Vice-Chairmen:

Turning to equity financing for housing enterprises, it was felt that the business was working in the course of the project: “Clisted companies now had a great deal of concern and were not as long as the previous period, but were enthusiastic”.

It will be recalled that at the end of last year, after the issuance of the third arrow, the chewing was suddenly busy with colleagues. They often waged night battles in their offices, telephoned and sent information to homemakers, seeking more clients and helping them with programmes related to equity financing.

However, such a scenario would ultimately be merely a reality. In particular, after spring, the enthusiasm of the business began to cool. Some of the listed companies initially announced a definite increase, but not later. The planned level of financing is also only a figure that has not materialized.

A housekeeper tells the trench that the industry is still not really heating and is undervalued at a time when equity financing is available, as is the case with cheap selling units, and therefore within the company hesitate.

According to the HFA statistics, more than eight of the 134 publicly housed businesses are in a “pure” state, i.e., the net market rate is less than 1. For the time being, the average net market rate for these sample houses is only 0.93.

The net city rate is the ratio of each equity to each net asset. For investors, the lower the net rate of equities, the higher the value of investments, but for market-based businesses, the time when the share is increased is as much as “bottom”.

So far this year, housing enterprises that have truly benefited from the dividends remain a minority. This is related both to strict regulatory clearance and to the impact of a decline in the willingness to finance corporate equity.

Fixed increases

After the “three arrows” were issued, a number of home businesses had expressed their willingness to finance their own equity. However, at present, these subjects, apart from some progress in the planned increases in Vanco, solicitors, etc., are mostly housed, or in eight words, or are stagnant.

Among the first businesses that announced the planned increase, the name of the largest shares has emerged. As early as the end of November last year, it announced that it was planned to issue stocks in private to no more than 35 specific investors. Funding is clearly earmarked, i.e., debt repayment, investment in real estate projects.

However, more than five months have passed, and there has been little vocal appreciation for this financing. On the other hand, it has recently been replaced by a risk alert by an annual audit clearance.

The “conservation, CNDP” has become the driving force for the occupants to express their will, but similar to the gamut, the new lake, the Chinese and Chinese happiness, the North New Road Bridges, etc., have also been shouted, and none of the advance cases have been disclosed.

Resoundingly, the rains are small, and a gun has been trenched.

These houses, which may be busy bonded with an annual report, are temporarily taken into account; perhaps, they were initially enthusiastic and then gradually cooled. How they think, the outside world is not informed.

However, it is clear that the current stock market situation is no more than ever.

It was informed that, at the beginning of December last year, the share of Shige was 11.06 yuan renminbi, leaving only 1.46 yuan renminbi as at 12 May, a decrease of 86.8 per cent, and that the value of happiness in the summer was also reduced from 18.34 to 2.52 yuan renminbi, a decrease of 86.3 per cent. The share of the New Lake, the New North Bridge, has also declined to varying degrees.

During the same period, the gross market share was reduced from 0.41 to 0.26; the net market rate for happiness was also reduced from 8.75 to 0.88. Obviously, the value of companies on the spot was underestimated, and if the shares were to be issued at that time, they were not willing to see them.

Who wants to take advantage of increased equity opportunities to raise a little more money than credit, bond financing, and equity financing does not require too much financing costs. For example, in the case of gross domestic product, its fund-raising programme has increased the share-distribution price.

The purchase of the peat tax-free group has been delayed for three years and has been suspended and resumed. Last March, it launched a new programme.

A number of adjustments have been made to the new programme, which mentions that the trade-to-trade ratio of 100 per cent of the right to tax-exemption in the Hear Sea was set at 8.978 million, a decrease of 26.5 per cent compared to the previous programme, and the highest level of pooled funding, from 800 million to 7 billion, an increase of 75 per cent.

It is also worth noting that it will transfer the prices of the shares from 4.30 to 5.38 yuan renminbi/units and that the pricing benchmark will be 90 per cent of the average price of 20 days to 60 days; and that the distribution of the pool of funds will increase to no more than 35 specific investors.

The net market rate of gross domestic product at the beginning of December last year was 1.39, and has now risen to 2.38; the unit price rose from $6.48 to $800. The choice of adjusting the funding programme during this period may be one step.

In response, at the end of April, the Institute sent a letter of enquiry specifically to it, requesting that it be specified that “the sum of the funds collected and the reasons for the price adjustments” must be given in the event of a gross domestic product.

The launching of equity financing with high valuation points is a consensus in the real estate, as is the port equity market.

In December of last year, an additional round of equity financing was opened, for example, through the construction of international, parks, shinings, Yahoyon, New Town Development and Vision. The advantages of the port unit financing are that it does not require the approval of the regulatory body and is proceeding at a faster pace.

However, over 2023, the subject matter of the distribution unit has become small. They also became particularly cautious when equity prices were rebounded and the value was deposited.

Net breakdown of over eight housing enterprises

In the past two years, the real estate sector has entered the deep-adaptation phase, and the real estate unit is similarly under relatively low valuation, with high equity prices at historically low levels and no longer being hoted by capital markets.

As a result of the market situation, the net market rate of individual housing enterprises has been reduced and the “pure” price of equity has become widespread.

As of 12 May, a total of 110 business enterprises with a net market rate of less than 1 per cent, or 82 per cent. This means that more than eight real estate units are in a “pure” state.

The net market rate for 37 housing enterprises was between 0.5 and 1, while the net rate for municipalities was between 0 and 0.5, as many as 69, with a negative net rate for four enterprises.

In particular, four enterprises at a negative value areST