The Hong Kong High Court Monday (January 29)Promote the liquidation order to China Evergrande Group.
Hong Kong media reports such as Sing Tao Daily and the Internet media "Hong Kong 01" reported that China Evergrande Group, which has a total liabilities of more than 2.50 trillion yuan (the same, approximately S $ 470 billion), was earlierApply for liquidation and once prepared a new debt restructuring plan. The liquidation was requested to hear the Hong Kong High Court on Monday morning. After listening to the words of both parties, the judge Chen Jingfen said that the Evergrande debt restructuring plan was not progressing, and the debt was not replaced.Grand Lenic Order.
The court will open a trial in the afternoon to deal with the regulatory order and issue written reasons.If this type of regulation is effective, it means that the court will supervise the liquidation procedure and may include the appointment of the liquidation.
On the occasion of the liquidation order in the morning, the stock of China Evergrande announced its suspension of trading. Evergrande's stock price on Monday morning was 21%of the stock price, and it was reported to HK $ 0.163 before the suspension.To.Evergrande Automobile's suspension of HK $ 0.229 before the suspension of the suspension, falling 18.2%, and HK $ 0.39 before the suspension of Evergrande property, a 2.5%.
China Evergrande Group was invited by a company located in the Pacific Island country last year. Evergrande has always claimed to discuss the debt restructuring plan with major creditors.Essence
China Evergrande later announced that the performance showed that after the company's total losses of 582 billion yuan in the past two years, the liquidation case was originally detained until October 30.Two months after the end, but the last time was the last extension.
When the above case is processed on December 4th, the presencer expressed that the court did not ask the court to issue a liquidation order, and Evergrande requested the re -processing plan.Later to report on January 29 this year.
The Wall Street Journal quoted people familiar with the matter. In the past, Evergrande failed to reach an agreement with its overseas creditors on the weekend and its overseas creditors, facing liquidation risk.
The latest report from Bloomberg said that the lawyer of the Evergrande Bond holder's special group said in the liquidation of the audition that the original invitation was not ready to promote the liquidation.Evergrande issued a new debt restructuring plan in January, striving for new reorganization clauses before late in March.
