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Greentown China Says From Jan To Aug, Contracted Sales About RMB174.4 Billion, Up 85%
Greentown China HY Revenue Increases By 51.2%
Greentown China Holdings Ltd Says July Sales Rmb14.6 Billion
Greentown China Holdings Limited is a China-based property developer and a living service provider. The Company is engage in property development, town development, construction management and asset operation businesses, as well as the provision of living services. The Company mainly operates through four segments, including property development, hotel operations, property investment and others. The Company operates its businesses mainly in the first-tier and second-tier cities in China, as well as third-tier and fourth-tier cities in China. The company’s cope of business currently covers more than 20 provinces, autonomous regions and municipalities. It has presence in over 100 cities, having constructed more than 500 exquisite property complexes.
10F, Block A, Century Plaza
No.1 Hangda Road
Executive Chairman of the Board
Executive President, Executive Director
Executive Director, Executive President
Executive President and the Secretary of the Party Committee
Chief Executive Officer, Executive Director
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Persistent default fears eclipsed efforts by China Evergrande Group's chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy.
Anxiety over the prospect of China Evergrande Group defaulting on its mountain of debt gripped investors on Tuesday ahead of two repayment deadlines, with much still unknown about the potential risks to banks in China and global markets.
Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets.
Chinese property firms facing a wave of maturing debt will raise funds on the mainland to refinance their offshore borrowings as funding conditions loosen in the world's second-largest economy at a time when the dollar bond market is slumping.
Macrolink Holding Co on Friday became China's first developer to default on its bonds due to the coronavirus outbreak as the industry struggles with stagnant property sales.
China's developers, the country's most leveraged sector, have finally got their rising debt piles under control and some even boast record amounts of cash, powered by strong earnings growth and restrained expansion, a Reuters analysis showed.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.