Country Garden Forced to Liquidate CXMT Stake at Cost, Missing Over 23-Fold Investment Return
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Country Garden Forced to Liquidate CXMT Stake at Cost, Missing Over 23-Fold Investment Return
According to crypto KOL AB Kuai.Dong (@_FORAB), in September 2021, Country Garden injected 2 billion yuan into CXMT at 2.22 yuan per share, acquiring 901 million shares. At the end of 2024, due to being deeply mired in the real estate liquidity crisis, Country Garden was forced to liquidate all its CXMT equity at the original price, with Hefei state-owned capital taking over. If held to date, the return on this investment would be as high as 23 times. Hefei state-owned capital continues to bet on CXMT, currently holding 36.79%, with book returns exceeding 1 trillion yuan.
Navigating Web3 tides with focused insightsTechFlow news, July 27, according to crypto KOL AB Kuai.Dong (@_FORAB), in September 2021, Country Garden invested 2 billion yuan into ChangXin at 2.22 yuan/share, obtaining 901 million shares. At the end of 2024, due to being deeply trapped in the real estate liquidity crisis, Country Garden was forced to liquidate all its held ChangXin equity at the original price, with the buyer being Hefei state-owned capital. If held until now, the return on this investment would be as high as 23 times.
Hefei state-owned capital continues to bet on ChangXin, currently holding 36.79%, with paper returns exceeding 1 trillion yuan.
