Singapore markets closed

Straits Times Index
3,280.10
-7.65(-0.23%)
Nikkei
37,934.76
+306.28(+0.81%)
Hang Seng
17,651.15
+366.61(+2.12%)
FTSE 100
8,139.83
+60.97(+0.75%)
Bitcoin USD
63,933.90
+951.31(+1.51%)
CMC Crypto 200
1,345.27
-51.26(-3.67%)

China Resources Land Limited (1109.HK)

HKSE - HKSE Delayed price. Currency in HKD

Add to watchlist

27.800

+1.750

(+6.72%)

At close: 04:08PM HKT

All

Reuters
New World and China Resources to build $1.3 billion Hong Kong housing development
Hong Kong's New World Development and Chinese state-backed China Resources Land said they will jointly build a $1.3 billion housing project in the financial city's "Northern Metropolis" next year. In a joint statement on Wednesday, the two developers said the project will create around 1,800 homes in the Hong Kong government-led property development on the border with China. The project has an estimated market valuation of HK$10 billion ($1.28 billion), a source close to the companies said.
Reuters
Country Garden warns of default risks, 'deeply remorseful' for record loss
HONG KONG (Reuters) -China's largest private property developer warned on Wednesday of default risks if its financial performance continues to deteriorate, and said it "felt deeply remorseful" for its record loss in the first half. Country Garden posted a net loss between January and June of 48.9 billion yuan ($6.72 billion), versus a 6.7 billion yuan net loss in the second half of 2022 and a 612 million yuan net profit in the first half of 2022. The liquidity stress in Country Garden became public this month after it missed two dollar-coupon payments - which the developer confirmed for the first time on Wednesday - and sought to extend an onshore private bond repayment, deepening contagion fears.