Weekly stock recap: Financial Street (000402) guarantees RMB 950 million for a subsidiary; “22 Jin Street 01” fully put

As of the 28 March 2025 close, Financial Street (000402) finished at RMB 2.87, down 3.37% from RMB 2.97 last week. This week’s high was RMB 2.98 on 24 March and the low RMB 2.84 on 25 March. Market cap stands at RMB 8.578 billion, ranking 36/92 in real-estate development and 1806/5139 among A-shares.

This week’s focus

• Company announcements: Financial Street will guarantee up to RMB 950 million for wholly owned subsidiaries with a gearing ratio of no more than 70%.
• Company announcements: The “22 Jin Street 01” bond was fully put for RMB 1.1 billion and delisted from the Shenzhen Stock Exchange.

Company announcements

Financial Street Holdings issued several material announcements:

Guarantee for a wholly owned subsidiary’s debt financing

The company will guarantee up to RMB 950 million of financing for wholly owned Beijing Jinshenghui Real Estate. The matter was approved and the guarantee quota adjusted. As of the announcement date, RMB 950 million of the quota for subsidiaries with gearing below 70% had been used, with RMB 5.76 billion unused. Jinshenghui has registered capital of RMB 751 million and engages in property development, investment and property management. A guarantee contract with ABC Beijing Xicheng Branch provides joint and several surety.

Put result and delisting of “22 Jin Street 01”

Under the offering circular, holders could register from 14 to 18 February 2025 to put all or part of “22 Jin Street 01” to Financial Street Holdings at RMB 100 per unit, with payment on 28 March 2025. The put was in full: 11,000,000 units, RMB 1.1 billion, zero remaining. The bond was delisted from the Shenzhen Stock Exchange on 28 March 2025.