Bullish indicating open at $55-$60, IPO prices at $37
Xinyuan Real Estate Co., Ltd. (NYSE:XIN) announced Friday that it entered into a subscription agreement with Central Plains Ltd. for the issuance and sale of 15,339,280 common shares at a price of $0.10 per share. The transaction was approved by the New York Stock Exchange on Friday. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 4.95, indicating robust ability to meet short-term obligations. The company operates with a moderate debt level, with a debt-to-equity ratio of 0.45.
According to the company’s statement, the common shares were not registered under the Securities Act of 1933 or state securities laws. The offering was conducted under exemptions provided by Section 4(a)(2) and Regulation S of the Securities Act.
The agreement was signed Thursday. Xinyuan Real Estate is based in Beijing and operates in the residential construction sector. This information is based on a press release statement filed with the Securities and Exchange Commission.
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