Metro development and sales all year sales has reached the standard

In the first half of this year, the Mainland’s property market has boomed. Metro development (01030) contracted sales of 74.907 billion yuan (RMB) in the first nine months of the year. Chen Weijian, executive director and vice president, said that it has completed its annual sales target of 85 billion yuan. Months will still be fully opened.

According to market statistics, Metro Development has become the 13th largest real estate company in China. With the elimination of this year’s stronghold, the top 20 domestic market share has reached 40%. Chen believes that there will be more development opportunities under the control of the property market, As for the financial impact of the regulation on the company, or in the second quarter of 2019 will not emerge.

Pritchard’s privatization failed earlier. Mr Chan said the proposed privatization of HK $ 3.3 per share was a high share price at that time. However, the stock price soared thereafter. In order to avoid misunderstanding of the making of the market, there was no price increase. Privatization eventually ended up, with respect to the market and small The decision of the shareholders, the instructions received by the major shareholders, is not necessarily after 12 months to re-raise the privatization.