Core Viewpoint - The recent clarification from "CITIC City Investment South China" regarding the Shenzhen old renovation project "Green Scene Baishizhou" has brought attention to the project's ongoing challenges despite denying rumors of a significant investment by CITIC City Investment [2][5][14]. Group 1: Project Overview - The Green Scene Baishizhou project has a total planned construction area of 3.58 million square meters and an estimated value of approximately 220 billion yuan [5]. - As of September 11, 2023, the first phase of the project, Green Scene Baishizhou Jingting, consists of 6 buildings, including 3 residential and 2 apartment towers, with a total of 2,746 units [8]. - The first phase is nearing completion, with expected handover by the end of this year, while the second phase has been cleared for construction, and the third and fourth phases are still pending significant development [11][12]. Group 2: Financial Dynamics - Vanke previously invested 2.3 billion yuan for an 8% stake in the project, with specific terms regarding profit distribution and exit rights, reflecting the precarious financial situation of Green Scene Group [11][12]. - Green Scene Group's financial health is under scrutiny, with reported current liabilities of 60.57 billion yuan and cash reserves of only 342.5 million yuan, indicating potential liquidity issues [12]. Group 3: Market Speculation and Future Prospects - The market is speculating on potential partnerships, with analysts suggesting that large state-owned enterprises may be more likely to take over the project due to their lower capital costs and expertise in navigating complex governmental relationships [17]. - The project is positioned in a prime location in Nanshan District, which could attract significant interest from investors if the development progresses [15][17]. - Recent government policies aimed at promoting urban renewal may provide some support for the project, although the timeline for recovery remains uncertain [19][20].
120亿元“天价入股”遭紧急澄清，深圳旧改“巨无霸”何去何从？