Express News | Bright Real Estate Says It Gets Regulatory Approval to Issue 4.3 Bln Yuan of Medium-Term Notes

ReutersJul 1 03:44 ET

Bright Real Estate Group (600708.SH) has been approved to register 4.3 billion yuan medium-term notes.

Bright Real Estate Group (600708.SH) announced that the company has received a "Confirmation of Acceptance" issued by the China Foreign Exchange Trade System and the National Interbank Funding Center.

Zhitong FinanceJul 1 03:34 ET

Bright Real Estate Group (600708.SH): plans to launch business for supply chain asset support program.

On June 11, Gelunhui reported that Bright Real Estate Group (600708.SH) plans to launch a supply chain asset support plan business, which allows upstream suppliers to have payment request rights for subsidiaries within the merged company's scope after fulfilling obligations to sell goods or provide labor services. Suppliers can use these receivables to obtain factoring financing from factoring companies, resulting in factoring companies' factoring claims. Factoring companies use these receivables as underlying assets and register them with China Insurance Assets Registration and Transaction System Co., Ltd. (referred to as "CIRC") as a business.

Gelonghui FinanceJun 11 07:45 ET

There's No Escaping Bright Real Estate Group Co.,Limited's (SHSE:600708) Muted Revenues

Bright Real Estate Group Co.,Limited's (SHSE:600708) price-to-sales (or "P/S") ratio of 0.5x might make it look like a buy right now compared to the Real Estate industry in China, where around half of

Simply Wall StApr 29 20:46 ET

Guangming Real Estate (600708.SH) announced its 2023 annual results, with net profit of 33.84 million yuan, a year-on-year decrease of 33.92%

According to Zhitong Finance App News, Guangming Real Estate (600708.SH) disclosed its 2023 annual report. The company achieved revenue of 8.605 billion yuan in 2023, a year-on-year decrease of 47.98%; net profit to mother was 33.84 million yuan, a year-on-year decrease of 33.92%; after deducting non-net profit losses of 428 million yuan, which changed from profit to loss over the previous year; basic earnings per share were 0.0152 yuan. The company plans to distribute a cash dividend of 0.05 yuan (tax included) for every 10 shares.

Zhitong FinanceApr 24 10:24 ET

Is Bright Real Estate GroupLimited (SHSE:600708) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will

Simply Wall StFeb 25 19:44 ET