China Real Estate Giant Shimao Group announced on Friday (July 28) that the company's stock will be resumed next Monday (31st) after nearly 16 months.
According to the China Fund, the sales of over 300 billion yuan (the same, about S $ 55.8 billion), and ranked among Shimao Group, the top ten housing companies in China, and made up 2021 and 2022In the first half of the year and 2022, three financial reports.
The financial situation of Shimao Group has deteriorated significantly in the past two years.Data show that the company's contract sales in 2021 were 269.11 billion yuan.The revenue was about 107.797 billion yuan, a decrease of about 20.4%from the previous year.In 2022, the company's contract sales fell to 86.52 billion yuan, and its revenue was 63.04 billion yuan, a decrease of about 41.5%from the previous year.In 2021 and 2022, the shareholders of Shimao Group should account for 23.251 billion yuan and 12.825 billion yuan, and a total of 36.075 billion yuan in two years.
Shimao Group announced that it has applied for recovery shares to buy and sell from 9 am on July 31st this year.This was 16 months since the company's suspension of trading on April 1 last year.According to the listing rules of the Hong Kong Stock Exchange, the Hong Kong Stock Exchange can remove the securities of 18 months of securities.The Hong Kong Stock Exchange announced that Shimao Group will resume trading next Monday.
According to the announcement, one of Shimao Group's resumption of trading is to conduct appropriate independent investigations and announcement results on the matters proposed by the former nuclear number Luo Bingxian in the resignation letter, and take appropriate remedial measuresEssence
Shimao Group released the main survey results of an independent investigation on June 23 this year, revealing the four details exposed by Luo Bingxian when he resigned in 2020 or previously unveiled trust loans.
Shimao Group said that the company has published all the unprepared financial results stipulated in the listing rules, and handle any review and revision.The matters proposed in the letter were properly investigated and announced the results of the investigation, and appropriate remedial measures were taken.
Shimao Group said that the company conducted independent internal surveillance review and proved that the company has set up full internal monitoring and procedures to fulfill the responsibility under the listing rules. ThereforeSuccessive asset value is enough to support its operation and fulfill the re -trading guidelines.
