Evergrande will report to the net loss of tens of billions of RMB today and will resum

China Real Estate Enterprise Evergrande Group will officially resume trading on Monday (August 28) after the suspension of trading for 17 months.In the first half of the year, a net loss of more than 30 billion yuan (the same below, about S $ 5.6 billion).

According to Bloomberg, Evergrande Sunday (August 27) issued an announcement on the Hong Kong Stock Exchange that the net loss of shareholders at the six months as of June 30 reached 33 billion yuan.Prior to this, Evergrande disclosed in the long -post -long financial report that the cumulative loss of more than 580 billion yuan in the past two years was more than 580 billion yuan.

Evergrande has applied for restoration of stock transactions from 9 am on Monday.The company has previously claimed that the internal monitoring system and processes have been basically improved, which is enough to fulfill its responsibilities under the Rules of the Hong Kong Stock Exchange.Evergrande's latest transaction was on March 18, 2022, and the market value at that time fell more than 95%from its peak in 2017.

The announcement issued by Evergrande Sunday also showed that the total net loss of the group reached 39.3 billion yuan during the same period, and the total liabilities as of June 30 were 2.39 trillion yuan, excluding 604 billion yuanContract liabilities.The total liabilities in the first half of the year were 1.78 trillion yuan, higher than 1.72 trillion in 2022.

Evergrande's announcement states that the total assets of the end of June were 1.74 trillion yuan, of which cash, cash equivalent and restricted cash were RMB 13.4 billion.

Bloomberg reports that the above information allows offshore bond holders to have more digestive space when considering Evergrande's debt restructuring plan.Evergrande's default real estate giant also demanded a creditor meeting on Monday to approve its offshore debt restructuring plan.

Evergrande Group first appeared in the US dollar debt default in December 2021. Since then, it has negotiated for reorganization and creditors for nearly two years.