As at Dec 31 2021, the company’s NAV was RMB17.75 per share, or $3.38. Yanlord shares closed at $1.21 on April 21, up 8.04% year to date.
Yanlord Land Group, citing factors driven by the “marketplaces”, has no intention to “intervene” to address the gap between its share price and net asset value.
The China-based, Singapore-listed developer was responding to questions from shareholders ahead of its AGM on April 28, including one which asked if the company is planning any “restructuring initiative” to narrow the “persistent” discount off its NAV.
