[Country Garden Forced to Liquidate Changxin Equity at Cost Price, Missing Out on Over 23x Investment Return] According to Deep Tide TechFlow on July 27, as disclosed by crypto KOL AB Kuai.Dong (@_FORAB), in September 2021, Country Garden invested RMB 2 billion in Changxin at RMB 2.22 per share, acquiring 901 million shares. By the end of 2024, due to being deeply entangled in a real estate liquidity crisis, Country Garden was forced to liquidate all its Changxin equity holdings at the original price, with Hefei State-Owned Assets taking over. If held until now, this investment would have yielded a return of 23x. Hefei State-Owned Assets continues to bet on Changxin, currently holding a 36.79% stake, with a book return exceeding RMB 1 trillion.