Latest Sina Leju Stories

BEIJING, July 4, 2012 /PRNewswire-Asia/ -- Sina Leju today issued a report further commenting on Evergrande real estate. Statements made by Citron Research, a rumored short-seller in the U.S.A., on Evergrande previously resulted in a substantial fluctuation in the stock price. After Evergrande successfully weathered the storm, the stock price stabilized and increased with each passing day. By the close of the market on July 4, the stock price of Evergrande had increased by 3.02%,...

BEIJING, June 29, 2012 /PRNewswire-Asia/ -- Sina Leju today issued a report further commenting on Evergrande real estate. On June 21, Citron released a report of 57 pages, which caused Evergrande to be involved in a short-selling disturbance. In the following 84 hours, Evergrande made a complete and continual response to Citron. Sina Leju notes that the disturbance involved the stock markets of Hong Kong and Mainland China with investment banks worldwide finally coming to the aid of...

BEIJING, June 25, 2012 /PRNewswire-Asia/ -- Sina Leju today issued a report further discussing the support received by Evergrande from leading investment banks. On June 21, Evergrande (HK.3333) started the general counterattack on the sudden attack from Citron Research, a short-seller in the U.S.A. Sina Leju notes that following a brief clarification announcement on the same day, Evergrande published another detailed clarification announcement on the next day, rebutting the short-selling...

BEIJING, June 22, 2012 /PRNewswire-Asia/ -- Citron, an international professional short seller company, published a report with a very sensational conclusion on June 21: Evergrande Group, China's largest real estate company listed in Hong Kong stock market, is insolvent and has been reporting false information to investors in the past. This report suffered severe reprimands from the investors and Evergrande once it was published. The meaning of the report is shorting in the overseas-listed...

BEIJING, May 23, 2012 /PRNewswire-Asia/ -- On May 22, China Real Estate Research Association, China Real Estate Industry Association and China Real Estate Assessment Center jointly released the 2012 Assessment Research Report on Chinese Listed Real Estate Enterprises and the 2010 Comprehensive Strength Ranking of the Top 100 Chinese Real Estate Enterprises. Vanke and Evergrande continued leading the Ranking; plus China Overseas and Poly ranking third and fourth respectively, the...

BEIJING, March 29, 2012 /PRNewswire-Asia/ -- Evergrande has released its 2011 results, which include 11.38 billion yuan of net profits, up 49.9% from 2010 and equal to a per share profit of 0.7671 yuan. The planned distribution is 19 fen per share, up 49.8%. The better than expected results have impressed investment banks, including Citibank and Credit Suisse, which have all raised the target price of Evergrande. Hui Ka Yan, chairman of Evergrande, is upbeat about the prospects of...

BEIJING, March 28, 2012 /PRNewswire-Asia/ -- On March 28, Evergrande released the 2011 annual report in Hong Kong. According to the data, in 2011, Evergrande achieved the annual turnover of 61.92 billion yuan, ranking first among the Mainland real estate enterprises in Hong Kong, with an increase of 35.2% on a year-on-year basis, and achieved the total asset amount of 179.02 billion yuan, with an increase of 71.4% on a year-on-year basis. An original report from Sina Leju follows:...

BEIJING, March 26, 2012 /PRNewswire-Asia/ -- In 2011, the deepening property market policies led to the continued polarization of real estate enterprises and further widening of the gap between different echelons, thereby changing the rankings of the top 10 Chinese real estate enterprises. Recently, two authoritative lists of the industry, top 500 and top 10, were released. On both lists, the first and the second places are the same - Wanke and Evergrande, which rank 1st and 2nd...

BEIJING, March 23, 2012 /PRNewswire-Asia/ -- Over the years, "Poly, China Merchants, Vanke and Gemdale" have been the well-known Four Heavenly Kings in the Chinese real estate industry. However, along with the constant change in the real estate industry, the current real estate pattern has changed deeply. Vanke, Evergrande, China Overseas and Poly have been ranked, and the new "Four Heavenly Kings" have emerged under the re-division of spheres of influence. An original report from...

BEIJING, March 21, 2012 /PRNewswire-Asia/ -- On March 21, the Assessment Report of Top 500 Chinese Real Estate Development Enterprises jointly sponsored by China Real Estate Research Association, China Real Estate Association and China Real Estate Assessment Center was released in Beijing. An original report from Sina Leju follows: According to the Report, Vanke and Evergrande continued ranking in the first and second places in terms of China real estate comprehensive strength...