According to the Zhidao Finance App, Gemdale Corporation (600383.SH) rose by the daily-limit after noon and closed up 10% at 3.63 yuan...
According to the Zhidao Finance App, Gemdale Corporation (600383.SH) rose by the daily-limit after noon and closed up 10% at 3.63 yuan, with a turnover of 1309 billion yuan.
According to National Statistics Bureau, from January to July, the sales area of newly-built commoditities has decreased by 18.6% YoY to 0.54 billion square meters, and the sales revenue has decreased by 24.3% YoY to 5.3 trillion yuan. The decline rate has narrowed. China Real Estate Institute pointed out that the YoY decline in national new house sales is expected to continue to narrow in the second half of the year with the weakening impact of the high base, and the implementation of state-owned enterprise collection and storage policy is also an important factor in determining the pace of market recovery.
Gemdale Corporation previously announced that the $480 million priority notes due on August 12th and $11.88 million interest have been deposited into the designated bank account to fully redeem the notes. The company has no outstanding medium-term notes denominated in US dollars. The bond is a $480 million medium-term note with an interest rate of 4.95% issued by Gemdale Yonglong Investment Co., Ltd., a wholly-owned subsidiary of Gemdale Corporation overseas, on August 12, 2021.