Will Greentown really go bankrupt in 2022?

Greenland will go bankrupt in 2022, which is false. Greentown China Holdings Co., Ltd. was established in June, 1995 in Hangzhou, Zhejiang Province, China, and its main business is real estate development. 20 14 China Communications Construction Group Co., Ltd. (hereinafter referred to as "CCCC") acquired 24.288% shares of Song Weiping for HK$ 6 billion, becoming the largest shareholder of Greentown China. In 2006, it was listed on the Hong Kong Stock Exchange with the stock code: 03900. Since its establishment, Greentown China Holdings Co., Ltd. has concentrated its real estate development business in Hangzhou and other cities in Zhejiang Province for quite some time. However, in recent years, Shanghai, Beijing and other national strategic location cities (including Hefei, Anhui Province, Changsha, Hunan Province, Urumqi, Xinjiang Uygur Autonomous Region) have a considerable scale of business and become national real estate developers. The company's target customers are middle-and high-income people in China. The company mainly has three product series: villas, low-rise apartments and high-rise apartments. Villa is usually a detached house, 1 to the second floor; Low-rise apartments are generally 3 to 5 floors; High-rise apartments are generally above 6 floors. The total site area of real estate developed by the company is generally above 150000 square meters, providing clubs, kindergartens, small supermarkets and other different product series and supporting facilities. In addition to residential properties, the company is or plans to develop office buildings and hotel properties in Shanghai, Ningbo, Zhoushan and Hangzhou. The main subsidiary of Greentown China Holdings Limited is Greentown Real Estate Group Limited. The debt ratio of Greentown 20 13 is the most concerned topic in the industry. On the evening of August 25th, Greentown China Holdings Co., Ltd. released the 20 13 interim results announcement. In the first half of the year, the sales amount of Greentown Group reached 32.5 billion yuan, which was 59% of the annual sales target of 55 billion yuan. By the end of June, the debt ratio was 49.5%, which remained at a historically low level. 20 14 Greentown China and China Communications Construction Group Co., Ltd. (hereinafter referred to as "China Communications Group") held a signing ceremony for strategic cooperation. CCCC acquired a 24.288% stake in Song Weiping for HK$ 6 billion, becoming the largest shareholder of Greentown. On May 27th, 2020, the Beijing News reported that last night, Greentown China announced that it had completed the issuance of shares to Xinhubao under the general authorization. At the same time, the board of directors of Greentown China has reviewed and approved the appointment of Wu Wei as a non-executive director by Xinhubao, which will take effect on May 26th. After the delivery, the company holds 323 million H shares of Greentown China, accounting for 65,438+02.95% of the total shares of Greentown China.