The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna).
Jang Chuej-jen, once the richest woman in Asia and the largest shareholder of the Chinese development company, is counting massive losses. The value of her total assets, including shares and other assets, has decreased by $28.8 billion (approximately 631 billion Czech koruna) since June 2021, when she was at the peak. According to the Bloomberg Billionaires Index, this is the largest decrease among all billionaires worldwide in the past two years.
The decline in Country Garden Holdings’ shares is a cause for concern, leading Jang Chuej-jen to hire advisors to help address the company’s troubles. The developer giant will need to strategize and find solutions to reverse the downward trend and regain investor confidence.
The reasons behind the sharp decline in Country Garden Holdings’ shares are not explicitly mentioned in the article. However, it is clear that the company’s performance has been severely impacted, resulting in significant financial losses for its largest shareholder. The article highlights the magnitude of the decline and the personal implications for Jang Chuej-jen, emphasizing the need for prompt action to address the company’s challenges.
What steps can Country Garden Holdings take to reverse the downward trend of its shares and regain investor trust?
Chinese developer giant Country Garden Holdings is facing a distressing situation as its shares continue to plummet. Since the start of the year, the company’s stock has dropped a staggering 63.6 percent. In a significant blow, the shares closed below one Hong Kong dollar for the first time on Friday, falling over six percent to 0.98 (2.75 Czech koruna).
Jang Chuej-jen, who was once the wealthiest woman in Asia and the biggest shareholder of Country Garden Holdings, is now grappling with massive losses. The total value of her assets, including shares and other investments, has plummeted by a staggering $28.8 billion (around 631 billion Czech koruna) since June 2021 when she was at the pinnacle of her wealth. This considerable decrease, according to the Bloomberg Billionaires Index, is the largest among all billionaires worldwide in the past two years.
With the alarming decline in Country Garden Holdings’ shares, Jang Chuej-jen has now sought the assistance of advisors to tackle the company’s troubles. The real estate giant must strategize and find solutions to reverse the downward trend and regain the trust of investors.
While the specific reasons behind the sharp decline in Country Garden Holdings’ shares are not explicitly mentioned in the article, it is evident that the company’s performance has been severely impacted, resulting in substantial financial losses for its largest shareholder, Jang Chuej-jen. The article emphasizes the magnitude of this decline and the personal implications for Jang Chuej-jen, underscoring the urgent need for swift action to address the challenges facing the company.
Wow, I had no idea Country Garden Holdings was facing such a downfall. It’s especially shocking to see the massive losses suffered by Jang Chuej-jen, who was once considered Asia’s wealthiest woman.