Evergrande Group
Accelerating the pace of asset disposal
Facing liquidity difficulties.
Evergrande Group
is accelerating the sale of assets.
November 3rd.
Evergrande Group
The official WeChat release said that from July to October this year, the Group completed 546 batches of project deliveries involving 184 projects and 57,462 household owners. Specifically, 105 projects were delivered in July, involving 20,980 households; 85 projects were delivered in August, involving 21,106 households; 48 projects were delivered in September, involving 7,808 households; and 39 projects were delivered in October, involving 7,568 households.
Evergrande Group
Emphasizing that "guaranteeing the delivery of the building" is the top priority, all staff will ensure the quality and progress of the construction with the greatest determination and strength to ensure that the building is delivered on time.
Evergrande Group
The official website shows that on September 1, the group's eight vice presidents led eight "to ensure the delivery of the building" special working group, the chairman of each provincial company and its team members signed the "to ensure the delivery of the building" military order.
On Nov. 4, the HKEx's latest disclosure document showed that after the completion of the sale, on Oct. 18
Evergrande Group
The shareholding in Shengjing Bank decreased from 49.59% to 19.85%.
November 4, at
Evergrande Group
At the internal meeting, Group Board Chairman Hui Ka Yan is understood to have motivated staff by saying, "In the company's difficult times, we need to be more confident that the real estate industry is capital-intensive and requires huge cash flow."
Hui pointed out at the meeting that "in the five and a half years from January 1, 2016 to June 30, 2021, our major expenditures amounted to 5.01 trillion yuan, of which 225 billion yuan in repayment of maturing borrowing principal, 367 billion yuan in payment of interest on borrowing, 221.6 billion yuan in tax payments, 963.4 billion yuan in payment of land, payment of project payments, materials payments and other construction and safety costs of 973.6 billion yuan, and management and marketing expenses of 238.1 billion yuan."
Hui concluded, "Therefore, we must go all out to resume work and production to ensure the delivery of buildings, in order to resume sales, resume normal operations, and repay debts in all aspects."
November 8, China
Evergrande Group
It reduced its stake in Hengteng Network by 200 million shares, returning HK$407 million. Previously, on November 4 and November 5, the
Evergrande Group
Has reduced its holdings by 150 million shares and 180 million shares. The cumulative holding of Hengteng Networks was reduced by 530 million shares in three trading days, returning HK$1.125 billion.
On November 11th, local time, British motor manufacturer Saietta Group announced that it will be moving from the
Evergrande Group
The acquisition of e-Traction, an electric drivetrain company, in the hands of its automotive subsidiary in a deal worth up to 2 million euros (about Rs 14.6 million).
According to the Securities Times, on September 10th of this year, Xu Jiayin was
Evergrande Group
The wealth symposium made it clear that all maturing wealth products should be guaranteed to be paid in full at the earliest possible date, not a penny less. "I may have nothing, but
Evergrande Group
An investor in wealth can't have nothing!"
