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Gree Real Estate Co.,Ltd's (SHSE:600185) 26% Price Boost Is Out Of Tune With Revenues
Gree Real Estate (600185.SH): Major asset replacement and related Trade matters have been approved by the Zhuhai State-owned Assets Supervision and Administration Commission.
On December 13, Gree Real Estate (600185.SH) announced that the company intends to exchange the 100% equity of Shanghai Haikong Baolian Real Estate Co., Ltd., the 100% equity of Shanghai Haikong Helian Real Estate Co., Ltd., the 100% equity of Shanghai Haikong Tailian Real Estate Co., Ltd., the 100% equity of Sanya Helian Construction Development Co., Ltd., the 100% equity of Chongqing Liangjiang New Area Gree Real Estate Co., Ltd., and the company's related external debts with the 51% equity of Zhuhai Duty-Free Enterprises Conglomerates held by Zhuhai Investment Holdings Co., Ltd. The difference in the asset exchange will be compensated in Cash.
Is Gree Real EstateLtd (SHSE:600185) Using Debt Sensibly?
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Gradually exit the real estate business.
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