https://www.scmp.com/rss/309065/feed Agile Property Holdings Ltd is a Chinese property developer based in Guangdong province. It listed in Hong Kong in 2005 with the stock code 3383. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hainan, China’s tropical island that has been chosen as a free-trade zone, saw sentiment toward its property market swing from hot to cold this past week after authorities closed the door for purchases by non-locals. In a move that suggests zero tolerance for speculation, the provincial government has stipulated that non-locals cannot buy homes in Hainan unless they have paid into the local social security fund for 24 months. In cities like Haikou and Sanya, buyers must prove they have paid... https://www.scmp.com/property/hong-kong-china/article/2143749/heavy-hand-chokes-hainans-real-estate-even-chinas-hawaii?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2143749/heavy-hand-chokes-hainans-real-estate-even-chinas-hawaii?utm_source=rss_feed Sat, 28 Apr 2018 00:01:03 +0000 Beijing imposed restrictions on the purchase of property in Hainan on Sunday night, about a week after it announced an ambitious free-trade zone plan for the island, which is also known as “China’s Hawaii”. In a move that suggests zero tolerance for speculation, the provincial government has stipulated that non-locals cannot buy homes in Hainan unless they can provide official proof that they have paid the local social security fund for 24 months. In the hotspot cities of Haikou, Sanya and... https://www.scmp.com/business/china-business/article/2142899/hainan-restricts-property-ownership-options-non-locals-after?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2142899/hainan-restricts-property-ownership-options-non-locals-after?utm_source=rss_feed Mon, 23 Apr 2018 05:58:36 +0000 The tropical island of Hainan is back in favour among mainland developers, after China rolled out a slew of reforms to transform it into the country’s largest free-trade zone, according to market watchers. President Xi Jinping also unveiled measures to support the development of horse racing and sports lotteries as part of the plan to boost the island’s economy, which has been dubbed as China’s Hawaii, in an announcement over the weekend. “The policies are good. Our team has been looking at... https://www.scmp.com/property/hong-kong-china/article/2142036/plans-transform-hainan-chinas-largest-free-trade-zone-put?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2142036/plans-transform-hainan-chinas-largest-free-trade-zone-put?utm_source=rss_feed Wed, 18 Apr 2018 00:01:31 +0000 Mainland investors’ appetite for property in Hong Kong is showing no signs of abating despite sky-high prices and capital control measures.     Since the second half of last year, deep-pocketed developers from the mainland have shifted from bidding for land to acquiring existing property. In March alone, there were four transactions worth more than HK$3.3 billion (US$420.4 million).  Henry Mok, regional director of capital market at JLL, said the presence of mainland developers in the city will... https://www.scmp.com/property/hong-kong-china/article/2140969/chinese-developers-make-move-secondary-property-market-hong?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2140969/chinese-developers-make-move-secondary-property-market-hong?utm_source=rss_feed Tue, 10 Apr 2018 01:33:00 +0000 The buying by directors rose for the sixth straight week based on filings on the Hong Kong stock exchange from March 20 to 24 with 21 companies that recorded 77 purchases worth HK$99.7 million. The number of firms and trades were sharply up from the previous week’s 15 companies and 61 purchases. The buy value, however, was down from the previous week’s acquisitions worth HK$139 million. The selling, on the other hand, rose for the second straight week with 10 companies that recorded 55 disposals... https://www.scmp.com/business/companies/article/2082229/stock-sales-put-spotlight-huishan-dairy-chairman?utm_source=rss_feed https://www.scmp.com/business/companies/article/2082229/stock-sales-put-spotlight-huishan-dairy-chairman?utm_source=rss_feed Sun, 26 Mar 2017 08:20:17 +0000 Guangdong developer Agile Property said on Wednesday that net profit fell 67.6 per cent to 1.39 billion yuan (HK$1.66 billion) on higher land costs and foreign exchange losses, despite an increase in revenue. The company said it expects margins to improve this year on better sale prices after disposal of low-margin projects. Core profit fell 39.8 per cent to 2.43 billion yuan during the period, while revenue rose 12.2 per cent to 43 billion yuan. China's Guangdong province turns to state firms... https://www.scmp.com/business/article/1929406/agile-property-net-profit-plunges-68-cent-higher-land-costs-forex-losses?utm_source=rss_feed https://www.scmp.com/business/article/1929406/agile-property-net-profit-plunges-68-cent-higher-land-costs-forex-losses?utm_source=rss_feed Wed, 23 Mar 2016 05:53:59 +0000 Stock investors heaved a sigh of relief as Agile Property announced its chairman had been released from house arrest and returned to work yesterday. The supposed release, two months after Chen Zhuolin was first questioned by authorities in Kunming, Yunnan, prompted analysts to raise the short-term target price of the stock even as they cautioned that the longer-term future of the beleaguered mainland developer remained uncertain in view of its disappointing sales and persistent governance... https://www.scmp.com/business/companies/article/1662896/agile-property-shares-44pc-chairman-freed-house-arrest?utm_source=rss_feed https://www.scmp.com/business/companies/article/1662896/agile-property-shares-44pc-chairman-freed-house-arrest?utm_source=rss_feed Mon, 15 Dec 2014 02:00:15 +0000 Embattled mainland developer Agile Property has gained some breathing space over its bank loans by agreeing to go ahead with a delayed rights issue, easing immediate concerns about its fate following the detention of chairman Chen Zhuolin. The Guangdong-based developer, controlled by the Chen family, said in a stock exchange filing on Sunday that lenders including HSBC and Standard Chartered had agreed to extend, for 12 months, up to US$265 million of a US$475 million loan facility maturing in... https://www.scmp.com/property/hong-kong-china/article/1625680/cash-strapped-agile-property-gains-some-credit-breathing?