Huafa Properties(600325) 证券之星·2025-03-27 14:39Core Viewpoint - Zhuhai Huafa Industrial Co., Ltd. is issuing convertible bonds to raise funds for three real estate development projects, ensuring compliance with legal and regulatory requirements while focusing on projects that meet the "guarantee delivery and protect people's livelihood" criteria [4][5][6]. Group 1: Fundraising and Project Details - The total amount of funds to be raised is not more than 5.5 billion RMB, aimed at three projects: "Shanghai Huafa Haishang Du Hui," "Wuxi Huafa Central Mansion," and "Zhuhai Huafa Jinwan Mansion" [5][6]. - The projects are primarily residential, targeting first-time buyers and those seeking improved living conditions, with all projects having commenced construction and begun pre-sales by the end of September 2023 [8][11]. Group 2: Compliance and Legal Opinions - The law firm Guangdong Hengyi has conducted thorough checks and issued a supplementary legal opinion, confirming that the fundraising and project details comply with relevant laws and regulations, ensuring no false statements or omissions [5][19]. - The company has established a robust internal control system to ensure that the raised funds are used specifically for the disclosed projects, preventing any misuse for land acquisition or new developments [13][19]. Group 3: Project Viability and Risk Management - The selected projects have met the necessary legal requirements and are expected to yield good returns, with a focus on projects that have already obtained the necessary permits and are under construction [11][25]. - The company has implemented a multi-dimensional risk prevention mechanism to address potential delivery challenges, ensuring that the projects are on track for timely completion [25][26].