Financial News
Written by: Zhang Weilun
2020-12-18 13:55
Last update date: 2020-12-18 13:55
Chinese Land (0127) announced at the end of January this year that it would sell 8 billion bond investments to executive director Chen Kaiyun (Gambi), including China Evergrande (3333), Sunac China (1918), HSBC Holdings (0005) and German Bonds issued by many Chinese real estate stocks and financial institutions such as banks.
The company issued an announcement at noon, stating that all conditions have been fulfilled, and the sale of the last batch of debt securities for sale has been completed in accordance with the sale agreement and conditions.
The company pointed out that the transaction of up to 8 billion yuan of bonds to major shareholder Ms. Chen Kaiyun has been completed today (18th) and before the deadline.
The group plans to use no more than 80% of the net proceeds to repay outstanding margin loans, and the remaining proceeds will be used as general working capital.
In addition to the bonds sold this time, the group still holds other bonds and intends to hold them as long-term investments.
In addition, the group will continue to seek high-quality investments to increase shareholder value.
China Land subscribes for China Liang's US$100 million notes
[Profit warning] Huazhi: Evergrande’s holdings recorded an unrealized loss of 1.38 billion yuan in fair value in the first half of the year
Liu Mingwei sells the shares of Huazhi to the three children of Camby with a market value of HK$2.42 billion
Huazhi sells Evergrande and other bonds to Gambi at a maximum price of 8 billion yuan
Chinese Real Estate Group Chen Kaiyun (Gambi) Bond/Bond Investment
