According to reports, since
Posted: Mon Feb 17, 2025 9:28 am
OCT has sold a number of assets, including some highquality "cash cow" assets, such as the Bulgari Hotel Shanghai, the Pullman Hotel Lijiang, the Le Méridien Shenzhen, and the Yunnan Cultural and Industrial ShangriLa Urban Complex Project.
In addition, OCT has also listed office properties in Nanjing and commercial properties in Chengdu.
A year later, in the second half of , OCT once again started the sale mode, intensively lebanon phone number list disposing of its assets, led by cultural and tourism real estate.
In just a few months, the total price of assets sold by OCT has reached tens of billions of yuan.
In November , OCT's project in Wuhan was also suspended and was taken over by the local government because it had not been built for a long time.
As early as , OCTA has started the "sell, sell, sell" mode. According to incomplete statistics, in the following four years, OCT sold or transferred at least subsidiaries and debts, including many cultural and tourism projects.
The reason is simple: lack of money.
A recent public announcement by Yunnan Urban Investment Group has to some extent confirmed this reality.
Yunnan Urban Investment's announcement stated that in order to support OCT Industrial's business and daily operations, the company has successively provided loans to OCT Industrial. As of December , the remaining principal balance of the loan was . million yuan.
In addition, OCT has also listed office properties in Nanjing and commercial properties in Chengdu.
A year later, in the second half of , OCT once again started the sale mode, intensively lebanon phone number list disposing of its assets, led by cultural and tourism real estate.
In just a few months, the total price of assets sold by OCT has reached tens of billions of yuan.
In November , OCT's project in Wuhan was also suspended and was taken over by the local government because it had not been built for a long time.
As early as , OCTA has started the "sell, sell, sell" mode. According to incomplete statistics, in the following four years, OCT sold or transferred at least subsidiaries and debts, including many cultural and tourism projects.
The reason is simple: lack of money.
A recent public announcement by Yunnan Urban Investment Group has to some extent confirmed this reality.
Yunnan Urban Investment's announcement stated that in order to support OCT Industrial's business and daily operations, the company has successively provided loans to OCT Industrial. As of December , the remaining principal balance of the loan was . million yuan.