Hall of Shame

Real Estate

China Aoyuan Group Ltd (3883 HK)

Year: 2020

China Aoyuan Group Limited, formerly China Aoyuan Property Group Limited, is an investment holding company principally engaged in the sales of properties. The Company operates its business through three segments. The Property Development segment is engaged in the development and sale of properties. The Property Investment segment is engaged in the leasing of investment properties. The Others segment is engaged in hotel operation, the provision of consulting and management services. Through its subsidiaries, the Company is also engaged in construction business.

It was listed on the Hong Kong Exchange (HKEx) in September 2007 raising HK$4.19B in its IPO. An additional share offering in July 2009 raised HK$622.80M.

March 3, 2020 A short selling report was published anonymously on a Chinese social media platform (xueqiu.com). 

March 6, 2020 China Aoyuan issued Clarification with a rebuttal of the allegations in the report.

Anonymous: Short Sell Report (Google translated), 3 Mar 2020 (original Chinese version)
China Aoyuan : Clarification Announcement, 6 Mar 2020
China Aoyuan : Annual Report YE Dec. 2019
China Aoyuan : Annual Report YE Dec. 2018
China Aoyuan : Annual Report YE Dec. 2017