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Everbright Jiabao Co., Ltd. 2024 interim performance forecast.
Everbright Jiabao (600622.SH): has received all compensation payments for property requisition.
On August 17, 2023, Everbright Jiabao (600622.SH) announced that it had signed the Expropriation Compensation Agreement with Shanghai Jiading House Acquisition Service Co., Ltd. and the People's Government of Malu Town, Jiading District, Shanghai. As of January 26, 2024, the company has received the first to third expropriation compensation payments under the Agreement, with a total amount of 178,969,140 yuan. Recently, the company has received the last expropriation compensation payment of 19,885,461 yuan under the Agreement, and has received a total of 198,854,6 yuan in compensation payments.
It's A Story Of Risk Vs Reward With Everbright Jiabao Co., Ltd. (SHSE:600622)
Everbright Jiabao Co., Ltd.'s (SHSE:600622) price-to-sales (or "P/S") ratio of 0.8x might make it look like a buy right now compared to the Real Estate industry in China, where around half of the comp
Everbright Garbo (600622.SH): No public rental housing business involved
Gelonghui, May 24 | Everbright Garbo (600622.SH) said on an interactive platform that currently, the company is not involved in the public rental housing business.
Everbright Garbo (600622.SH): Net loss of 87.7 million yuan in the first quarter
Gelonghui, April 29 | Everbright Garbo (600622.SH) released its first quarter report. Operating revenue was 340 million yuan, down 30.75% year on year, net loss of 87.7 million yuan, net loss of 95.459 million yuan after deducting non-net loss of 95.459 million yuan, basic earnings per share -0.06 yuan.
Everbright Garbo (600622.SH): The holding subsidiary received a “Notice” from the partner
On March 15, Gelonghui (600622.SH) announced that the holding subsidiary Everbright Anshi (Beijing) Asset Management Co., Ltd. received a “Notice Letter” from the partner Shanghai Hengcheng Industrial Development Co., Ltd. Based on mutual trust, Hengcheng Industrial irrevocably notified Anshi Asset Management as follows: 1. Hengcheng Industrial agreed to extend the time limit for Anshi Asset Management to carry out relevant facilitation obligations under the “Cooperation Agreement” until September 17, 2024, other conditions remain unchanged; 2. Notwithstanding the above, Hengcheng Industrial further confirmed and agreed to continue discussions with Yasushi Asset Management on the property allocation plan for the project (defined as the same as the original “communication”
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