evergrande group

Money-strapped Evergrande Group to promote $1.5 billion stake in Shengjing Financial institution to state agency

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Money-strapped Evergrande Group to promote $1.5 billion stake in Shengjing Financial institution to state agency

[ad_1] Scrambling to keep away from defaulting on its money owed, cash-strapped China Evergrande Group stated on Wednesday it plans to promote a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned asset administration firm. Shengjing Financial institution, one of many essential lenders to Evergrande, had demanded that every one … Read more

Evergrande seeks to reassure retail buyers as key debt deadline looms

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Evergrande seeks to reassure retail buyers as key debt deadline looms

[ad_1] HONG KONG/SINGAPORE: China Evergrande Group will make it a prime precedence to assist retail buyers redeem their funding merchandise bought by the indebted property large, its chairman mentioned, as uncertainty looms over curiosity cost due for a greenback bond on Thursday. Hui Ka Yan’s assertion got here after the developer mentioned on Wednesday it … Read more

Beijing’s silence on Evergrande is spooking world markets

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Beijing’s silence on Evergrande is spooking world markets

[ad_1] Beijing’s silence on Evergrande is spooking world markets | Fortune It’s worthwhile to allow JavaScript to view this web site. [ad_2] Source