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Transformation and leapfrogging: "Langshi Green Real Estate (00106)" officially changed its name to "Longshi Green Management"
Zhitong Financial APP has been informed that on 30 June 2022, Lansi Green Real Estate ("Lansi" or the "Company", together with its subsidiaries, the "Group", Hong Kong Stock Code: 00106), one of the leading green real estate developers in the PRC, announced that the resolution to change the company's name had been formally passed at the annual general meeting held today. The name of the company is "Landsea Green Properties Co., Ltd." Change to "Landsea Green Management Limited"
Langshi Real Estate (00106) changed its name to "Langshi Green Management Co., Ltd." was officially approved by shareholders.
Zhitong Financial App News, Rangshi Real Estate (00106) announced that due to the relevant approval to change the English name of the company from "Landsea Green Properties Co., Ltd." The special resolution to change to "Landsea Green Management Limited" and adopt "Langshi Green Management Limited" as the company's new second name in Chinese to replace its existing Chinese second name "Langshi Green Real Estate Limited" has been formally passed by shareholders at the annual general meeting, so the change of company name will be noted by Bermuda.
The US housing market has cooled rapidly, and real estate developers such as Langshi Real Estate have been downgraded.
After the Federal Reserve sharply raised interest rates, the US real estate cooled rapidly, and more and more Americans sold their homes at reduced prices, but the home sales data fell again and again, and houses became a hot potato during the downturn of the housing market.
Landsea Green Buys Back, Cancels Nearly $115 Million of 10.5% Green Bonds Due Monday
03:13 AM EDT, 06/17/2022 (MT Newswires) -- Landsea Green Properties (HKG:0106) bought back and canceled $114.6 million of its 10.5% green bonds due on June 20. The real estate developer said the out
"Light" Langshi Real Estate (00106): us dollar debt will be repaid as scheduled
Since 2022, the real estate regulation and control policy has been adjusted in many places across the country, and the loose policy has shown a blowout trend, which has also ushered in a warm wind that has not been seen for a long time in the real estate industry. Under the favorable conditions of deregulation, the real estate industry is also expected to achieve a "bottom rebound" in 2022, becoming an important main line of "steady growth". But for the industry, despite the loosening of real estate refinancing, it seems difficult to ease the capital hunger of real estate companies, especially short-term debt pressure. Zhitong Financial APP learned that 2022 and 2023 are the peak years for the repayment of Chinese real estate dollar debt, with 2022 being the peak. According to Societe Generale Securities, 3-4 in 2022
00106.HK: the remaining US $85.41 million bill principal has been remitted to the designated bank account.
00106.HK announced that the company has repurchased a total of US $114.59 million of senior notes due on June 20, 2022 and cancelled all of them on the date of the announcement; the remaining US $85.41 million of principal repayment funds have also been remitted to the bank account designated by the trustee of the note and will be repaid as agreed on the maturity date.
The repayment funds of Langshi Real Estate's (00106) US dollar debt have been remitted to the designated account.
Zitong Financial App News, Lansi Green Real Estate (00106) has cancelled the total principal of about US $115 million of priority notes previously repurchased, and the remaining US $85.41 million of repayment funds has been remitted to the bank account designated by the trustee of the note and will be paid on the maturity date.
Landsea Green to Offload $30 Million Shares in Nasdaq-listed Unit
02:06 AM EDT, 06/02/2022 (MT Newswires) -- Nasdaq-listed real estate developer Landsea Homes entered into an agreement to repurchase $30 million of its common stock owned by its controlling shareholde
00106.HK subsidiary enters into share repurchase agreement with Landsea Homes
00106.HK announced that on June 1, 2022 (EDT), LHC, an indirect wholly-owned subsidiary of the company, entered into a share repurchase agreement with Landsea Homes, under which LHC agreed to sell and Landsea Homes agreed to repurchase shares (equivalent to approximately 9.7% of the issued and tradable shares of LSEA shares on the date of the announcement) in accordance with the terms and conditions of the share repurchase agreement. The repurchase price is $6.82 per LSEA share and the total consideration is approximately $30 million. Suppose that LHC holds
00106.HK plans to acquire the remaining 45% stake in Lang Kun Real Estate for 82.7553 million yuan.
00106.HK announced that on May 31, 2022, the company's indirect wholly-owned subsidiary intends to acquire the remaining 45% of Suzhou Langkun Real Estate, a non-wholly-owned subsidiary, for RMB 82.7553 million. Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the company. The company believes that the acquisition will help the company to obtain full control over the target company and will help the company to make more effective use of the surplus cash of the target company.
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