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03616 EVER REACH GP

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0.233 0.0000.00%
Trading 11/30 09:00 CST
0.000High0.000Low6.00KVolume
Intraday
  • 5D
  • 1D
  • 1W
  • 1M
  • 1Q
  • 1Y

About EVER REACH GP Company

Hengda Group (Holdings) Co., Ltd. (hereinafter referred to as Hengda Group Holdings) is the second real estate company in Henan Province directly listed through an IPO on the main board of the Hong Kong Stock Exchange (stock code: 3616.HK). Hengda Group Holdings began in 1992 and currently manages 12 real estate companies. Among them, Xuchang Hengda Real Estate Group Co., Ltd. and Yuzhou Hengda Real Estate Co., Ltd. have national-level real estate development qualifications. The real estate development area covers downtown Xuchang and Yuzhou, Changge, Yanling, Xiangcheng, and the provincial capitals of Zhengzhou and Xinyang. As of December 2019, the Group has developed 51 projects, with an area of about 6.9 million square meters developed, under construction and awaiting development. The group has been rated as one of the top 50 comprehensive real estate development companies in Henan Province, an “excellent enterprise” for real estate development in Henan Province, and a “contract-abiding and credit-worthy” enterprise in Henan Province. It has won honorary titles such as the 2017 China Real Estate Enterprise Credit Rating AA Enterprise and the 2017 Weidu District Governor Quality Award. In 2018 and 2019, it was continuously selected as one of the top 100 private enterprises in Henan and the top 100 modern service enterprises in Henan private enterprises. Over the years, Hengda Group Holdings has donated nearly 28 million yuan to the community, mainly to fund public welfare undertakings such as education, earthquake relief, and relief for people in need.

Revenue Breakdown

Business Unit:CNY
Stock NameRevenueRatio
Property sales1.48B99.53%
Rental income5.6M0.38%
Service income1.37M0.09%

Comments

    $EVER REACH GP(03616.HK)$$中国恒大(ADR)(EGRNY.US)$ Evergrande Real Estate Group, a subsidiary of Evergrande, issued a bond interest payment announcement on Friday, stating that it will pay the interest of the corporate bond “20 Evergrande 05” issued on the 19th; this is different from the other issue of bonds in September, which is resolved through off-exchange negotiation. , The company stated that it will transfer the dividend (redemption) funds in full to the bank account designated by the Shenzhen Branch of China Clearing Corporation two trading days before the interest payment date, and entrust the latter to pay dividends.
    The CEO of National Electric Vehicle Sweden Co., Ltd. (NEVS), a subsidiary of Evergrande Group, said that the company is negotiating with venture capital companies and industry partners in the United States and Europe to sell the company. NEVS CEO Stefan Tilk declined to comment on the possible valuation. A person familiar with the matter told Reuters that the company’s valuation could be as high as $1 billion
    Article excerpted from Reuters Financial Morning Post
    $EVER REACH GP(03616.HK)$ On September 16, the World Union Bank issued an announcement. As of the announcement date, the company and Evergrande Group have reached a settlement of about 246 million yuan in receivables, and there is still a balance of 999 million yuan in receivables.
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