Country Garden's equity contract sales in the first four months were 17.36 billion yuan, and the monthly revenue was 3.85 billion yuan
On May 3, data released by Country Garden on the Hong Kong Stock Exchange showed that the company achieved significant sales performance in April. Specifically, Country Garden's contracted sales in April reached approximately RMB3.85 billion, which was attributable to the Company's shareholders' equity. At the same time, the company's contracted sales floor area during the same period was also considerable, about 430,000 square meters, which also belonged to the company's shareholders' equity.
According to this calculation, Country Garden achieved a total of about 17.36 billion yuan in contracted sales attributable to the company's shareholders' equity in the first four months.
Jinke shares: The reorganization plan (draft) has been formulated and improved, and the two platform companies have priority for reorganization
On May 4, Jinke disclosed the record of investor relations activities, which showed that the company's reorganization draft had been preliminarily formulated, and the risk of guaranteed delivery was in a controllable state. Effective June 30, 2023, Jinke Real Estate signed a strategic investment framework agreement with Great Wall Guofu Real Estate Co., Ltd., a wholly-owned subsidiary of China Great Wall Asset Management. Since then, the two sides have established a work coordination mechanism and continued to promote related work.
The management of Jinke Real Estate revealed that in order to promote the reorganization process, the company has carried out linkage with the court and organized nearly 20 consultation meetings. The meeting invited Jinke shares, intermediaries, financial creditors and strategic investors and other participants to jointly put forward suggestions on the reorganization plan.
According to reports, based on the audit and evaluation data, Jinke has formulated and improved the reorganization plan (draft) with the support of intermediaries, and the overall idea of the plan is "the priority reorganization of the two platform companies, the normal operation of each project company, the agreement reorganization, the judicial reorganization, and the divestiture and disposal".
The record sheet also shows that as of April 20, the company has delivered a total of 36.08 million square meters and 238,300 sets nationwide. Among them, a total of 5.94 million square meters and 40,500 sets have been delivered in Chongqing.
As of the disclosure date of the report, the company has been shortlisted for 83 projects in 14 provinces (autonomous regions and municipalities directly under the central government) across the country, of which 6 projects have obtained loans of 252 million yuan, and some projects are in transit, which effectively alleviates the short-term liquidity pressure at the project level and is conducive to ensuring the company's completion of the obligation to ensure the delivery of buildings.
Rumors of the cancellation of Shenzhen's housing purchase restriction policy Shenzhen Housing and Urban-Rural Development Bureau: Subject to official announcement
According to recent reports, market news said that after the "May Day" holiday, Shenzhen will cancel the housing purchase restriction policy in areas other than Futian and Nanshan, and may cancel the five-year value-added tax, allowing the property to be exempted for three years.
In response to these market rumors, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development said that the relevant policy information is subject to the official announcement of the Municipal Housing and Construction Bureau. The Municipal Housing and Construction Bureau will combine the actual situation of the real estate market, under the leadership of the Shenzhen Municipal Party Committee and the Municipal Government, and make good use of the policy toolbox according to the city's policies, so as to better meet the needs of residents for rigid and improved housing, and promote the steady and healthy development of the Shenzhen real estate market.
Warren Buffett: Still capable of working, but Berkshire management changes "won't wait too long"
On May 4, local time, Warren Buffett discussed the company's future and management succession plan at Berkshire Hathaway's shareholders' meeting. Buffett said that although he is still capable of working at the moment, the change in the company's management will take place in the near future, taking into account the age factor.
"We'll see how Berkshire's next management plays out and, fortunately, won't be waiting too long. He added: "I shouldn't be like some people in this world who accept any four-year employment contract at an age where you're not sure where you'll be in four years." ”
The box office of May 1st was 1.519 billion yuan, and 2.405 million shows set a record for May 1st in Chinese film history
On May 5, Maoyan Professional Edition data showed that the total box office of May Day (5.1-5.5) in 2024 will be 1.519 billion yuan, the number of moviegoers will be 37.579 million, and the number of shows will be 2.405 million, setting a new record for the total number of May Day shows in Chinese film history.
During this period, a total of five films grossed more than 100 million yuan, of which "Peacekeeping Anti-riot Team" topped the list with a box office of 404 million yuan, followed by "The End of the Road" with 389 million yuan and "The Siege of Kowloon Walled City" with 251 million yuan. "Spy Playing House Codename: White" and "Howl's Moving Castle" ranked fourth and fifth with a box office of 195 million yuan and 102 million yuan respectively.
"Peacekeeping Anti-riot Team" won the daily box office championship in the first two days, and from the third day, "Spending Money at the End of the Road" surpassed and maintained the daily box office champion for three consecutive days.
