English
Back
Download
Log in to access Online Inquiry
Back to the Top

$EVERGRANDE (03333.HK)$$SHENGJINGBANK (02066.HK)$ In a filin...

$EVERGRANDE (03333.HK)$ $SHENGJINGBANK (02066.HK)$
In a filing to the Hong Kong exchange on Wednesday, Evergrande said it will sell the 1.75 billion shares it owns in Shengjing Bank to the Shenyang Shengjing Finance Investment Group, at 5.70 yuan per share.
The property giant, which is besieged by its huge $300 billion debt, has been struggling to raise funds as it faces another bond interest payment deadline Wednesday.
Markets are closely watching to see if the firm will meet its $47.5 million interest payment due Wednesday.
The property firm already missed one key $83.5 million coupon payment last week, on an offshore March 2022, $2 billion bond.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Translate
Report
14K Views
Comment
Sign in to post a comment
    306
    Followers
    19
    Following
    898
    Visitors
    Follow
    Discussing
    Trump 2.0 countdown: What's the next big opportunity in the markets?
    🎙️️ Discussion: 1. Could Trump's cryptocurrency policies potentially benefit the crypto market? 2. Might his tariff policies have a positiv Show More