Ke Holdings Inc Stock Price, News & Analysis

BEKE Holdings Inc. (NYSE: BEKE) announced it will release its unaudited financial results for Q1 2022 on May 31, 2022, before U.S. market opens. A conference call is scheduled for 8:00 A.M. Eastern Time the same day. Interested participants must register online in advance. The call will also be available for replay until June 8, 2022. BEKE Holdings operates an integrated platform for housing transactions and services, primarily through its leading real estate brokerage brand, Lianjia.

BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE) has successfully listed its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) under stock code '2423'. The shares are traded in lots of 100 and are fully fungible with the American depositary shares (ADSs) on the NYSE. Chairman Peng Yongdong expressed gratitude to stakeholders and emphasized the company's mission of providing admirable service and enhancing living experiences for families in China.

KE Holdings Inc. (NYSE: BEKE) announced the adoption of a 2022 Global Share Incentive Plan, effective May 5, 2022. Under this plan, 125,692,439 Class A ordinary shares may be issued. The company granted 71,824,250 restricted shares to Chairman Peng Yongdong and 53,868,189 to Executive Director Shan Yigang to recognize their contributions and align their interests with long-term shareholder value. The shares are vested immediately but subject to transfer restrictions, which will be lifted in five annual installments, pending Board approval.

KE Holdings Inc. (NYSE: BEKE) has announced a proposed dual primary listing of its Class A ordinary shares on the Main Board of the Stock Exchange of Hong Kong Limited (SEHK) by way of introduction. The company received in-principle approval on May 4, 2022, with the listing document published on May 5, 2022. Trading is expected to begin on May 11, 2022, under stock code '2423'. The shares listed on the SEHK will be fungible with the American depositary shares listed on the NYSE. Goldman Sachs and China International Capital Corporation are acting as joint sponsors for this listing.

KE Holdings Inc. (NYSE: BEKE) has been identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) since April 21, 2022, due to the inability of the PCAOB to inspect its auditor's work papers for the fiscal year ended December 31, 2021. If this designation continues for three consecutive years, trading of its shares on U.S. exchanges may be prohibited. The company is actively seeking solutions to protect stakeholder interests while complying with regulations in China and the U.S., with a focus on maintaining its NYSE listing.

BEKE Holdings Inc. has completed the acquisition of Shengdu Home Renovation Co., Ltd. for RMB3.92 billion in cash and shares, strengthening its position in the home services market. The deal grants BEKE full ownership of Shengdu, a prominent home renovation provider in China with 20 years of experience and a solid market presence in East China.

This acquisition is expected to enhance BEKE's service offerings and market expansion, leveraging Shengdu's established reputation and operational expertise.

BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the Securities and Exchange Commission on April 19, 2021. This report includes the audited consolidated financial statements. Shareholders and ADS holders can request a free hard copy of the annual report via the Company’s Investor Relations Department. KE Holdings operates Lianjia, a leading real estate brokerage brand in China, enhancing its capabilities in housing transactions and services.

KE Holdings Inc. (NYSE: BEKE) has appointed Mr. WU Jun as an independent director and chairperson of the compensation committee, effective March 29, 2022. WU brings extensive experience in finance and capital markets, having held key positions in various companies including AsiaInfo Holdings. Ms. CHEN Yu will step down as an independent director upon the end of her term, a decision made for personal career pursuits. This change aims to strengthen the company's governance and financial oversight as it navigates the housing transaction market in China.

KE Holdings Inc. (BEKE) reported its financial results for Q4 and fiscal year 2021, revealing a GTV of RMB3.85 trillion (US$604.7 billion), up 10.1% year-over-year. However, Q4 GTV declined 34.6% to RMB732.4 billion (US$114.9 billion). Net revenues for 2021 rose 14.6% to RMB80.8 billion (US$12.7 billion), yet Q4 revenues fell 21.5% to RMB17.8 billion (US$2.8 billion). The company experienced a net loss of RMB525 million (US$82 million) for the year and RMB933 million (US$146 million) in Q4. Looking ahead, BEKE expects Q1 2022 revenues to drop by 39.6% to 44.4% compared to Q1 2021.