Fang Holdings Limited
Q4 2020 Earnings Call Transcript

Published:

  • Operator:
    Good day, and thank you for standing by. Welcome to the Q4 2020 Fang Holdings Limited Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. . Please be advised that today's conference is being recorded. . I would now like to hand the conference over to speaker today, Ms. Jessie Yang. Thank you. Please go ahead, ma'am.
  • Jessie Yang:
    Thank you, operator. Hello, everyone, and welcome to Fang Holdings fourth quarter 2020 earnings conference call. Joining us today to discuss Fang's results are CEO, Mr. Jian Liu; and Acting CFO, Mr. Peng Cui. After their prepared remarks, management will answer your questions. Before we get started, I would like to remind you that during the course of this conference call, we may make forward-looking statements, statements that are not historical facts, including statements about our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainty. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Fang assumes no obligation to update the forward-looking statements in this conference call and elsewhere. Potential risks and uncertainties include, but are not limited to those outlined in our public filings with the SEC, including our Form 20-F.
  • Operator:
    We have the first question from the line of Rick Smith from Smith Capital.
  • Unidentified Analyst:
    Hey, how are you? I apologize. I hopped on a couple of minutes late here. Maybe you hit this already. Any comment please on the General Atlantic situation? Thank you.
  • Jian Liu:
    Hi, Jessie. You want to translate?
  • Jessie Yang:
    Yes, I will translate.
  • Jian Liu:
    Hello?
  • Jessie Yang:
    Yes, please go ahead.
  • Jian Liu:
    Thanks, Rick. I’m sorry. Would you repeat your question again?
  • Unidentified Analyst:
    Sure. Can you hear me okay?
  • Jian Liu:
    Now it’s fine, yes.
  • Unidentified Analyst:
    Okay, good. You may have hit this already, I apologize if you did. But can you comment on the General Atlantic situation please? Thank you.
  • Jian Liu:
    Okay. . Jessie, you can translate.
  • Jessie Yang:
    Okay. So I’ll briefly translate management’s response. I believe your question is regarding the privatization offer that we received from General Atlantic in November of last year. Currently, management, including the Board, we are analyzing the offer. And if there are any updates, we will be sure to make press releases as soon as possible. Thank you.
  • Unidentified Analyst:
    Is there any timeline for that, please?
  • Jian Liu:
    No so far. We are still assessing the offer and, yes, it may take some time. And once we have a solution or we have a decision, we will make a public release as soon as possible. So yes, I recommend you to follow our public release. Thanks.
  • Unidentified Analyst:
    Okay. Last thing if I could. Other than -- I mean, look, it’s been a while. It’s been three or four months now, is there a process to sell the company or are we just in a holding pattern and we should expect something hopefully in the next several weeks?
  • Jian Liu:
    At this moment, all I can say is that it’s in process. And once we have the solution, we will make a public release as soon as possible. Thanks. Yes, we will keep -- we’ll try to update you.
  • Operator:
    Thank you. . As there are no further questions, I would like to hand the call back to the presenters for any closing remarks. Thank you.
  • Jessie Yang:
    Thank you, operator. I would like to thank everyone for joining our call today, and we look forward to speaking with you again for our first quarter 2021 earnings call. Thank you.
  • Operator:
    Thank you. This concludes today's conference call. Thank you for participating. You may now disconnect.

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