Is Greentown really going bankrupt in 222?

The recent news that Greentown China Holdings Limited will go bankrupt in 222 is not true. Since its establishment in 1995, the company has been focusing on real estate development. Headquartered in Hangzhou, Zhejiang Province, it was acquired by China Communications Group and became the largest shareholder. Greentown's business has expanded to many important cities in China, including Shanghai, Beijing, Hefei, Changsha and Urumqi, and its target is customer orientation in the middle and high income groups.

The core business of Greentown includes villas, low-rise apartments and high-rise apartments. The development scale of various types of properties is large, and it is equipped with complete supporting facilities. In addition to residential buildings, the company is also developing office buildings and hotel projects. In mid-213, although the debt ratio caused concern, Greentown's performance was steady, with sales in the first half of the year reaching 32.5 billion yuan, showing its strong sales strength. By then, the net asset-liability ratio remained at a low level, indicating that the company's financial stability.

The strategic cooperation in p>214 further strengthened the strength of Greentown, and the HK$ 6 billion investment of China Communications Group changed its shareholding structure. In 22, Greentown China and the new lake treasure changes in equity were also successfully completed, and the new lake treasure held 12.95% shares in Greentown China. These measures show that Greentown China is still developing and operating steadily, rather than facing bankruptcy.