Xuhui, a real estate businessman who has been suspended for half a year, plunged 58% o

The Chinese real estate developer Xuhui Holdings Group, which was suspended due to the transaction and the annual report, was suspended, and fell on the first day on the first day of the resumption of the Hong Kong Stock Exchange on Wednesday (September 27).Essence

As of Wednesday's close, the Xuhui Holdings News reported at HK $ 0.315 (about S $ 0.05) per share, down 58.55%, and the lowest in the market was to HK $ 0.3.

Xuhui Holdings will suspend cards from March this year. At that time, the announcement of the company's auditors received an anonymous letter, andSeveral transactions of 1.8 billion yuan (RMB, the same below, about S $ 330 million) were questioned, and the Group decided to postpone the release of 2022 results and suspend trading.

Comprehensive surging news and First Financial reports, Xuhui Holdings issued an announcement on Tuesday (September 26) that the company's audit committee has appointed an independent legal adviser to audit, anonymous letters and allegationsThe transaction conducted an independent investigation and announced the results of the investigation.

In addition, the company has also published the annual results of the annual review of the year as of December 31 last year, and the unprecedented interim results of the six months ended June 30 this year.None of the auditors issued non -standard comments.

According to the financial report, in the first half of this year, Xuhui Holdings revenue was 31.319 billion yuan, an increase of 5.4%over the same period last year.In the first half of the year, Xuhui Holding Group realized a gross profit of 4.964 billion yuan, a decrease of 19.3%from 6.149 billion yuan in the same period last year; the gross profit margin during the period was 15.8%, and the same period last year was 20.7%.

The financial report was also announced. In the first half of this year, Xuhui Holdings's loss was about 9.1032 billion yuan, and the same period last year was about 1.904 billion yuan.As of the end of June, Xuhui Holdings had not repaid the total amount of borrowing was about 102.29 billion yuan, a slight decrease from 108.45 billion yuan at the beginning of last year.

Xuhui Holdings revealed in the announcement that as of the end of June, the group failed to repay the principal and interest of several overseas priority notes and interest on convertible bonds.Priority bills, convertible bonds and interest payables are about 17.628 billion yuan, 29.194 billion yuan, 1.505 billion yuan, and 1.705 billion yuan, respectively.

Xuhui Holdings said that the company has been actively negotiating with a number of financial institutions for renewal and existing domestic banks to borrow money;Project Development.In addition, the company will continue to seek other financing and borrowings to provide funds for the existing financial responsibilities and future operations and capital expenditures, and will continue to seek appropriate opportunities to sell non -core assets to enhance its cash status.