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    884   KYG2140A1076

CIFI HOLDINGS (GROUP) CO. LTD.

(884)
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CIFI Holdings Co. Ltd. Enters into Chongqing Cooperation Agreement with Henderson China Investment and Boham Estate

08/02/2021 | 07:35am EDT

CIFI Holdings (Group) Co. Ltd. announced that on August 2, 2021, the company, together with its subsidiaries, namely Chongqing Hezhiqi, Chongqing Changhe and Chongqing Project Company entered into the Chongqing Cooperation Agreement with Henderson China Investment and Boham Estate, both indirect wholly-owned subsidiaries of Henderson Land, for the formation of joint venture announcement, Chongqing Project Company is owned as to 99% by Chongqing Hezhiqi and as to 1% by Chongqing Changhe. Pursuant to the Chongqing Cooperation Agreement, Boham Estate proposes to acquire 50% of equity interest in Chongqing Project Company by way of capital increase. Upon the completion of the capital increase, Chongqing Project Company will be owned as to 50% by the Company (through Chongqing Hezhiqi and Chongqing Changhe) and 50% by Boham Estate. Chongqing Project Company will be consolidated into the financial statements of the Group and will undertake the development of the Chongqing Site. The capital commitment currently intended to be payable by the Group for the transactions contemplated under the Chongqing Cooperation Agreement is estimated to be RMB 1,000 million.


ę S&P Capital IQ 2021
All news about CIFI HOLDINGS (GROUP) CO. LTD.
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09/03CIFI : Eyes $1.5 Million From Sale of 30% Stake in Property Developer
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08/27CIFI : Announcement of unaudited interim results for the six months ended 30 june 2021
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08/27CIFI : Raises H1 Dividend on 6.9% Profit Growth
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More news
Analyst Recommendations on CIFI HOLDINGS (GROUP) CO. LTD.
More recommendations
Financials
Sales 2021 86 803 M 13 438 M 13 438 M
Net income 2021 9 073 M 1 405 M 1 405 M
Net Debt 2021 57 997 M 8 979 M 8 979 M
P/E ratio 2021 4,57x
Yield 2021 7,68%
Capitalization 41 575 M 5 341 M 6 436 M
EV / Sales 2021 1,15x
EV / Sales 2022 1,00x
Nbr of Employees 19 649
Free-Float 44,2%
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Technical analysis trends CIFI HOLDINGS (GROUP) CO. LTD.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 25
Last Close Price 5,00 CNY
Average target price 6,14 CNY
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Feng Lin Chief Executive Officer & Executive Director
Xin Yang Chief Financial Officer, Executive Director & VP
Zhong Lin Chairman
Feng Liu General Manager-Operation Center
Tao Yuan Pan Vice President & GM-Investment Center