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[Southern Metropolis Daily] The income of Evergrande on a single day in the country reached 1 billion yuan

 Date:2009.08.24   Publisher:Evergrande Group

Source:Southern Metropolis Daily

It is reported by reporter Luo Siding that 27 premises of Evergrande in 15 cities were launched to the market at the same time on Aug. 23. Among them, the sales amount of two premises, namely, the Chongqing Evergrande Splendor and Baotou Evergrande Palace, reached more than 900 million on the day of opening for sale, which is the No. 1 in the local real estate market. The nationwide sales of Evergrande this time not only improved its market occupation rate, but also improved the operation status of Evergrande, which will pave the way for its successful IPO in Hong Kong.

27 premises in 15 cities are launched to the market at the same time
         Among the 27 projects of Evergrande in 15 cities in the country, 1,596 suites of houses were launched and 709 suites were sold at low prices with the sale amount up to 564,680,000 yuan on the day of opening for sale of Chongqing Evergrande Splendor, covering small high-rise buildings, townhouses, two-family houses and detached houses. 818 suits of houses were launched to the market and 256 suites were sold with the sale amount of 349,540,000 yuan on the opening for sale of Baotou Evergrande Palace. Until 22:00 of Aug. 23, totally 1,129 suites of houses of Evergrande had been sold nationwide with the sale amount of 1.02 billion yuan.
        It is reported that in 24 major cities, including Guangzhou, Chongqing, Shenyang, Wuhan, Xi’an, Nanjing, Tianjin, Kunming, Baotou and Taiyuan, there have been large-scale openings for sale of dozens of projects of Evergrande almost every month in the first half of the year. The initiative action is an important factor for Evergrande to make good sales achievements.


        Evergrande increases its market share, paving the way for its IPO in Hong Kong
        The tactics of “being proactive” improved the operation status of Evergrande Real Estate to a large extent, and paved the say for its successful IPO in Hong Kong The data indicates that the sale amount of Evergrande in the first half of the year is 12.7 billion yuan, and the asset-liability rate decreases to 71%, with great improvement when compared with the asset-liability rate of 95% of 2008. At present, Evergrande has submitted the application for IPO to Hong Kong Stock Exchange. It is estimated by personages in the industry that the IPO of Evergrande can be restarted in next month at the soonest or maybe in October. The financing amount of this IPO is about USD 1-1.5 billio

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