The Kaishaoye industry continues to winChinese real estateSelling notes, the company's stock price has plummeted by more than 11% today, and the market value of 10 billion dollars is in jeopardy.

On October 22, China Real Estate issued another announcement. On October 21, the company sold sold notes with a principal amount of 52 million US dollars through a series of market transactions. The total cost was 15.42 million US dollars (without interest), the total interest accrued amount was 166 million Hong Kong dollars, recorded a net loss of 278 million Hong Kong dollars, and recorded a realized net loss of HK$278 million. The issuer of the notes was Kaizhao Industry.

It is worth noting that on October 21, 2021, Chinese Real Estate announced that between October 19 and October 20, 2021 (including the first and last two days), the Group sold sold notes with a total principal amount of 48 million US dollars through a series of transactions in the OTC market at a total cost of 18.307 million US dollars (equivalent to about 143 million Hong Kong dollars) (not including accrued interest) or 20.377 million US dollars (equivalent to about HK$159 million) (including accrued interest).

Among them, the issuer of the note isKaizhaoye GroupThe total amount of proceeds from this sale of Chinese Real Estate was 159 million yuan, and it has recorded a realized loss of HK$226 million. The company plans to initially use the proceeds from the sale as general working capital and take the opportunity to temporarily use it for reinvestment.