Ke Holdings Inc Stock Price, News & Analysis

KE Holdings Inc. (NYSE: BEKE) will hold an extraordinary general meeting of shareholders on November 8, 2021, in Beijing. The key agenda item is the proposed Share Re-designation, where 110,116,275 Class A shares and 47,777,775 Class A shares will be converted to Class B shares. Propitious Global Holdings Limited plans to convert 157,894,050 Class B shares into Class A shares, pending approval. The changes aim to maintain the total number of Class B shares unchanged while preserving the voting power of other shareholders. The record date for the meeting is September 29, 2021.

KE Holdings Inc. (BEKE) reported strong financial results for Q2 2021, with net revenues of RMB24.2 billion (US$3.7 billion), up 20.0% year-over-year. The gross transaction value (GTV) reached RMB1,220.8 billion (US$189.1 billion), marking a 22.2% increase. Notably, GTV from new home transactions surged 32.3% to RMB498.3 billion (US$77.2 billion). Despite challenges from market-cooling measures, net income was RMB1,116 million (US$173 million). The company anticipates Q3 revenues of RMB14.5 billion to RMB15.5 billion, reflecting a potential decline from the previous year.

KE Holdings Inc. (NYSE: BEKE) has announced key management changes, appointing Mr. XU Tao as an executive director and Mr. ZHU Hansong as an independent director on its board. Mr. ZHU also joins the compensation and audit committees. The leadership change aims to strengthen the board’s expertise in financial markets and corporate governance. Mr. ZHU brings significant experience from Goldman Sachs, where he was co-head of China Investment Banking. The CEO, Mr. PENG Yongdong, expressed confidence in the new board members' ability to enhance corporate development.

KE Holdings Inc. (BEKE), a top integrated housing platform, will report its unaudited financial results for Q2 2021 on August 11, 2021, following U.S. market close. Management will host an earnings call at 9:00 PM ET on the same day, accessible through registration. The call will provide insights into the company's performance and future outlook. KE Holdings operates Lianjia, a leading real estate brand in China, and leverages 20 years of experience to enhance housing transactions and services.

KE Holdings Inc. (BEKE) announced that Propitious Global Holdings Limited executed an Irrevocable Proxy and Power of Attorney, granting Baihui Partners L.P. voting rights over 885,301,280 Class B ordinary shares. Propitious is controlled by Z&Z Trust, which benefits Mr. ZUO Hui's family. Mr. PENG Yongdong and Mr. SHAN Yigang, partners in Baihui, have a long-standing relationship with Mr. ZUO Hui, emphasizing their united vision for the Company's future. BEKE is a leader in integrated housing transaction services in China, aiming to enhance industry infrastructure.

KE Holdings Inc. (NYSE: BEKE) has announced an agreement to acquire 100% of Shengdu Home Renovation Co., Ltd. for up to RMB8 billion, comprising cash and equity. The acquisition will occur in stages, pending performance targets and customary closing conditions. Shengdu, established in 2002, is a prominent home renovation provider in East China. The acquisition aims to enhance Beike's service capabilities and standardization within the home renovation sector, responding to the growing demand for quality services amid evolving customer needs. The transaction is projected to close in the first half of 2022.

KE Holdings Inc. (NYSE: BEKE) announced significant changes to its board, appointing Mr. PENG Yongdong as the new chairman, succeeding the late Mr. ZUO Hui. Mr. XU Wangang takes on the role of executive director, filling ZUO's vacancy. The board's audit committee will now include Ms. CHEN Xiaohong, Mr. XU, and Ms. CHEN Yu. To honor ZUO's legacy, he will be recognized as Chairman Emeritus. Additionally, key shareholders have agreed not to sell any shares for the next 365 days, ensuring stability amid these leadership transitions.

KE Holdings Inc. (NYSE: BEKE) announces with sorrow the passing of Mr. Zuo Hui, the founder and chairman, on May 20, 2021. Under his visionary leadership, the company grew into a leading platform for housing transactions and services. Mr. Zuo significantly contributed to the development of the Beike platform and the housing industry in China. The CEO, Peng Yongdong, expressed deep condolences and affirmed the company's commitment to its mission and stakeholders. The board will address corporate governance in the coming weeks.

KE Holdings Inc. (BEKE) reported its Q1 2021 financial results, showcasing remarkable growth. Gross transaction value (GTV) surged to RMB1,069.6 billion (US$163.3 billion), a 224.2% increase year-over-year. Net revenues jumped 190.7% to RMB20.7 billion (US$3.2 billion), with net income of RMB1,059 million (US$162 million). The company’s agent count rose by 41.8% to 528,424, reflecting strong performance in existing and new home transactions. The outlook for Q2 2021 estimates net revenues between RMB22.5 billion and RMB23.5 billion, a growth of 11.7% to 16.7% compared to Q2 2020.