Dunxin Financial Holdings Ltd (DXF) Quote

Chutian Financial Holdings (Hong Kong) Limited ("Target"), which is a subsidiary of Dunxin Financial Holdings Ltd., was part of a recent disposition transaction. According to the 6-K filing dated May 13, 2024, Chutian Financial Holdings (Hong Kong) Limited was sold to Jianneng Holdings Limited, and as part of this transaction, Jianneng Holdings Limited assumed all the assets and liabilities of Chutian Financial Holdings (Hong Kong) Limited and its subsidiaries.

this company is due for a bailout!

Dunxin Financial Holdings Limited is one of the leading licensed microfinance lenders in Hubei Province, China. The Company has been granted a microfinance license by the Financial Affairs Office of the Hubei Provincial People's Government to provide loans to individuals, small and medium-sized enterprises. It's awarded as the Vice President Unit of China Micro-credit Companies Association under the China Banking Regulatory Commission in January 2017 and the President Unit of Hubei Micro-credit Company Association in December 2017. In 2016, the Company is recognized as a "National Excellent Microfinance Company" by China Micro-credit Companies Association. It has been named one of the "Top 100 Most Competitive Microfinance Companies in China" by China Microfinance Institution Association for four consecutive years since 2013, an "AA- Credit Rating Enterprise" by China Credit Management Co., Ltd in August 2017, and a "Top 10 Private Enterprises in Wuchang District, Wuhan City" by the People's Government of Wuchang District in July 2017. The Group has a strong capital base and professional credit business experience in microfinance industry.

This baby got hammered, but still holding

people may be trading this on a one day run up !! etrade platform missing candle and trading for fri ,,17th...when this ran to .59
gtlta.

Save room for me mate

im loading the BOOOOOOOOAT

HMMM

BEIJING/HONG KONG, May 17 (Reuters) - China announced "historic" steps on Friday to stabilize its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments.

China unveils 'historic' steps to stabilise crisis-hit property sector

EIJING/HONG KONG, May 17 (Reuters) - China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments.
Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes.
Analysts have long called for the government to step in with its own purchases to prop up a sector which at its peak accounted for a fifth of GDP and remains a major drag on the world's second-biggest economy.
Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had for decades been the preferred savings instrument for the Chinese population.
China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the sector.
China's CSI 300 Real Estate index of shares (.CSI000952), opens new tab jumped 9.1% on the announcements.
"It's a bold step," said Raymond Yeung, chief Greater China economist at ANZ of the measures.
"The biggest problem is whether the government purchase programme will induce private sector demand. Clearing inventory will increase cashflow to developers and help their financial stability, but it does not address private sector confidence."
After waves of support measures over the past two years failed to put a floor under the property sector, China's housing ministry said local governments can instruct state-owned firms to buy "some" homes at "reasonable" prices.
Municipal financing vehicles, blamed for what Beijing calls "hidden debt," won't be allowed to buy.
The homes would be used to provide affordable housing, Vice Premier He Lifeng said, without giving a timeline or a target for the purchases.
He also said local governments, already some $9 trillion in debt, can repurchase land sold to developers, and promised that authorities will "fight hard" to complete stalled projects.
LARGE INVENTORY
China's central bank said it would set up a relending facility for affordable housing that it says would result in 500 billion yuan worth of bank financing. It would also further lower mortgage interest rates and downpayment requirements.
Additionally, it would make another 500 billion yuan available in its pledged supplementary lending facility to support policies including the redevelopment of some urban areas with older dwellings.
Officials did not provide an estimate of the total cost of state-directed housing purchases.

Item 1 of 2 A view of unfinished residential buildings developed by China Evergrande Group in the outskirts of Shijiazhuang, Hebei province, China February 1, 2024. REUTERS/Tingshu Wang/File Photo
[1/2]A view of unfinished residential buildings developed by China Evergrande Group in the outskirts of Shijiazhuang, Hebei province, China February 1, 2024. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights, opens new tab


Goldman Sachs estimates saleable housing inventory at 13.5 trillion yuan at the end of 2023.
There were 391 million square metres (4.2 billion square feet) of new housing for sale in January-April, up 24% year-on-year, the latest official data show.
Analysts at Tianfeng Securities estimate it will cost around $1 trillion to buy the entire stock.
"The policies on clearing inventory are considered quite powerful compared to all previous ones," said a senior executive at a defaulted Shanghai-based developer, speaking on condition of anonymity due to the sensitive nature of the topic.
"Psychologically, it'd let investors think the government is 'paying the bill', and it is shifting the risks from property to banks and local governments."
Since the property market soured in 2021, China has lowered interest rates and down payments, while most cities have eased or removed prior purchase restrictions.
A whitelist developer funding programme for project completion is also struggling to get traction.
And a campaign flagged by Chinese authorities at a key political meeting last month to encourage people to replace their old apartments with new ones is off to a poor start.
Longer-term questions about housing demand persist in a country facing a severe demographic downturn and where 96% of households already own at least one home.
POOR DATA
The stock market's upbeat market reaction to the new measures contrasted with the harsh reality on the ground, highlighted by poor housing data earlier on Friday and a Hong Kong court hearing of a petition seeking the liquidation of embattled developer Country Garden (2007.HK), opens new tab.
The hearing was adjourned for June 11. Another major developer, China Evergrande Group (3333.HK), opens new tab, was ordered to be liquidated in January.
New home prices fell for a 10th consecutive month in April, by 0.6% month-on-month, the fastest decline since November 2014. Separate data showed property investment in the first four months of 2024 falling 9.8% from a year earlier.
Property sales by floor area in January-April logged a 20.2% slide year-on-year, while new construction starts fell 24.6%. Funds raised by developers were also down 24.9% year-on-year.
"Record high housing inventory and liquidity pressure on developers threaten financial stability ... and the still frail economic recovery," said Rocky Fan, economist at Guolian Securities.
"The policies seem to be designed to prevent further fallout of the property crisis, but it will take time to reverse the downward trend."
($1 = 7.2235 Chinese yuan renminbi)
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Reporting by Liangping Gao, Ella Cao and Ryan Woo in Beijing and Clare Jim in Hong Kong; Writing by Marius Zaharia Editing by Shri Navaratnam and Susan Fenton

