Evergrande Property and China Evergrande are under investigation by Hong Kong's Financial Exchange Bureau
Into the enterprise,
Evergrande Property and China Evergrande are under investigation by Hong Kong's Financial Exchange Bureau
Aoyuan Group: Guo Zining retired as legal representative by Lin Xiantuan to take over
Letay Group was officially delisted from the Hong Kong Stock Exchange
Oct's contracted sales in the first seven months reached 31.44 billion yuan
Damecheng's first-half net profit plunged nearly 90%
[1] After the announcement of the investigation result of the embezzlement of 13.4 billion yuan of Evergrande Real Estate, the Financial Reporting Council of Hong Kong launched an investigation into the accounts and auditing of Evergrande China and Evergrande Real Estate in relation to certain transactions. On August 15, the official website of the Hong Kong Financial Exchange Bureau showed that the bureau has launched an existing inquiry on Evergrande Property's 2020 annual accounts and financial statements for the six months ended June 30, 2021; An investigation into the audit of Evergrande Property's 2020 annual accounts by the accounting firm Waterhouse Coopers. In addition, HKFC has expanded the scope of inquiries and investigations to include existing inquiries into the financial statements of Evergrande for the year 2020 and the six months ended 30 June 2021; And an existing investigation into Coopers' audit of Evergrande's 2020 annual accounts.
[2] On August 13, the legal representative of Aoyuan Group Co., Ltd. was changed from "Guo Zining" to "Lin Xiantuan", according to iQ.com. It is understood that Lin Xiantuan is the legal representative of Aoyuan Group Co., LTD., Guangzhou Olympic Real Estate Investment Co., LTD., Lianhong (Guangzhou) Construction Materials Co., LTD., and the shareholder of Guangzhou Tuanmei Trading Co., LTD. Senior executive of Guangzhou Olympic Real Estate Investment Co., LTD., Lianhong (Guangzhou) Construction Materials Co., LTD., Foshan Nanhainao Real Estate Development Co., LTD. In addition, the business scope of Aoyuan Group Co., Ltd. is changed from "real estate development and operation (theme park, villa excepted)" to "real estate development and operation", and the development and operation of apartments and villas are no longer restricted.
[3] The listing status of Le Thai Group (HK00112) was officially cancelled at 9 am on August 15. Prior to that, Letay Group had been suspended from trading on the Hong Kong Stock Exchange for more than 18 months. Under Rule 6.01A (1) of the Listing Rules, the Stock Exchange has the power to delist any security that has been continuously suspended for 18 months. On January 20, 2021, Letay Group also had a hearing on the petition for liquidation. Letay Group said the cancellation was due to the company's failure to comply with the Stock Exchange's reinstatement guidelines by July 20, 2022, and that it would not apply for review of the delisting decision made by the Listing Committee.
[4] On August 15, Shenzhen Overseas Chinese Town Co., Ltd. disclosed its main business operations, which showed that the total contracted sales area from January to July this year was 1.476 million square meters, down 42% compared with the same period last year. Contracted sales value was 31.44 billion yuan, down 37% from a year earlier. Among them, the contract sales area of 195,000 square meters was realized in July alone, and the contract sales amount was 4.18 billion yuan.
[5] Under the overall adjustment of the real estate market, the half-year performance of Damecheng in 2022 declined significantly. The semi-annual report released by Damecheng recently showed that in the first half of 2022, the sales amount was 3.209 billion yuan, down about 33% year on year, the sales area was 201,400 square meters, and the area under construction was 2,564,300 square meters. During the reporting period, the operating revenue was 2.053 billion yuan, down 51.15% year on year; the net profit attributable to the listed company was 28 million yuan, down 88.37% year on year; the net profit attributable to the shareholders of the listed company, excluding non-recurring gains and losses, was 215 million yuan, down 54.06% year on year.
