China Evergrande announced that because its subsidiary is accepting itInvestigation cannot issue new debt.In addition, the cancellation of debt restructuring meetings due to the fact that the sales situation was less than expected, indicating that the crisis of Evergrande has not been lifted, which affects the market's expectations for the recovery of China's real estate industry.
China Evergrande issued an announcement of overseas debt reorganization announcements on the evening of Sunday (September 24), saying that the group's new bills that the group planned to be issued under the proposed reorganization must abide by the China Securities Regulatory Commission's domestic enterprises abroad abroadThe trial measures for the issuance of securities and listing management and the management measures for medium and long -term foreign debt review and registration issued by the National Development and Reform Commission.
However, the announcement states that, given that Evergrande Real Estate Group Co., Ltd. (the main subsidiary of the company) is being investigated, the current situation of the group cannot meet the qualifications of the issuance of new bills.
The last Friday (September 22) before the announcement was announced, Evergrande said that due to the failure of the sales situation, the cancellation was scheduled to be on Monday (September 25) and Tuesday (September 26) (September 26)A meeting of relevant agreements on the recommended reorganization.
The price of Hong Kong stocks on Monday, Evergrande, plummeted 24%.In addition, China Aoyuan, which has been suspended for more than 17 months, fell more than 69%after resumption of trading.
The Wall Street Journal said that Evergrande's survival plan is disintegrated, indicating that China's current real estate crisis may still deteriorate.
