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Express News | Evergrande Property: Company Fails to Repay Two Maturing Debts Totalling Over RMB 226 Million
Hong Kong Stock Announcements Digest | Longyuan Power's photovoltaic power generation volume increased by over 30% in the first three months, and Orient Overseas International's first-quarter route revenue reached 2.1 billion US dollars.
① Longyuan Power's photovoltaic power generation volume in the first three months increased by over 30%. What are the highlights of its other businesses? ② OOCL International's route revenue in the first quarter reached 2.1 billion US dollars. What is the year-on-year growth rate?
Zhenro Properties Logs 315 Million Yuan in March Contracted Sales
The former dark horse of Fujian-based real estate companies has fallen, with Zhengrong Group entering bankruptcy liquidation proceedings.
① The First Creditors' Meeting of Zhengrong Group Co., Ltd. is scheduled to be held on June 18 by the Fuzhou Intermediate People's Court; ② Zhengrong Real Estate is a listed company on the Hong Kong Stock Exchange, while Zhengrong Group Co., Ltd. is another legal entity established by Ou Zongrong within mainland China. There is no equity relationship between Zhengrong Group and Zhengrong Real Estate, as they are two independent companies; ③ Zhengrong Real Estate continues to face significant debt repayment pressure.
Zhenro Properties Warns of Ongoing Uncertainty as Debt Restructuring Stalls
Zhenrong Real Estate (06158.HK) reported a full-year loss that widened to RMB 17.44 billion.
Zhenrong Property (06158.HK) announced its annual results for the year ended December 31 of the previous year. Revenue amounted to RMB 9.792 billion (hereinafter the same), representing a year-on-year decrease of 70.7%. The loss widened to RMB 17.44 billion, compared to a loss of RMB 6.83 billion in the same period last year; loss per share was RMB 3.99. No dividend was declared.