DXF............................https://stockcharts.com/h-sc/ui?s=DXF&p=W&b=5&g=0&id=p86431144783

Why isn't no one talking about this stock, just wait till Monday

uhhhh i am so mad i shoulda bought more!!!!!!!!!!!!!!!! FAAAAAAKk

On the 6-K did they make an aquisition or did they sell just cant understand this legal bs language

$DXF need new blue lambo money. lfg!

$DXF GO BABY GOOO

what platform are you using of AH data? tia

nice AH movement.

Up 13%

Dxf .31 a/h volume

DYOR

$DXF WAKEY WAKEY :D

https://archive.fast-edgar.com/20240222/AGZ2MG2CZ22FRZS222282ZZ25JEF5Z286262/



Dunxin Financial Holdings Limited (the “Company”) is filing this Report of Foreign Private Issuer on Form 6-K (“Form 6-K”) to correct an inadvertent clerical error in the Company’s Form 6-Ks filed with the Securities and Exchange Commission on November 13, 2023 and December 8, 2023 (the “Original Form 6-Ks”). As previously disclosed by the Company, on November 13, 2023, the Company and its subsidiary Sixiang International Co., Ltd. entered into certain land use right transfer agreement (the “Agreement”) with Ruoyao Wang (“Seller”), to acquire from Seller the land use right of a parcel of land located in Xinzhou District, Wuhan City, China, with a transaction value of RMB 45,982,800 (approximately USD 6,315,971.63) according to a land use right appraisal report. Pursuant to the Agreement, the Company agreed to issue a total of 18,007,046 restricted Class A ordinary shares, $0.00005 par value each, to Seller in exchange for the land use right. The transaction contemplated by the Agreement closed on December 7, 2023.

nevermind! its trading

halted again??WTF

added 2k @.361

$DXF buying continues MFI index overbought because peeps are buying. OBV looking grrreat. CMF all good. pop goes the weasel and the weasel goes pop!

DXF.................................https://stockcharts.com/h-sc/ui?s=DXF&p=W&b=5&g=0&id=p86431144783

Big bids stacking up

$DXF vol was ridic. this one aint over yet imo!

Indeed... just did 0.502... let's see

Moving back up. Volume picking up

reload :D

Looks like it 👍🏼

HALT???????

Another nice day to wake up... crypto running and Dunxin running...

easy moneeeeeeeeee

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173850908&txt2find=dxf

DYNOMITE! https://patch.com/new-hampshire/nashua/jimmie-jj-walker-brings-live-comedy-to-chunky-s

https://twitter.com/search?q=%24DXF&src=typeahead_click

Rose over 135% after hours! And did it quietly.

This Land Use Right Transfer Agreement (the “Agreement”) is entered into by and among [Sixiang International Co., Ltd.] (the “Party A1”) [Dunxin Financial Holdings Limited] (the “Party A2”, or "Dunxin Financial") and [Wang Ruoyao] (the “Party B”)in on Nov 13, 2023.





in view of:



Party A1 is a wholly-owned subsidiary of Party A2 (trading symbol: NYSE:DXF), a company listed on the New York Stock Exchange. Party B is the owner of land use right located in Xinzhou District, Wuhan City, China. Now Party A1 intends to carry out carbon neutral industrial operation by purchase of the land use right held by Party B.



In order to clarify the rights and obligations of both parties, the parties, on the basis of equal, voluntary and friendly negotiation, reach the following agreement on matters related to the transaction.



Article 1. The underlying assets of the transaction



1.1 The underlying assets of the transaction is the real estate (“Land”) located in Xinzhou District, Wuhan City, China (New 20070972, New 20070973) and its land use right (97) M2423008 (hereinafter referred to as "the Land Use Right"). .



1.2 Property area: Land Use Right certificate number is Xin 20070972, Xin 20070973, total construction area is 2,814.93 square meters; the land use certificate number is Xin National (97) M2423008, total area is 29,695.46 square meters (subject to the final real estate right certificate).The permitted purpose of the Land is for commercial use.

added another 2k @ .32 and .3422

added 2k @ .343

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.

china bail out on the way. buckle up

https://www.economist.com/finance-and-economics/2023/11/30/china-edges-towards-a-big-bail-out

dbl bottom off .30! looking good here!

this one is going to POP hard or go BELLY UP?? BETS ANYONE????????????????????????????????

pop goes the weasel and weasel goes pop

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