China Property Developer Agile Group Chairman Chen Zhuolin Sells 2nd Hong Kong 3-Bedroom Apartment at Hamburg Villa for $1.03 Million Incurring Loss of 62% Which was Bought in 2018 for $2.75 Million, Had Sold a 3-Bedroom Apartment at Hamburg Villa in 2024 August for $1.8 Million & Incurring Loss of 53% on $3.9 Million Purchase Price in 2018
9th November 2024 | Hong Kong
China property developer Agile Group Chairman Chen Zhuolin has sold a 2nd Hong Kong 3-bedroom apartment at Hamburg Villa for $1.03 million (HKD 8 million), incurring a loss of 62% on $2.75 million (HKD 21.4 million) purchase price in 2018. In 2024 August, Chen Zhuolin sold a Hong Kong 3-bedroom apartment at Hamburg Villa for $1.8 million (HKD 14.3 million), incurring a loss of 53% on $3.9 million purchase price in 2018. The property was acquired under Joint Smart Development with Chen Zhuolin listed as Director. Agile Group had acquired around 33% of the 33 units in Hamburg Villa. In 2024 May, China property developer Agile Group was unable to pay 2 offshore bonds interest payments with total principal value of $483 million after missing the deadline extension.
“ China Property Developer Agile Group Chairman Chen Zhuolin Sells 2nd Hong Kong 3-Bedroom Apartment at Hamburg Villa for $1.03 Million Incurring Loss of 62% Which was Bought in 2018 for $2.75 Million, Had Sold a 3-Bedroom Apartment at Hamburg Villa in 2024 August for $1.8 Million & Incurring Loss of 53% on $3.9 Million Purchase Price in 2018 “
China Property Developer Agile Group Chairman Chen Zhuolin Sells Hong Kong 3-Bedroom Apartment at Hamburg Villa for $1.8 Million & Incurring Loss of 53% on $3.9 Million Purchase Price in 2018, Property Acquired under Joint Smart Development with Chen Zhuolin Listed as Director, Agile Group Had Acquired Around 33% of the 33 Units in Hamburg Villa
16th August – China property developer Agile Group Chairman Chen Zhuolin has sold a Hong Kong 3-bedroom apartment at Hamburg Villa for $1.8 million (HKD 14.3 million), incurring a loss of 53% on $3.9 million purchase price in 2018. The property was acquired under Joint Smart Development with Chen Zhuolin listed as Director. Agile Group had acquired around 33% of the 33 units in Hamburg Villa. In 2024 May, China property developer Agile Group was unable to pay 2 offshore bonds interest payments with total principal value of $483 million after missing the deadline extension.
China Property Developer Agile Group Unable to Pay 2 Offshore Bonds Interest Payments with Total Principal Value of $483 Million after Deadline Extension, Current Market Value at $380 Million
17th May 2024 – China property developer Agile Group is unable to pay 2 offshore bonds interest payments with total principal value of $483 million after missing the deadline extension. Agile Group current market value is around $394 million (16/5/24: HKD 3.08 billion).
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