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Gree Real Estate's H1 Loss to Widen; Shares Drop 5%
Gree Real Estate (SHA:600185) expects to incur a loss attributable to the owners of between 602.6 million yuan and 780 million yuan in the first half of the year, widening from the year-ago loss of 21
Long-established state-owned developer says goodbye to real estate.
Ten years ago, Dong Mingzhu, then chairman of Gree Group, said that Gree should not focus on real estate business, but should focus on home appliances; ten years later, this became true. Gree Real Estate, which has separated from Gree Group, has decided to withdraw from real estate development business. On July 7th, Gree Real Estate announced that it will gradually withdraw from real estate development business in Shanghai, Chongqing, Sanya and other places, and plans to sell corresponding assets and liabilities; at the same time, it has updated its restructuring plan for Zhuhai Duty-Free Group, planning to buy no less than 51% of the equity of Zhuhai Duty-Free Group and promote Gree Real Estate's main business transformation to duty-free business.
2024 Interim Performance Forecast
Gree Real Estate to Dispose of Assets to Buy 51% of Zhuhai Duty Free; Shares Up 6%
Gree Real Estate (SHA:600185) plans to acquire 51% of Zhuhai Duty Free Enterprise Group through the disposal of assets, according to the company's filing on the Shanghai Stock Exchange.The Chinese rea
More Unpleasant Surprises Could Be In Store For Gree Real Estate Co.,Ltd's (SHSE:600185) Shares After Tumbling 26%
The Gree Real Estate Co.,Ltd (SHSE:600185) share price has fared very poorly over the last month, falling by a substantial 26%. The drop over the last 30 days has capped off a tough year for shareh
Gree Real Estate (600185.SH): All 29.6608 million stocks held by the sixth phase employee stock ownership plan have been sold.
On June 7th, Geliongui reported that Gree Real Estate (600185.SH) announced that on June 7, 2024, the company received a notice from the sixth employee stock ownership plan management committee (referred to as the 'Committee'): The 29.6608 million shares of the company's stocks held by the sixth employee stock ownership plan have all been sold.
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