Leju Finance Zhang LinxiaOn January 30, Jiayuan International Holdings (02768) announced that the company's financial position was further adversely affected due to the overall industry distress that weakened the confidence of home buyers and affected the demand for overall real estate sales, coupled with real estate project developers are facing more financial scrutiny.
It is reported that in terms of domestic operations, Jiayuan International has indirectly owned 63% of the interests of Qingdao Lingshi Huafu Real Estate*** through its wholly-owned subsidiary Siyang Fengyuan Real Estate Development***, which has been transferred to Qingdao Jinhong Boan Investment *** in October 2023 Jiayuan International and 5 domestic subsidiaries have entered bankruptcy reorganization or pre-reorganization procedures in Chinese mainland, holding at least 6 related real estate development projects, including Venice City, Jiayuan Xintiandi, Century Chenzhang, Jiayuan Lanjing, Impression of Xicheng and Jiangwan Lanting.
It is also noted that the liquidators are still gathering information on the relevant facts and circumstances of the above events and will make further announcements in due course in accordance with the applicable requirements of the Listing Rules.
Related company: Jiayuan International Holdings HK02768