01628 YUZHOU GROUP
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YUZHOU GROUP News
Express News | Financial Times: Mortgage rates with a term of more than five years significantly below 3% are unsustainable for banks.
YUZHOU GROUP To Carry Out 1-for-10 Reverse Stock Split On March 24th, 2025
November 1st (Beijing Time) - $YUZHOU GROUP(01628.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from March 24th, 2025.$
The sales of the top 100 real estate companies in Silver October have turned the corner, with over 80% performance growth compared to the previous month.
①Affected by favorable policies and real estate developers' promotions, the sales of the top 100 real estate companies in October achieved a year-over-year positive growth for the first time this year. ②Among them, 83 real estate companies saw a month-on-month sales increase, with 33 more compared to September; 38 real estate companies experienced a year-on-year sales growth, with 22 more than in September.
Daily real estate industry dynamics summary (2024-11-01)
The journalist learned from the Ministry of Housing and Urban-Rural Development that in October this year, there has been a turning point in the continuous decline of commodity housing sales area year-on-year. Analyzing the year-on-year data can help understand market trends.
How effective is the combination of measures in stabilizing the real estate market? The Ministry of Housing and Urban-Rural Development has recently announced, the first time in 17 years.
At the end of September, how effective is the combination of measures to stabilize the real estate market? The Ministry of Housing and Urban-Rural Development (referred to as the "Ministry of Housing and Urban-Rural Development") has released the latest data.
Express News | The Ministry of Housing and Urban-Rural Development: In October, the total volume of newly-built commodity housing and second-hand housing transactions increased for the first time after eight consecutive months of decline.
Mainland real estate stocks in Hong Kong collectively rose! The sales performance of the top 100 real estate companies in October has been released, with a 73% increase compared to the previous period.
The effects of the comprehensive real estate policies are showing. Data from the Ke Research Center shows that in October, the top 100 real estate companies achieved a sales turnover of 435.49 billion yuan, a month-on-month increase of 73%, and the performance scale reached the second highest of the year; a year-on-year increase of 7.1%, achieving month-on-month performance growth for the first time this year. Industry experts believe that since the end of September, the real estate "comprehensive" policies have led to positive changes in market sales, and it is expected that the stabilizing trend of sales in core cities will continue in the short term. In October, the performance of the top 100 real estate companies increased by 73% month-on-month. Data from Ke Research Center shows that in October, the top 100 real estate companies achieved a sales turnover of 4354.9.
Hong Kong stocks are on the move | Mainland real estate stocks collectively opened high, with sales of the top 100 real estate companies in October increasing by over 70% month-on-month. The policy combination continues to exert force.
Mainland real estate stocks opened high collectively. As of the time of publication, China Jinmao (00817) rose by 2.48% to HKD 1.24; Longfor Group (00960) rose by 2.06% to HKD 12.88; China res land (01109) rose by 1.93% to HKD 26.35; Midea real est (03990) rose by 3.61% to HKD 3.44.
Express News | People's Daily: With efforts from both supply and demand sides, the real estate financial policies are being effectively implemented.
Yuzhou (01628.HK) plans to discount 73.7% to issue 100 shares for every 49 shares, with a net raise of up to 0.11 billion yuan.
yuzhou group (01628.HK) announced a proposed rights issue of 49 shares for every 100 shares held, with a subscription price of 0.035 yuan per share, representing a discount of approximately 73.68% compared to the closing price of 0.133 yuan per share on the previous day (October 31). It involves a maximum of nearly 3.207 billion shares of new shares, equivalent to approximately 32.89% of the expanded shares. The company expects that the estimated net proceeds from the rights issue will be up to approximately 0.11 billion yuan, intended to be used to pay for the restructuring support agreement fees, costs related to the proposed restructuring, and the group's working capital needs. In order to support the proposed restructuring and rights issue, the underwriter has irrevocably committed to subscribe for a total of 18 shares.
China Real Estate Research Institute: The year-on-year decrease in the total amount of land acquisition by the top 100 real estate companies has slightly expanded. State-owned enterprises at the central and local levels remain the block orders.
Overall, the shrinking trend of the national land market in 2024 has not changed, real estate companies are still cautious in land acquisition, and the land acquisition to sales ratio of top companies remains low, with the average land acquisition to sales ratio of the top 20 companies being less than 20%.
Express News | Citic Securities: Overall improvement in real estate sales, increased corporate differentiation.
China Real Estate Research Institute: The stabilization trend has emerged. The decline of second-hand house prices in core cities in October has slowed down.
In October, the average price of newly built residences in one hundred cities was 16,532 yuan per square meter, with a month-on-month increase of 0.29% and a year-on-year increase of 2.08%.
yuzhou group (01628) plans to issue 5.645 billion shares and implement a stock consolidation.
yuzhou group (01628) announced that after the effective date of the restructuring, the company will issue shares at the exchange price on the effective date of the restructuring...
yuzhou group intends to conduct a rights issue based on a "100 shares for every 49 shares" basis, with a maximum net proceeds of approximately 0.1102 billion Hong Kong dollars.
yuzhou group (01628) announced that the company proposes to make a rights issue at a subscription price of HK$0.035 per shareholding share on the basis of 49 new shares for every 100 existing shares held on the record date, by issuing up to a maximum of 3.2065 billion rights shares to eligible shareholders (assuming no change in the number of existing shares issued on or before the record date) to raise up to approximately HK$0.1122 billion (before deducting professional fees and other related expenses). The estimated net proceeds from the rights issue will be up to approximately HK$0.1102 billion (assuming full subscription to the rights issue; and no changes in the number of existing shares issued on the record date or
yuzhou group (01628) plans to conduct a rights issue at a basis of "100 shares for every 49 shares", with a maximum net proceeds of approximately 0.1102 billion Hong Kong dollars.
yuzhou group (01628) announced that the company proposes a subscription price of HK$0.035 per rights share...
Express News | The sales of the top 100 real estate companies in October increased by nearly 70% month-on-month.
Bullish factors are resonating, the real estate sector is "stabilizing after the decline"
With the intensive introduction of policies and some visible positive changes, the real estate industry as a whole has already confirmed the bottom in the short term and has the conditions for upward rebound in the medium to long term.
Daily real estate industry updates (2024-10-31)
Industrial and commercial banks, Agricultural Banks, Bank of China, China Construction Bank Corporation, Bank of Communications, and Postal Savings Banks, the six major commercial banks, announced today (31st) that starting tomorrow (November 1st), they will successively implement a new pricing mechanism for commercial individual housing loans.
Personal housing loan interest rate adjustments are imminent! Most of the real estate stocks in Hong Kong are showing strength, and China Jinmao has increased by nearly 13%.
What impact does the adjustment of personal housing loan interest rates have on the real estate market? How is the recent situation of sales picking up in the real estate market?
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