Country Garden, which was deeply trapped in the debt crisis, plummeted on the Hong Kong Exchange's stock price, was removed from the Hong Kong Hang Seng Index composition and lost its blue chip status.
Comprehensive Hong Kong Ming Dao Xingdao Daily reported that after Country Garden announced the expected loss of 55 billion yuan (RMB, the same below, about S $ 10.2 billion) in the first half of this year, and after the risk of debt defaults, Country Garden recently owned by Country GardenMany domestic bonds have been suspended, and the redemption of three bonds also has huge uncertainty.
Under the impact of multiple negative news, Country Garden's stock price declined in a cliff. On Friday (August 18), Country Garden received 0.76 Hong Kong dollars per share (about S $ 0.13) on the Hong Kong Exchange.The 3.3 Hong Kong dollar fell 77%.The market value has evaporated by more than 70 billion Hong Kong dollars this year, with only about 21 billion Hong Kong dollars.
It is reported that the market has guessing that the Hong Kong Hang Seng Index status of the two stocks of Country Garden may not be guaranteed.Hong Kong Hang Seng Index Co., Ltd. announced the latest results of the quarterly inspection on Friday (August 18) that after being removed by the state -owned enterprise index in May this year, Country Garden was eliminated from the constituent stocks of the Hang Seng Index and lost the blue chip status.The Group's Country Garden service successfully preserved the blue chip status, but was also removed by the country's finger.
Xue Yonghui, director and investment director of Hang Seng Investment, believes that considering the recent development of Country Garden, the HSI's decision to remove Country Garden is expected, but surprisingly, the HSI did not remove Country Garden services.
