Minmetals land (00230.HK) was granted a revolving loan of 1.5 billion Hong Kong dollars.
On July 25th, Gelunhui learned that Minmetals Land (00230.HK) accepted a revolving loan amount of HKD 1.5 billion from a bank as a borrower on July 25, 2024. The financing amount does not have a fixed term, but the bank will conduct regular reviews.
Express News | Minmetals Land - Accepted Offer From Bank for Grant of a Revolving Loan Facility in an Aggregate Amount of HK$1.50 Bln
Minmetals Land Schedules Key Financial Vote Meeting
Minmetals Land Prepares for Special General Meeting
Minmetals Land Reports Sharp Sales Decline in 2024
Minmetals Land (00230.HK): Contract sales of 3.2 billion yuan in the first half of the year, a year-on-year decrease of 54.7%.
On July 24th, GeLongHui reported that Minmetals Land (00230.HK) and its affiliated companies, joint ventures, and affiliated corporations recorded a contract sales of approximately 3.2 billion RMB in the first half of 2024, with a corresponding total contract building area of about 0.166 million square meters, a decrease of about 54.7% and about 49.7% compared to the previous year.
Express News | Minmetals Land Ltd - Contracted Sales for H1 2024 RMB3.20 Bln
Avichina (02357) rose 4.52% on strong buying interest. Institutions believe that the valuation of state-owned enterprises in the aviation industry has the basis and potential for continuous improvement.
King Golden Financial News | The special valuation sector is strongly pushing higher. Minmetals Land (00230) rose 4.88%, Avichina (02357) rose 4.52%, China Railway Signal & Communication Corporation (03969) rose 3.68%, COSCO Ship Engy (01138) rose 3.47%, PICC P&C (02328) rose 3.14%, CRRC Corporation (01766) rose 2.52%. Sealand Securities said that the valuation of central SOEs has the basis and possibility of continuous improvement. Against the background of deepening reforms, the profit-making ability of SOEs is relatively strong, and the financing channels for high-quality assets are constantly expanding, which has played a key role in stabilizing the capital markets.
Minmetals Land Postpones Key Transaction Details
Minmetals Land Renews Subsidiary Lease Agreements
Minmetals Land (00230.HK): Change of company secretary and authorized representative's replacement.
On June 14th, Geely announced that Zheng Jiaheng has resigned as the company secretary and the replacement for Mr. He Jianbo and Mr. Chen Xingwu, effective from June 14th, 2024. Yao Yuxiang has been appointed as the new company secretary and the replacement for Mr. He and Mr. Chen, effective from June 14th, 2024.
Minmetals Land Advances Key Financial Transactions
Minmetals Real Estate (00230.HK) was granted a total revolving loan amount of HK$700 million by the bank
On May 16, GLONGHUI | Minmetals Real Estate (00230.HK) announced that on May 16, 2024, the company, as a borrower, accepted a revolving loan amount of HK$700 million granted by a bank. There is no fixed term for this financing amount, but the bank will conduct regular reviews.
We Think Minmetals Land (HKG:230) Is Taking Some Risk With Its Debt
Minmetals Land Issues Additional 400 Million Yuan Credit-Enhanced Bonds
Minmetals Real Estate (00230): The licensing agreement for the listing and trading of RMB 400 million credit-enhancing bonds expected to expire in 2025 came into effect on April 25
Zhitong Finance App News, Minmetals Real Estate (00230) announced that it is expected that the license agreement issued by the company to list and trade 400 million yuan credit enhancement bonds with an interest rate of 4.60% due in 2025 will take effect on April 25, 2024.
Minmetals Real Estate (00230.HK): Contract sales of 1.29 billion yuan in the first quarter decreased by 61.4% year-on-year
On April 24, Gelonghui | Minmetals Real Estate (00230.HK) announced that the company, together with its subsidiaries, joint ventures and associated companies, recorded contract sales of about 1.29 billion yuan in the first quarter of 2024. The total floor area of the corresponding contract was about 64,000 square meters, a decrease of about 61.4% and about 54.0% year-on-year, respectively.
Minmetals Land Shrinks Loss in 2023
2023 ANNUAL REPORT
Minmetals Real Estate (00230.HK) achieved consolidated revenue of HK$12.631 billion in 2023, up 25.5% year-on-year
Gelonghui, March 21, 丨 Minmetals Real Estate (00230.HK) announced that for the year ended 31 December 2023, the company achieved consolidated revenue of HK$12.631 billion, up 25.5% year-on-year; gross profit margin of 17.2%, up 6.7 percentage points year-on-year; and net losses and losses attributable to equity holders of the company narrowed by 61.3% and 25.4% respectively to HK$526 million and HK$1,016 million. Losses during the year were mainly due to a weak real estate market. The Group made inventory impairment provisions for real estate development projects, and wealth due to rising financing costs and falling interest capitalization ratios
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