Biiguiyuan Liquidates ChangXin Stake at Original Price, Forgoing 23x Return

According to KOL AB Kuai.Dong, Biiguiyuan liquidated its entire stake in ChangXin at the original price of CNY 2.22 per share in late 2024, abandoning a potential 23-fold return on its CNY 2 billion investment made in September 2021. The move was forced by the real estate company's liquidity crisis, with state-owned Hefei Capital taking over the holding.

Hefei Capital has since accumulated 36.79% of ChangXin, with unrealized gains exceeding CNY 1 trillion.

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