(Hong Kong/Shanghai Comprehensive News) China Evergrande Group issued an announcement on the Hong Kong Stock Exchange on the evening of Sunday (September 24), showing that Evergrande's overseas reorganization plan was hindered and affected by negative news.The collective fell sharply the next day.
China Evergrande issued an announcement on Sunday stating that, given that the affiliated company Evergrande Real Estate Group is being investigated, the current situation of the group cannot meet the qualifications of the issuance of new bills.
The Finance News Agency reported that the new bill mentioned in Evergrande's announcement was part of the debt repayment "combination boxing" proposed by Evergrande, and it was also the main terms of the reorganization plan with the overseas bond group.Essence
According to the announcement issued by Evergrande in March this year, Evergrande will exchange new bonds to replace raw bonds, with new bonds of 4 to 12 years and annual interest rates of 2%to 7.5%;At the beginning of the year, 0.5%of interest payment and principal.
Affected by the news of the air, the Hong Kong stock "Evergrande" stock on Monday (September 25) opened sharply, and China Evergrande opened more than 14%.7%.Subsequently, the decline continued to expand, China Evergrande fell more than 21%, Evergrande Automobile fell more than 22%, and Evergrande property fell more than 14%.
Evergrande Real Estate announced on August 16th that Evergrande Real Estate Group Co., Ltd. received a notice issued by the China Securities Supervision and Administration Commission on that day.Will decide to file a case against the company.
