Country Garden Forced to Liquidate CXMT Stake at Cost, Missing Over 23-Fold Investment Return
According to crypto KOL AB Kuai.Dong (@_FORAB), in September 2021, Country Garden injected 2 billion yuan into CXMT at 2.22 yuan per share, acquiring 901 million shares. At the end of 2024, due to being deeply mired in the real estate liquidity crisis, Country Garden was forced to liquidate all its CXMT equity at the original price, with Hefei state-owned capital taking over. If held to date, the return on this investment would be as high as 23 times.
Hefei state-owned capital continues to bet on CXMT, currently holding 36.79%, with book returns exceeding 1 trillion yuan.
