A large number of real estate enterprises are “expressing” their confidence and determination with real gold and silver.
According to the incomplete statistics of the reporter of Shanghai Securities News, since this year, more than 30 real estate related enterprises, including Vanke, country garden, Gemdale Corporation(600383) , Seazen Holdings Co.Ltd(601155) , Xuhui group, Greattown Holdings Ltd(600094) , country garden service and rongchuang service, have taken the initiative to “protect the market” – boosting the confidence of the capital market by repurchasing stocks or bonds. Among them, the funds involved in stock repurchase alone have exceeded 4 billion yuan.
real gold and silver, large-scale repurchase of shares by real estate enterprises
On April 5, Greattown Holdings Ltd(600094) announced that based on the confidence in the company’s future development prospects and the recognition of the company’s investment value, in order to enhance investor confidence and maintain the company’s value and shareholders’ equity, the company plans to repurchase no less than 200 million yuan and no more than 400 million yuan of company shares at a repurchase price of no more than 5.76 yuan / share, and the repurchased shares will be used for cancellation and sale.
Previously, Greattown Holdings Ltd(600094) just completed the repurchase of 54.475 million shares, accounting for 2.2% of the total share capital of the company, with a total transaction amount of about 200 million yuan (excluding transaction costs).
On March 31, Vanke announced that the company plans to repurchase shares of no less than 2 billion yuan and no more than 2.5 billion yuan within three months from the date when the board of directors deliberates and approves the share repurchase plan, and the repurchase price shall not exceed 18.27 yuan / share. This share repurchase aims to safeguard the company’s value and shareholders’ equity, and all the shares repurchased will be used for sale.
On the same day, Seazen Holdings Co.Ltd(601155) also announced that the company plans to repurchase the company’s shares of no less than 100 million yuan and no more than 200 million yuan with its own funds, and the repurchase price is no more than 41.39 yuan / share. The repurchased shares will be cancelled and the registered capital of the company will be reduced.
In terms of Hong Kong stocks, from January 6 to January 19 this year, Country Garden Service spent more than HK $60 million to repurchase 1.493 million shares of the company, which were cancelled on March 25. The 1.3 million shares of the Company repurchased by rongchuang service from January 4 to January 6 this year were cancelled on January 20.
“The repurchase of shares has been planned by the company for a long time.” Zhu Xu, board secretary of Vanke, said at the company’s performance promotion meeting that in March this year, the company’s share price fell from 19.5 yuan to 14.4 yuan in just nine trading days, resulting in an irrational decline. At that time, the company decided to start repurchase to maintain the stability of the share price.
it is worth mentioning that many real estate stocks have “broken the net”
Li Yujia, chief researcher of Guangdong housing policy research center, believes that for real estate enterprises, once the market believes that there may be risks in enterprise credit, it will lead to the closure of the company’s overseas financing channels, including the projects on sale. Therefore, real estate enterprises often express their own value and confidence in the future development of the company to the market and investors by repurchasing stocks or bonds.
Out of pocket, executives are enthusiastic about buying bonds
Compared with the company’s share repurchase, a group of senior executives of real estate enterprises chose to buy back bonds out of their own pocket to convey confidence to the market.
On March 26, Gemdale Corporation(600383) announced that in order to maintain the stability of the price of corporate bonds and effectively protect the interests of investors, some directors and core managers of the company will purchase corporate bonds in the secondary market in a market-oriented manner in accordance with the trading rules of the exchange. The main purchasers are Ling Ke, chairman of the company, and some core managers, with a total purchase scale of no more than 20 million yuan.
Before Gemdale Corporation(600383) , country garden, Seazen Holdings Co.Ltd(601155) , Xuhui group and other real estate enterprises have taken the lead.
On March 17, Country Garden Real Estate Group Co., Ltd., a wholly-owned subsidiary of country garden, disclosed that the company’s director Mo bin and supervisor Wang zengrui planned to purchase corporate bonds in the secondary market in a market-oriented manner, with a total scale of no more than 20 million yuan.
On March 23, Country Garden Real Estate Group Co., Ltd. issued another announcement that all directors, supervisors and senior managers of the company will purchase corporate bonds with a total scale of no more than 100 million yuan (including 20 million yuan previously announced) in the secondary market in a market-oriented manner in accordance with the trading rules of the trading place.
On March 19, Seazen Holdings Co.Ltd(601155) announced that some directors and senior managers of the company would purchase the corporate bonds issued by Seazen Holdings Co.Ltd(601155) in the secondary market in a market-oriented manner in accordance with the trading rules of the trading place, and the total purchase scale would not exceed 20 million yuan.
On March 21, Xuhui Group Co., Ltd. announced that Chen Dongbiao and Yang Xin, the directors of the company, would purchase corporate bonds in the secondary market in a market-oriented manner in accordance with the trading rules of the trading place, with a total purchase scale of no more than 30 million yuan.
early redemption, several real estate enterprises actively repay
Some real estate enterprises send positive signals to the market by redeeming domestic and foreign bonds or bills in advance.
From December 30, 2021 to March 13, 2022, country garden has bought back the principal of senior notes totaling US $45.7 million, which were originally due in 2022, 2023 and 2026 respectively.
On March 9, Xuhui group announced that the principal and interest accumulated to the maturity date of the 800 million corporate bonds used by the company to repay “18 Xuhui 01” had been fully deposited into the bank account designated by zhongdeng company. The bond will expire on March 21, 2022. After the payment of corporate bonds arrives in advance, Xuhui has only one RMB overseas bond due on April 23 to pay in the open market in 2022.
In addition, on February 24, Poly Developments And Holdings Group Co.Ltd(600048) , Beijing Capital Development Co.Ltd(600376) , Huafa Industrial Co.Ltd.Zhuhai(600325) , country garden and other real estate enterprise bond issuers issued announcements to disclose the recent operation status of the enterprise and its preparation for the future.
“The centralized disclosure of real estate enterprises covers state-owned enterprises and private enterprises. Although the incremental information is relatively limited from the perspective of disclosure content, it is undeniable that this is an active attempt in mechanism, focusing on the establishment and improvement of information disclosure concept and form, which will help boost market confidence and stabilize investment expectations.” Said a person from a large bond investment institution.
