OCT participated in the bidding for more
Posted: Mon Feb 17, 2025 9:28 am
For this reason, this magic failed during the downturn in the real estate market, and even brought double pressure of cultural tourism and real estate to OCT.
It can be seen from the fact that OCT started selling assets in that the company did not start to lack money recently, but there were signs of it a long time ago.
Compared with real estate, Duan Xiannian obviously has more experience lebanon phone number list in cultural and tourism projects. For this reason, Duan Xiannian has encountered a lot of doubts in the development of real estate business.
In April , Zhang Zhengao, the former general manager of Poly, took office as the new head of OCT. As a veteran in the real estate industry for twelve years, Zhang Zhengao established real estate as the largest business of OCT Group and hoped that OCT could become the vanguard of China's real estate industry.
For this reason, in , than plots of land in core areas of core cities such as Beijing, Shanghai, Guangzhou and Shenzhen, and won new projects in cities such as Foshan, Wuxi and Chengdu.
However, since acquiring the Chengdu plot of land in August , OCT has not acquired any land throughout .
The management explained at the shareholders' meeting that it had participated in land acquisition this year, but the competition for good land was fierce. With shrinking cash flow and continued losses, it will be extremely difficult for OCT to achieve its development goals without new land reserves.
It can be seen from the fact that OCT started selling assets in that the company did not start to lack money recently, but there were signs of it a long time ago.
Compared with real estate, Duan Xiannian obviously has more experience lebanon phone number list in cultural and tourism projects. For this reason, Duan Xiannian has encountered a lot of doubts in the development of real estate business.
In April , Zhang Zhengao, the former general manager of Poly, took office as the new head of OCT. As a veteran in the real estate industry for twelve years, Zhang Zhengao established real estate as the largest business of OCT Group and hoped that OCT could become the vanguard of China's real estate industry.
For this reason, in , than plots of land in core areas of core cities such as Beijing, Shanghai, Guangzhou and Shenzhen, and won new projects in cities such as Foshan, Wuxi and Chengdu.
However, since acquiring the Chengdu plot of land in August , OCT has not acquired any land throughout .
The management explained at the shareholders' meeting that it had participated in land acquisition this year, but the competition for good land was fierce. With shrinking cash flow and continued losses, it will be extremely difficult for OCT to achieve its development goals without new land reserves.