Country Garden Holdings Co. (2007.HK)

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#1
This Businesswoman Made $2 Billion in Just Four Days

By Sree Vidya Bhaktavatsalam
January 8, 2018, 12:15 PM GMT+8 Updated on January 8, 2018, 5:54 PM GMT+8

A share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion -- and that’s just in the first four trading days of the year.

Yang, controlling shareholder of Country Garden, saw her fortune soar to $25.6 billion as of Jan. 5 to rank as the fifth-richest person in the nation, according to the Bloomberg Billionaires Index. That’s before Country Garden’s shares rose another 7.4 percent on Monday in Hong Kong trading, taking its year-to-date-gain to 17 percent.

The 36-year-old Yang is China’s richest woman and the nation’s youngest billionaire, according to the Bloomberg index. In 2005, her father transferred his controlling stake to her “due to his intention to train Yang Huiyan as the successor of his family’s interest” in the group, Country Garden said in its 2007 initial public offering prospectus.

More details in https://www.bloomberg.com/news/articles/...th-in-2018
Specuvestor: Asset - Business - Structure.
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#2
The 2007.HK shares closed today at $17.42 and market cap of company is about HK$370 Bil.

Ms Yang Huiyan holds 55% share of the company which corresponds to HK$203 Billion of the market cap. This is approx US $25.6 Billion quoted in Bloomberg report.

She holds 12.2 Billion shares and receives approx HK$2 Bil in annual dividend.

That can pay for many chicken & rice meals.
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#3
China’s Country Garden makes first foray into London with £400 million residential project
The deal to build 785 homes in Poplar, East London, follows the developer’s setback in its Malaysian mega project where Beijing’s capital curbs have dented sales

Zheng Yangpeng
PUBLISHED : Wednesday, 04 April, 2018, 1:32pm
UPDATED : Wednesday, 04 April, 2018, 3:27pm

China’s largest developer by sales, Country Garden, has bought a plot of land in London, its second major overseas foray after Beijing’s crackdown on capital flight sent sales at its Malaysian mega project tumbling.

The builder bought the residential site in Poplar, East London, for about £80 million (US$113 million) and plans to turn it into a £400 million development of 785 homes, a Country Garden executive told the Post on Wednesday.

It partnered with a Hong Kong fund, which Country Garden declined to identify, as part of a consortium to purchase Ailsa Wharf, near the River Lea, from local developers Galliard Homes and Lindhill.

More details in http://www.scmp.com/property/internation...00-million
Specuvestor: Asset - Business - Structure.
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#4
https://www.bloomberg.com/news/articles/...ks-pm-says

Ironically the country which responds faster to help Country Garden and its unsold units crisis is Malaysia and not its own home country

Sort of reminds me the political paralysis and incomptence faced by the Chinese when even Malaysia responds faster than you

"The incentives will include multiple-entry visas, fast-track access for those working in Singapore and a flat income tax rate of 15% for knowledge workers, Anwar said Friday while on tour seeking feedback on his government’s 2024 budget."
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#5
(26-08-2023, 03:00 PM)CY09 Wrote: https://www.bloomberg.com/news/articles/...ks-pm-says

Ironically the country which responds faster to help Country Garden and its unsold units crisis is Malaysia and not its own home country

Sort of reminds me the political paralysis and incomptence faced by the Chinese when even Malaysia responds faster than you

"The incentives will include multiple-entry visas, fast-track access for those working in Singapore and a flat income tax rate of 15% for knowledge workers, Anwar said Friday while on tour seeking feedback on his government’s 2024 budget."

CG Msia is partially owned by "you know who" in Johor.

https://theedgemalaysia.com/article/joho...ty-project

For those who follows a little bit about Msia politics, one will realize that Tuanku will be the new Agong by rotation, early next year. With everything that has transpired since 2020, the Agong now has "great power". Hence no surprises who was the first Sultan that PM Anwar met, just 3 days after he was sworned in as PM.

Busy Sunday for PM as he meets Johor sultan, Sabah leaders
https://www.malaysiakini.com/news/645962

Incentives for FC are because Anwar is incentivised to maintain good relationships.
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#6
We have analysed the financials of Country Garden to see if their situation is as dire as the media have painted.

Unless their reported numbers are inaccurate, we do feel that Country Garden would be able to survive this current ordeal.

Click Here for the Full Article:

https://thebigfatwhale.com/country-garde...-collapse/
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#7
(28-09-2023, 08:32 AM)BigFatWhale Wrote: We have analysed the financials of Country Garden to see if their situation is as dire as the media have painted.

Unless their reported numbers are inaccurate, we do feel that Country Garden would be able to survive this current ordeal.

Click Here for the Full Article:

https://thebigfatwhale.com/country-garde...-collapse/

Everyone talks about liabilities, but I am afraid most doesn't has a good understanding of a property developer. 

untitled (sgx.com)

I don't know whether Country Garden is able to survive but currently many of the giant Chinese developers are hiding in the shadow and laying as low as possible. The moment their names are called, like Country Garden, I am afraid, it is not easy to go back to the shadow again. 

I don't know which normal person will buy a property that will be delivered few years down the road from a developer like Country Garden. One can talk about the liability all day long but when no one buy, it is game over for a highly leveraged developer. I am assuming Chinese peoples do know what is happening to Country Garden.
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#8
Debt is ranked higher than equity in the capital structure. So real confidence is injecting capital via equity (if they are not violating any share issue or IPT mandates) - live and die by the sword.

Country Garden’s founding family lends US$300 million

THE founding family of Country Garden Holdings recently provided the developer with an interest-free loan of US$300 million, local media reported, a sign of its commitment to the ailing Chinese property giant.

It’s a signal of support from the billionaire clan as the company grapples with a potential default and massive debt restructuring. Once China’s biggest developer, Country Garden this week warned that it won’t be able to meet all of its future offshore payment obligations. It faces the expiry of a grace period for interest on a dollar bond next week.

https://www.businesstimes.com.sg/propert...00-million
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