Recently, Eggshell Apartments has fallen into bankruptcy. To this, Eggshell Apartments responded on the 16th that “there is no bankruptcy and will not run away”; there are also market rumors that “Eggshell Apartments will be taken over by My Love.”
According to every news, the Beijing Municipal Commission of Housing and Urban-rural Development replied that a special team has been set up for Eggshell Apartments, hoping to resolve the matter smoothly, and the follow-up plan will be announced in time.
It was learned from people familiar with the matter that I love my family is indeed negotiating with Eggshell Apartment to take over, but it has not yet been finalized. “From the current progress of both parties, the takeover has been substantively progressed, and it is proceeding smoothly. The possibility of finalization is very high. Big.”
On January 17, 2020, Eggshell Apartments was listed on the New York Stock Exchange, becoming the first Chinese concept stock listed on the New York Stock Exchange in 2020, with a total market value of approximately US$2.74 billion at the time of listing. Founded in 2015, the company’s product forms cover shared apartments, whole rental apartments, etc., and has now entered 13 cities including Beijing, Hangzhou, and Chengdu.
It is worth noting that while continuing to expand, Eggshell Apartments, which have high operating costs, have been at a loss for a long time. Under the impact of the epidemic, Eggshell Apartments have fallen into the dilemma of low occupancy rates and high default rates. The high operating costs and rent costs have gradually strained the capital chain of Eggshell Apartments and encountered difficulties in operation.
Following yesterday’s surge of 75.18%, the share price of Eggshell Apartment, which is in a “rights protection dispute”, still soared today. After the market opened, the price rose straight to more than 100%. Although there was a drop in the intraday market, it still rose by 90.83% at the close. The stock price has risen by 234.3% in the past two days, and the closing stock price is 4.58 US dollars, and the market value is 840 million US dollars.