ChainCatcher reported, citing crypto KOL AB Kuai.Dong (@_FORAB), that Country Garden invested RMB 2 billion in ChangXin in September 2021 at RMB 2.22 per share, receiving 901 million shares. By the end of 2024, with the developer caught in a real estate liquidity crisis, it was forced to sell its entire ChangXin stake at the original purchase price. The buyer was Hefei state-owned capital, according to the post. AB Kuai.Dong said that if Country Garden had kept the stake until now, the investment would have generated a 23x return. The post also said Hefei state-owned capital has continued to increase its bet on ChangXin and now holds 36.79%, with paper gains exceeding RMB 1 trillion. The information was attributed to AB Kuai.Dong in a ChainCatcher newsflash.
ChainCatcher reported, citing crypto KOL AB Kuai.Dong (@_FORAB), that Country Garden invested RMB 2 billion in ChangXin in September 2021 at RMB 2.22 per share and received 901 million shares.
According to AB Kuai.Dong, Country Garden sold its entire ChangXin stake at the original purchase price by the end of 2024 after falling into a real estate liquidity crisis. The buyer was Hefei state-owned capital. Had the company held the stake until now, the return would have reached 23x, the post said.
AB Kuai.Dong also said Hefei state-owned capital has continued to bet on ChangXin, currently holding 36.79%, with paper gains of more than RMB 1 trillion.
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