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1625680/cash-strapped-agile-property-gains-some-credit-breathing?utm_source=rss_feed Mon, 27 Oct 2014 02:45:59 +0000 Agile Property Holdings yesterday announced a reduced rights issue to raise funds from a wary market amid signs that the Communist Party's top anti-corruption agency is now investigating the beleaguered company. The developer said it had "lost contact" with an executive director who was overseeing a project in Yunnan province that was now being investigated by the Central Commission for Discipline Inspection. Agile has been embroiled in controversy since reports that it allegedly assisted in... https://www.scmp.com/business/article/1617514/agile-property-launches-fresh-rights-issue-bid-hk16b?utm_source=rss_feed https://www.scmp.com/business/article/1617514/agile-property-launches-fresh-rights-issue-bid-hk16b?utm_source=rss_feed Thu, 16 Oct 2014 03:30:00 +0000 Agile Property Holdings is no stranger to scandal, but the detention of its chairman and founder on the mainland amid allegations of corruption has raised the heat on the Guangdong-based developer to unprecedented levels. Chen Zhuolin has been ordered by the Kunming City People's Procuratorate to stay at a designated residence - a form of house arrest - while investigations continue. Agile said in a filing to the Hong Kong stock exchange on Friday it was not aware of any other information... https://www.scmp.com/business/companies/article/1616456/corruption-probe-puts-heat-agile-property?utm_source=rss_feed https://www.scmp.com/business/companies/article/1616456/corruption-probe-puts-heat-agile-property?utm_source=rss_feed Tue, 14 Oct 2014 21:10:46 +0000 Confirmation that Agile Property chairman Chen Zhuolin has been detained in China has deepened investors' concerns over the cash-strapped developer's ability to repay a US$475 million offshore loan that is maturing in December. Global investment banks such as CLSA and Macquarie immediately slashed their target prices on Agile amid higher risks of potential lawsuits. They also raised concerns about the impact on the property sector if the anti-graft inquiry was extended industry-wide. Shares in... https://www.scmp.com/business/companies/article/1615625/agile-shares-tumble-after-week-long-suspension?utm_source=rss_feed https://www.scmp.com/business/companies/article/1615625/agile-shares-tumble-after-week-long-suspension?utm_source=rss_feed Mon, 13 Oct 2014 03:15:30 +0000 Beleaguered mainland developer Agile Property yesterday called off its HK$2.8 billion rights issue, after Standard & Poor's put its long-term credit rating on negative watch for lack of explanation about its share suspension and growing refinancing risk. "We don't have a clue how long the suspension will last and why. That's the most important issue and the biggest uncertainty," said Bei Fu, a senior property analyst at global ratings agency S&P . Agile shares have been suspended from trading... https://www.scmp.com/property/hong-kong-china/article/1613500/mainland-developer-agile-property-cancels-hk279b-rights?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1613500/mainland-developer-agile-property-cancels-hk279b-rights?utm_source=rss_feed Fri, 10 Oct 2014 02:39:21 +0000 Agile Property Holdings plans to raise about HK$2.79 billion in a rights issue to bolster its financial position, in the second such share issue in the past month by a major Hong Kong-listed Chinese developer. Agile would issue one rights share at HK$4 each for every five existing shares held, the company said in a filing to the Hong Kong stock exchange. The price represents a 31 per cent discount to the stock’s closing price of HK$5.81 on Friday. The company said it would use the proceeds to... https://www.scmp.com/business/banking-finance/article/1597847/agile-property-follows-country-gardens-lead-hk28b-rights?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1597847/agile-property-follows-country-gardens-lead-hk28b-rights?utm_source=rss_feed Mon, 22 Sep 2014 01:59:37 +0000 Chinese developer Agile Property’s interim net profit rose a worse-than-expected three per cent, reflecting challenging conditions in China’s housing market because of Beijing’s austerity measures to rein home prices. The Guangdong-based firm reported net profit of 2.13 billion yuan for the first six months of this year, which was down on a Bloomberg consensus forecast of 2.3 billion yuan. Agile reported a 2.07 billion yuan profit in the year-earlier period. Sales rose 28 per cent to 15.2... https://www.scmp.com/business/companies/article/1296647/china-property-crackdown-holds-back-agiles-1h-profit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1296647/china-property-crackdown-holds-back-agiles-1h-profit?utm_source=rss_feed Wed, 14 Aug 2013 06:48:23 +0000