Joy City PPT (00207.HK) has obtained a loan of 0.4 billion US dollars.
Joy City PPT (00207.HK) announced on July 31 that on July 31, 2024, the company (as the borrower) and several banks (as the lenders) and a bank (as the coordinator and agent) entered into a financing agreement for a total amount of US$0.4 billion. The loan financing can be provided in US dollars or the equivalent Hong Kong dollars, and will mature 36 months after the financing agreement date. The lenders will provide loan financing to the company for refinancing all or part of the existing debts of the company and/or one of its subsidiaries in accordance with the terms and conditions of the financing agreement.
Grandjoy Holdings Group (SZSE:000031 Shareholders Incur Further Losses as Stock Declines 4.6% This Week, Taking Five-year Losses to 65%
Grandjoy Holdings Group: 2024 Interim Performance Forecast
Grandjoy Holdings Group (000031.SZ): Expected loss of 0.26 to 0.49 billion yuan in the first half of the year.
On July 5th, Grandjoy Holdings Group (000031.SZ) announced the performance forecast for the first half of 2024, with a net income attributable to shareholders of the listed company of -260 million yuan to -490 million yuan, compared to a profit of 50.7545 million yuan in the same period last year; After deducting non-recurring gains and losses, the net loss attributable to shareholders of listed companies is -340 million yuan to -590 million yuan, compared to a profit of 21.7837 million yuan in the same period last year; basic earnings per share are -0.06 yuan/share to -0.11 yuan/share. During the reporting period, the net profit attributable to shareholders of the listed company was negative, mainly due to: (1) affected by sales.
Grandjoy Holdings Chairman Steps Down; Successor Named
According to Zhongzhi Research Institute, the total sales amount of the top 100 real estate developers in the first half of the year was RMB 2083.47 billion, a year-on-year decrease of 41.6%.
China Real Estate Research Institute released the sales performance ranking of Chinese real estate companies in the first half of 2024.
Joy City PPT (00207.HK): Chen Lang resigns as director and is succeeded by General Manager Yao Changlin.
On June 28th, Gelonhui announced that the following changes of Joy City PPT (00207.HK) will take effect from June 28th, 2024: (1) Chen Lang has resigned as the chairman of the board of directors and no longer serves as the chairman of the nomination committee and authorized representative. Chen Lang will continue to serve as a non-executive director; (2) Yao Changlin, executive director and general manager, as well as members of the remuneration committee and executive committee, has taken on additional roles as chairman of the board of directors, chairman of the nomination committee, and authorized representative; (3) Liu Yun and Zhu Laibin have resigned as non-executive directors; and (4) Zhang Hongfei, Zhang Mingrui, and Wu Lipeng have been appointed as non-executive directors.
Joy City PPT (00207): Zhang Hongfei was appointed as a non-executive director.
Joy City PPT (00207) announced that Chen Lang has resigned as chairman and no longer serves as chairman of the nomination committee and authorized...
Grandjoy Holdings Group (000031.SZ): The company does not have a liquidity crisis.
Grandjoy Holdings Group (000031.SZ) stated on the investor platform on June 4th that the company does not have a liquidity crisis. In 2023, the company strengthened centralized fund management, actively expanded financing channels, reduced financing costs, and the overall debt scale remained stable with a reasonable debt structure. The company achieved positive operating cash flow for two consecutive years in 2022-2023 and maintained financial stability in the real estate industry where the country establishes long-term regulatory mechanisms.
Is Grandjoy Holdings Group (SZSE:000031) A Risky Investment?
Joy City (000031.SZ) plans to launch infrastructure public REITs application and issuance
Joy City (000031.SZ) announced that the company plans to use Zhuoyuan Real Estate as the original shareholder and wholly-owned subsidiary...
Joy City Real Estate (00207.HK): The proposed spin-off involves Zhuoyuan Real Estate (Chengdu) transferring all shares in the new project company to a consumer infrastructure REIT
Gelonghui May 24 | Joy City Real Estate (00207.HK) announced that on May 24, 2024, Huaxia Fund and CITIC Securities have submitted application materials for consumer infrastructure REIT registration and listing to the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The proposed spin-off involves the project company Zhuoyuan Real Estate (Chengdu) Co., Ltd. (an indirect wholly-owned subsidiary of the company) transferring all of the shares of the new project company (holding the project) to the consumer infrastructure REIT, and the project company subscribing to 40% of the total consumer infrastructure REIT fund share. The project includes a university located in the Wuhou district of Chengdu, China
Joy City Real Estate (00207.HK): Total contract sales amount of 6.126 billion yuan for the first three months
On May 13, Ge Longhui | Joy City Real Estate (00207.HK) announced that for the three months ending March 31, 2024, the company, together with its subsidiaries, associated companies and joint ventures, has obtained a total contract sales area of about 178,700 square meters, with a total contract sales amount of about RMB 6.126 billion.
Joy City (000031.SZ) announced first-quarter results, with a net loss of 93.7631 million yuan, which changed from profit to loss
According to the Zhitong Finance App, Joy City (000031.SZ) released its report for the first quarter of 2024. The company's operating income was 3.867 billion yuan, down 36.45% from the previous year; net loss attributable to shareholders of listed companies was 93.7631 million yuan, from profit to loss; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss of 124 million yuan, which changed from profit to loss; basic loss per share.
Joy City (000031.SZ)'s 2023 revenue reached 36.783 billion yuan, and net cash flow from operating activities increased 292.61% year-on-year
Gelonghui, April 26 | Joy City (000031.SZ) released its 2023 annual report. In 2023, in the face of an increasingly complex and severe external environment, the company faced challenges and made steady progress. The sales ranking reached a record high, reaching 46.1 billion yuan in contracts throughout the year, and the sales ranking rose to 29th place, up 4 places from last year; remarkable asset revitalization results achieved multiple retail transactions; the shopping center successfully completed the high-quality opening of 5 projects: Wuxi Jiangnan Joy City, Jingxi Joy City, Guangzhou Dayue Hui, Chengdu Tianfu Joy City, and Tianjin Xiqing Dayue Hui; the organizational structure continued to be optimized to lay the foundation for steady and sustainable development
Joy City (000031.SZ): 3 new real estate projects added in the first quarter
Gelonghui, April 10 | Joy City (000031.SZ) announced that in the first quarter of 2024, the company added 3 new projects. They are plot GW1-16-7 of Xi'an Chanba International Port; plot GW1-8-4-1 of Xi'an Chanba International Port; and the residential plot of Qiantang Bay headquarters in Century City, Xiaoshan District, Hangzhou.
Joy City Real Estate (00207) Announces 2023 Annual Results Profit attributable to shareholders of 340 million yuan, a year-on-year decrease of 35.94%
Joy City Real Estate (00207) announced its annual results for the year ended December 31, 2023, and the group completed operations during the period...
Joy City Properties (00207) will pay a special dividend of HK$0.0072 per share on July 4
Joy City Real Estate (00207) announced that it will pay a special dividend of 0.007 per share on July 4, 2024...
Joy City Real Estate (00207.HK): Ma Dewei retires as non-executive director
On March 27, Gelonghui | Joy City Real Estate (00207.HK) issued an announcement. Ma Dewei decided to retire as a non-executive director due to his retirement age, with effect from March 27, 2024.
Joy City Real Estate (00207.HK) plans to hold a board meeting on March 28 to approve annual results
Glonghui March 15 | Joy City Real Estate (00207.HK) announced that the company will hold a board meeting on March 28, 2024 (Thursday) to approve (among other things) the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and to consider the proposed payment of a final dividend (if any).
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