In the past two years, Country Garden sold off companies such as Changxin Technology for 3.3 billion yuan in order to ensure delivery of homes. If you put it at today’s value, it’s at least 34 billion. So why can’t you use leverage? Because once you deleverage, the first thing you have to sell is the most high-quality liquid assets. And that means you can never buy them back again.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned