2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. < / P > < p > since the announcement of the restructuring plan in March this year, the re transformation of Greenview Holdings Co., Ltd. (hereinafter referred to as “Greenview Holdings”) is still in the air. < p > < p > on August 17, the Investor Relations Department of Greenview Holdings said in response, “we are also in a hurry as the acquirer.” However, the acquisition, assets audit and evaluation of Jiayi education will involve its branches all over the country, and the whole process has been affected by the epidemic situation in recent years. < p > < p > since its listing in 1992, Lvjing holdings, an old real estate enterprise, has also developed Jinbi Yushui villa and other products. However, its business strategy has repeatedly turned around and tried to stop in different fields, which makes its main real estate business smaller and smaller in the process of transformation. Today, Greenview Holdings has no new development and projects to be developed, and its market value in a shares is only 1.3 billion yuan. As of the end of August 18, Greenview holdings fell 0.4% to 7.4 yuan / share. < p > < p > on the evening of March 15 this year, the reorganization plan of cross-border acquisition of educational assets planned by Greenview holdings was released. According to the plan, the company plans to purchase 100% equity of Jiangsu Jiayi Education Technology Co., Ltd. (hereinafter referred to as “Jiayi education”) and the preliminary agreed transaction price is RMB 1.2 billion. < / P > < p > according to the plan, Lvjing intends to purchase 100% of Jiayi education’s total shares from 33 counterparties including Wang Xiaobing by issuing shares and paying cash. Among them, the listed companies pay 73.63% of the transaction consideration by issuing shares and 26.37% by cash. After the completion of the transaction, Jiayi education will become a wholly-owned subsidiary of the listed company of Greenview holdings. Under the influence of the epidemic situation since the Spring Festival in 2020, online education has become a hot concept in the capital market, and the share price of Lvjing Holdings has quickly reached a high of 11.13 yuan / share. According to Greenview holdings, through this transaction, the company will realize business transformation, which can effectively broaden the source of profits, enhance the ability of sustainable development, risk resistance and subsequent development potential, and provide guarantee for the improvement of overall business performance, which is in line with the interests of all shareholders of the company. < p > < p > in the next few months, Greenview holdings will announce the progress of the restructuring every month, but five months later, the asset restructuring has not yet been implemented. As of the company’s announcement on August 14, Greenview holdings still said that the audit and evaluation of the underlying assets involved in the major asset restructuring had not been completed. Since August, some investors have been skeptical about the success of the restructuring of Greenview holdings. Some investors even call it “false restructuring”. Bai Wenxi, vice president of China enterprise capital alliance, pointed out in an interview that the announcement of Greenview holdings had no problem in accordance with relevant regulations. The reason why investors have doubts is that in order to maintain the market value or achieve some ulterior purposes, the actual controllers of some listed companies often take tacit “linkage” operation with some institutions and individuals in the capital market for their own interests. < / P > < p > in the form of company announcements, such listed companies will constantly release some beneficial information to cooperate with these operations, but they can’t leave regulators with the handle of manipulating the market and insider trading. This is almost the secret of the stock market, said Bai Wenxi. < p > < p > Greenview Holdings Co., Ltd. was established in May 1988, and its predecessor was Haikou new energy Co., Ltd. In May 1991, it was transformed into a joint stock limited company with the approval of Hainan Provincial People’s government. It was listed on the main board of Shenzhen Stock Exchange on November 23, 1992. It mainly engaged in real estate development business, but then it became shell resources and fell into the hands of Xu Jiayin of Evergrande. < p > < p > in 2006, Evergrande transferred its shares to Guangzhou Tianyu Real Estate Development Co., Ltd. at a price of 78.89 million yuan. Yu Bin formally took over and became its controller, and renamed it “green view real estate” in June of that year. As an enterprise mainly engaged in real estate development and property management business, Lvjing holdings mainly produces Yuhui garden, Tianyu Jiangnan garden and Jinbi Yushui villa. However, in the development history of nearly 30 years, restructuring has always been an inseparable line year for this enterprise, and Greenview Holdings has begun its restructuring and transformation journey. In March of that year, Greenview holdings launched a major asset restructuring, planned to purchase real estate assets and purchase hotel management assets of HNA Group, so as to realize the transformation from residential real estate development to high-end hotel and office building business. < / P > < p > it is worth noting that from 2015 to 2019, the net profits of Lvjing holdings were -23677900 yuan, 32113400 yuan, 83260800 yuan, 77441500 yuan and-9031100 yuan, respectively. Coincidentally, this performance like a roller coaster successfully avoided the risk of being warned of delisting. < p > < p > on August 13, Lvjing holdings released the semi annual report for 2020. In the first half of 2020, the company realized 7.9199 million yuan of operating income, an increase of 3.18% over the same period of the previous year; the operating profit was – 5.0778 million yuan, and the net profit attributable to the owner of the parent company was – 2.0235 million yuan. The main reason for the loss in the reporting period is that the operating income is relatively small. At the end of the reporting period, the total assets of the company were 243 million yuan, down 1.71% compared with the end of last year, and the net assets belonging to shareholders of listed companies were 195 million yuan, down 1.02% compared with the end of last year. < p > < p > during the reporting period, the residential buildings in the real estate inventory have been basically sold, with only remaining parking spaces and a small number of shops. The company has no land reserve, and there are no real estate projects under development or to be developed. During the reporting period, the focus of real estate business was to clear inventory, but the sales situation was not good. < p > < p > although Yu Bin’s emergence in the capital market is due to the operating shell company, during his 11 years of taking over Greenview holdings, he has exhausted various means such as restructuring and transformation, and has never been able to change the operation of Greenview holdings. At present, Yu Bin has transferred his shares to his son Yu Feng. < p > < p > at present, there are no new development projects and projects to be developed in Lvjing holding real estate. The company withdraws from the real estate industry according to the development strategy and business plan. However, the acquisition of equity in Jiayi education has not yet been implemented. < p > < p > a real estate finance practitioner said in an interview that companies starting with real estate business must carefully choose to conduct new business in person in the process of transformation and development. It is often a good choice to obtain stable income through financial investment.