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China Evergrande (03333) “Back to A” failed in the deep house backdoor (deep: 000029). Evergrande made an announcement stating that on November 8, 2020 it has decided to end the restructuring plan with Shenzhen Shenzhen Real Estate. Evergrande stressed that the termination of the reorganization will not cause financial pressure on Evergrande. Among the 130 billion RMB of strategic investments, a total investment of 122 billion chose to continue to hold Evergrande shares “, showing full confidence in Evergrande’s development prospects.”. In response to this newspaper’s question, Evergrande pointed out that the details of the deal and buyback will be announced in the near future.
Evergrande’s stock price opened this morning 1.2% higher, then expanded to over 2%, and finally closed at 16.84 yuan, up 2.2%, with revenue of 643 million yuan. A shares of Shenzhen and Shenzhen Real Estate fell more than 4% and the share price rose in the afternoon. At 1:37 pm, Shenzhen and Shenzhen Real Estate jumped 10% to the daily limit of 11.89 yuan (RMB, same below), with sales of around 1.1 billion yuan.
Evergrande said that among the 130 billion strategic investors, 86.3 billion strategic investors have already signed additional deals, agreeing not to request repurchase and continue to hold shares in Evergrande Real Estate; 35.7 billion strategic investors have also negotiated and will sign a supplement According to the agreement, the 5 billion strategic investors are negotiating due to the asset restructuring involving their main shareholders, and the main group of the remaining 3 billion strategic investors has been paid for and will soon be repurchased.
Evergrande sold a building on the 38th to gross a record high of RMB 141.6 billion, see[Pagina successiva]for details
Evergrande previously reported financial difficulties and asked the Guangdong government for help. For details, see[Pagina successiva]
Shenshen Real Estate has also issued an announcement stating that due to the current market environment and other reasons, the conditions to continue to promote major asset restructuring are not yet ripe at this stage. In order to effectively safeguard the interests of the company and all shareholders, the company carefully studied It decided to terminate the transaction. Negotiations at Shenzhen Housing will resume on Monday (November 9).
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[New Stock IPO]Evergrande spin-off of property management business and its listing will be heard next Thursday, eligible shareholders can register first (Second Edition) [Debito di Evergrande]Evergrande prepayed over $ 1.5 billion in senior foreign debt and bills due this year have been fully paid [Evergrande Debt]Before Ant’s IPO, Evergrande was rumored to “push water” to negotiate with banks for a $ 11.4 billion priority mortgage. [Debito di Evergrande]Evergrande’s largest investment, Shandong Expressway, is rumored to demand RMB 23 billion refund due to 2% drop (second edition)Download and use the “Hong Kong Economic Times” app for free and become a member, instantly receive the most accurate financial and current affairs news and a variety of welcome gifts to choose from!
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Publisher: Yuan Nuoxi
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