In Shakespearean Decline, Yang Huiyan's Fortune Crumbles With China's Real Estate Sector
Portfolio Pulse from AJ Fabino
Yang Huiyan, chair of Country Garden Holdings Co Ltd (OTC:CTRYF), has seen her personal wealth decrease by 84% in just over two years due to turbulence in China's property sector. The company anticipates a loss of up to $7.6 billion in the first half of this year, a sharp decline from its reported profit of $264.3 million during the same period last year. The company's liquidity remains weak, as highlighted by Moody's 'very high risk' assessment.
August 11, 2023 | 4:47 pm
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Country Garden Holdings Co Ltd is facing significant financial difficulties, with an anticipated loss of up to $7.6 billion in the first half of this year. The company's liquidity remains weak, as highlighted by Moody's 'very high risk' assessment.
The company's anticipated loss and Moody's 'very high risk' assessment indicate significant financial difficulties. This is likely to negatively impact the company's stock price in the short term.
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