Zhang Tong, a senior analyst at Maoyan Research Institute, pointed out that the box office of May Day in 2024 exceeded expectations, especially the box office on the first day, which was mainly due to the increase in the proportion of same-day ticket purchases, showing the enthusiasm of the audience to buy tickets. Due to the box office of many films exceeding 100 million, and the box office results of the top two films are similar, the box office concentration of the top films has decreased. The analysis of user portraits shows that the audience aged 25 and above accounts for a relatively high proportion of ticket buyers, and the majority of female audiences are women.
Hong Kong is expected to receive 800,000 mainland tourists during the May Day Golden Week, which is expected to bring HK$2 billion in consumer revenue
On May 5, the May Day Golden Week holiday in the mainland ended. Hong Kong Secretary for Culture, Sports and Tourism Kevin Yeung Kevin mentioned in a radio program that Hong Kong and Guangdong Province have been affected by more rain and unstable weather this year, and according to statistics, Hong Kong received more than 670,000 mainland visitors in the first four days of the May Day Golden Week, and the final number is expected to be close to 800,000. This figure is expected to generate more than HK$2 billion in consumer revenue for Hong Kong.
Mr Yeung also mentioned that as of yesterday morning, there were about 560 mainland tour groups visiting Hong Kong, accounting for about 4% of the total number of visitors. He pointed out that while some traders reported an increase in business, others said that business did not meet expectations. Yeung believes that this may be related to changes in travel patterns. He mentioned that many tourists are more inclined to experience Hong Kong's community culture and go on in-depth tours, and these tourists are scattered to different parts of Hong Kong, which may lead to some merchants not feeling the increase in business significantly.
Mr Yeung said that the authorities plan to step up the promotion of Hong Kong's in-depth tourism projects in the future, such as promoting tourism activities such as boat trips from Sai Kung to the outer islands.
Geely Automobile's spin-off Zeekr IPO: has submitted a preliminary prospectus to the SEC at a price of $18 to $21 per share
On May 5, Geely Automobile Holdings Co., Ltd. issued an announcement on the latest progress of the proposed spin-off of Zeekr.
According to the announcement, on May 3, 2024 (New York time), ZEEKR publicly submitted a preliminary prospectus to the SEC. Subject to market conditions, the ZEEKR Offering is expected to include a preliminary offering of 17.5 million ADSs to be sold by ZEEKR, the underwriters and other relevant parties (if any) subject to market conditions. The underwriters will also have an option to subscribe for up to an additional 2,625,000 ADSs upon exercise of the over-allotment option.
The initial offer price per ADS is expected to be between US$18 and US$21.
On the same day, Geely Automobile provided a written intention to subscribe for up to US$320 million (equivalent to approximately HK$2,505.6 million) of the ADSs offered in the ZEEKR offering at the initial public offering price and on the same terms as other ADSs offered. The final number of ADSs to be subscribed for by the Company will be subject to the final offer price of the ADSs offered in the ZEEKR Offering.
Based on the assumed initial offer price of US$19.5 per ADS, after deducting the underwriting discounts and commissions payable by ZEEKR and the estimated offering expenses, the net proceeds to be received by ZEEKR from the ZEEKR Offering are estimated to be approximately US$308.6 million (equivalent to approximately HK$2,416.3 million) or approximately US$356.2 million (equivalent to approximately HK$2,789 million) (if the underwriters exercise the over-allotment option in full).
ZEEKR intends to use the net proceeds for the following purposes: (i) approximately 45% for the development of more advanced electric passenger vehicle technologies and the expansion of its product portfolio, (ii) approximately 45% for sales and marketing and the expansion of ZEEKR Group's service and charging network, and (iii) approximately 10% for general corporate purposes, including working capital requirements, to support the business operations and development of ZEEKR Group.
Zhibang Home Furnishing plans to issue 670 million yuan of convertible bonds to invest in intelligent production bases and other projects
On May 5, Zhibang Home Furnishing Co., Ltd. issued a revised draft of the plan to issue convertible corporate bonds to unspecified objects.
According to the announcement, the type of securities issued this time is convertible bonds that can be converted into A-shares of the company. The convertible bonds and the company's A-shares converted by the convertible bonds will be listed on the Shanghai Stock Exchange. The total amount of funds raised from the issuance of convertible bonds will not exceed RMB670 million.
The convertible bond conversion period of this issuance is from the first trading day after the expiration of six months from the date of the end of the issuance to the maturity date of the convertible bond. The convertible bonds issued this time are preferentially placed to the original shareholders of the company, and the original shareholders have the right to give up the placing rights.
The amount raised this time is planned to be invested in the construction project of Qingyuan Intelligent Production Base (Phase I and II), the digital upgrade project, and the replenishment of working capital, with an investment amount of about 416 million yuan, 84 million yuan, and 170 million yuan respectively.