HK Stock Market Move | GD LAND (00124) has fallen by over 33% again. Since early December, it has fallen by over 60%. GUANGDONG INV has completed the physical distribution of GD LAND shares.

GD LAND (00124) has fallen by more than 33%, with a cumulative decrease of over 60% since the beginning of December. As of the time of writing, it has dropped by 26.43%, trading at 0.167 Hong Kong dollars with a turnover of 1111.99 million Hong Kong dollars. On the news front, GUANGDONG INV has completed the physical distribution of GD LAND shares on January 21, 2025. It is reported that GUANGDONG INV had previously proposed to distribute special dividends to shareholders in the form of physical distribution of GD LAND shares, involving the distribution of 1.261 billion shares, accounting for approximately 73.72% of GD LAND's share capital. After the distribution is completed, GD LAND will no longer be a subsidiary of GUANGDONG INV, and its financial performance will no longer be consolidated into GUANGDONG INV's financial statements. Through this distribution, the major shareholder, Yuehai Holdings, will maintain its 58.26% stake in GUANGDONG INV unchanged, while GUANGDONG INV will no longer hold any shares of GD LAND, making GD LAND and the company sister companies.