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    884   KYG2140A1076

CIFI HOLDINGS (GROUP) CO. LTD.

(884)
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CIFI Holdings Co. Ltd Enters into Foshan Cooperation Agreement with Henderson China Investment and Shanghai Hengchang for the Formation of Joint Venture

07/15/2021 | 06:10am EDT

On 15 July 2021, the CIFI Holdings (Group) Co. Ltd., together with its subsidiaries, namely Guangzhou Xuhui, Foshan Shengxinhong and Foshan Project Company entered into the Foshan Cooperation Agreement with Henderson China Investment and Shanghai Hengchang, an indirect wholly-owned subsidiary of Henderson China Investment, for the formation of joint venture to develop the Foshan Site located in Foshan, the PRC. As at the date of this announcement, Foshan Project Company is wholly-owned by Foshan Shengxinhong, which is in turn wholly-owned by Guangzhou Xuhui. Pursuant to the Foshan Cooperation Agreement, Shanghai Hengchang proposes to acquire 50% of equity interest in Foshan Shengxinhong by way of capital increase. Upon the completion of the capital increase, Foshan Project Company will be indirectly owned as to 50% by the Company (through Guangzhou Xuhui) and 50% by Henderson China Investment (through Shanghai Hengchang). Foshan Shengxinhong and Foshan Project Company will be consolidated into the financial statements of the Group and Foshan Project Company will undertake the development of the Foshan Site.


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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Analyst Recommendations on CIFI HOLDINGS (GROUP) CO. LTD.
More recommendations
Financials
Sales 2021 86 803 M 13 425 M 13 425 M
Net income 2021 9 073 M 1 403 M 1 403 M
Net Debt 2021 58 009 M 8 971 M 8 971 M
P/E ratio 2021 3,64x
Yield 2021 9,63%
Capitalization 33 148 M 5 127 M 5 127 M
EV / Sales 2021 1,05x
EV / Sales 2022 0,92x
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
Sell
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Mean consensus BUY
Number of Analysts 25
Last Close Price 3,99 CNY
Average target price 6,18 CNY
Spread / Average Target 55,0%
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