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Goldin Financial Holdings (0530)
21-05-2015, 04:33 PM. (This post was last modified: 21-05-2015, 05:10 PM by CityFarmer.)
Post: #1
Goldin Financial Holdings (0530)
Bloomberg - First Hanergy Now Goldin: Hong Kong Stocks Drop Like Stones

China markets becoming like casino liao, in the end only the house wins...

Sent from my Galaxy Tab S
Virtual currencies are worth virtually nothing.

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21-05-2015, 08:54 PM. (This post was last modified: 21-05-2015, 08:56 PM by soros.)
Post: #2
RE: Goldin Financial Holdings (0530)
"Goldin Fin" closed today at $17.48 down from previous day's close at $30.85. The market cap fell from $210 bil to $122 Bil which means the shareholders lost $88 Bil in one single day.

The NAV = $1.2 per share which suggests the share price still has a long way to fall.

Lets hope the minority public investors recognise the high risk and GET OUT .

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22-05-2015, 11:22 AM.
Post: #3
RE: Goldin Financial Holdings (0530)
Goldin Finance is Hanergy's financial adviser. accorinding to Hanergy's accounement. (from Chinese media)

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22-05-2015, 03:57 PM.
Post: #4
RE: Goldin Financial Holdings (0530)
The Hong Kong SFC and HKSE have their "fair share" of blames, when things go wrong...Big Grin I didn't hear any noise, when the shares surged 500% months ago...Tongue

Hong Kong investors want more oversight after US$35 billion wipeout

HONG KONG (May 22): After US$35 billion in market value was erased from three Hong Kong-listed companies over two days, investors are asking if the city’s regulator should have done more to prevent the sudden selloff.

Goldin Financial Holdings and Goldin Properties Holdings, controlled by billionaire Pan Sutong, plunged more than 40 percent on Thursday.

A day earlier, Hanergy Thin Film Power Group tumbled 47 percent in 24 minutes before trading in the Chinese solar company’s shares was suspended.

The stocks, which had surged at least 500 percent in the 12 months before the rout, can also be bought and sold by mainland investors through an exchange link.

The volatility illustrates the need for regulators to keep pace with the boom in China’s stock markets.

In Hong Kong, the Securities and Futures Commission and the bourse operator share the task of trying to weed out stock manipulation while also encouraging the equity market to play a bigger role in boosting economic expansion.

“Should the stock exchange focus on business or regulation?” Paul Chan, the Hong Kong-based chief investment officer for Asia ex-Japan at Invesco, said.

“It cannot promote and regulate at the same time. The current management definitely wants more growth. When retail investors are upset, they protest. When foreign investors get burnt they will never come back.”
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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25-04-2018, 06:42 PM.
Post: #5
RE: Goldin Financial Holdings (0530)
Hong Kong conglomerate Goldin Financial’s stock soars on plan to sell property worth US$1.6 billion to chairman
Company also plans to buy remaining ownership of grade A office in Kowloon East for HK$5.6 billion from Pan Sutong

Pearl Liu & Laura He
PUBLISHED : Wednesday, 25 April, 2018, 1:19pm
UPDATED : Wednesday, 25 April, 2018, 2:18pm

Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman.

The company’s shares jumped by as much as 17.7 per cent to HK$4.12 when they resumed trading on Wednesday after an 11-day suspension, their biggest intraday gain since February 14 last year. The stock rose amid a 0.84 per cent decline in the Hang Seng Index when news of the sale broke, and closed the morning trade at HK$3.81.

Goldin Financial will sell a 60 per cent stake in a residential project on Sheung Shing Street for HK$6.4 billion, and a 50.1 per cent stake in a residential project at Ho Man Tin MTR station for HK$6 billion, according to a filing to the Hong Kong stock exchange.

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Specuvestor: Asset - Business - Structure.
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