"Electric Eel Finance" Wendian Eel No.
Recently, it was reported that China Aoyuan filed for bankruptcy protection in a New York court under Chapter 15 of the U.S. Bankruptcy Code. It is reported that China Aoyuan is a local private enterprise in Guangzhou. In 2019, China Aoyuan's sales volume ranked among the top 30 real estate companies in China for the first time, and the company once stood out in the real estate market. However, according to relevant reports, in 2021 and 2022, the total loss attributable to the owners of China Aoyuan will be about 409$1.8 billion.
Bankruptcy protection is a legal means by which a business can be reorganized or liquidated under the supervision of the court. For China Aoyuan, filing for bankruptcy protection is undoubtedly a way to save itself.
Although China Aoyuan is currently facing huge difficulties, we still cannot deny its influence and potential in the real estate market. First of all, China Aoyuan has a wealth of experience in real estate development and an excellent management team, which are important foundations for its revitalization. Secondly, with the continuous development and deepening of China's real estate market, the competitive landscape of the market is also constantly changing, which provides new development opportunities for China Aoyuan. With the continuous optimization of China's leading regulation and control policies for the real estate market, the market environment is also improving, which is also beneficial to the development of China Aoyuan.
China Aoyuan's bankruptcy protection application is undoubtedly a self-redemption in its current predicament. We look forward to China Aoyuan taking this opportunity to regain its position in the real estate market by adjusting its business model, optimizing its product mix and improving its service quality." At the same time, we also expect that China's real estate market can achieve a healthier and more stable development in the continuous adjustment and optimization. Electric Eel Finance will keep an eye on the future development of China Aoyuan.
Electric Eel Express