceeding 50 million yuan. These residential properties are located in four cities: Beijing, Shanghai, Guangdong, and Ningbo, with Guangdong having the largest number of listings. The public notice period for many of the lots ends on July 17. Specifically, the Beijing Financial Street securities branch has listed 11 properties, including nine units in the Zhuhai Jintu Building with individual reserve prices ranging from 972,000 yuan to 2.25 million yuan, and two Beijing properties with reserve prices of 3.6 million yuan and 3.564 million yuan respectively. The Guangfu Street securities branch and the Beijing branch are each disposing of one property in Ningbo and Beijing's Haidian District, with reserve prices of 1.22364 million yuan and 16.254 million yuan respectively. The head office is transferring two Shanghai properties, with reserve prices of 10.8872 million yuan and 4.845 million yuan. The transfer announcement requires the transferee to pay the full amount in a lump sum. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, said the move aims to monetize illiquid assets to supplement working capital, and is also a systematic arrangement to divest inefficient physical assets and avoid impairment risks amid the property downturn following the merger and integration. Since the beginning of this year, Guotai Haitong has sold properties multiple times, listing Beijing and Zhuhai properties worth a combined 34.902 million yuan in March, and four Shanghai properties with a total reserve price of 37.4075 million yuan in May. In addition, several brokerages including Central China Securities, China Merchants Securities, and Hongta Securities have also been actively disposing of their properties this year, with a total value in the hundreds of millions of yuan.
Guotai Junan Securities Co LtdGuotai Haitong (now Guotai Junan) is selling 15 properties to raise cash, indicating asset divestiture and potential liquidity concerns
China Merchants Securities Co Ltd
Hongta Securities Co Ltd
Central China Securities Co Ltd