Your current location is:{Current column} >>Text
China Aoyuan's stock doubled, driven by equity changes and Middle Eastern investment.
{Current column}1People have watched
IntroductionThe share price of China Aoyuan Group Limited (03883.HK) doubled today, with its market value surgin ...
The Exchange rate USD to RMBshare price of China Aoyuan Group Limited (03883.HK) doubled today, with its market value surging nearly HKD 500 million. This rise is mainly attributed to the equity changes announced by the company on September 20, with UAE investment institution Multi Gold Group Limited becoming its strategic investor. According to the announcement, Multi Gold acquired approximately 622 million ordinary shares from Ace Rise Profits Limited, controlled by the company's founder Guo Ziwen. Following this transaction, Mr. Alobeidli, the sole director and beneficial owner of Multi Gold, will assume the role of non-executive director and chairman of the board at China Aoyuan.
Meanwhile, Mr. Guo Ziwen's shareholding decreased to 16.38%, and he is no longer the controlling shareholder of the company, having stepped down from the position of chairman of the board. Despite the influx of Middle Eastern investment and the resulting stock price surge, China Aoyuan still faces financial difficulties. The company reported a full-year loss of CNY 9.641 billion in 2023, with a shareholder-attributable loss of CNY 9.534 billion. However, due to the impact of overseas debt restructuring, the company reported a profit of CNY 22.1 billion in the first half of this year, indicating a slight improvement in its operating conditions.
Despite this, whether China Aoyuan can successfully turn the situation around with the involvement of the Middle Eastern investors remains to be seen by the market.


The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Bank of Japan maintains yield curve control, hikes inflation outlook By
{Current column}-- The Bank of Japan maintained its ultra-dovish stance on Friday and said it will "patiently" conti ...
Read moreThe Dollar Index fell below 99 as fading Treasury appeal triggered capital outflows.
{Current column}On April 21, the dollar index fell below the 99 mark during the trading session, reaching a new low ...
Read moreThe Fed eyes "market
{Current column}Recently, several senior officials, including Federal Reserve Chair Jerome Powell, have increasingly ...
Read more
Popular Articles
- Top 5 things to watch in markets in the week ahead By
- The U.S. dollar's safe
- Japan and the United States have initiated tariff negotiations, not involving currency issues.
- Trump threatens to impose massive tariffs on the EU and Canada.
- Ferrari fever? Classic cars roar into investment funds By Reuters
- Fed January rate cut probability at 11.2%, limited policy adjustments expected.
Latest articles
-
Dollar hobbled by dovish Powell, debt ceiling setback By Reuters
-
PGM Bannered in Shame at Financial Expo: A Full List of the Dirty Tricks Behind PTFX’s “New Skin”
-
ANZ Bank predicts that New Zealand will lower interest rates again to stabilize recovery.
-
Barclays expects a 25
-
Banking Crisis Is How It Starts, Recession Is How It Ends
-
The Fed may pause rate cuts, with 2025's outlook unclear and data key to decisions.