In the recent past, our Evergrande Group can be said to have suffered an unprecedented storm. The stock market has fallen like a waterfall, the market value has dissipated like a smoke cloud, and the Guangzhou team on the soccer field has suffered successive defeats, creating the biggest disgrace in the team's history.
Stock market: good news can't reverse the decline, market value evaporated 6.62 billion in a week
Although on June 29, news about Evergrande's sharp decline in debt flooded the media, with debt falling to about 570 billion yuan, fulfilling the promise made at the beginning of the month, all of this does not seem to have touched the heartstrings of investors. From June 30 to July 8, Evergrande's share price fell for six consecutive days, a staggering decline.
Share price volatility: down nearly 10% in a week, market value shrinks by $6.62 billion
In terms of share price, on June 30, Evergrande's share price closed at 10.12 yuan per share, and by July 8, the share price had fallen to 9.62 yuan per share, a drop of nearly 10%. In terms of total market value, 6.62 billion yuan evaporated in a week.
Soccer: Guangzhou loses fifth straight in AFC Champions League, biggest loss in team history
In soccer, Guangzhou suffered an unprecedented predicament in the AFC Champions League. on July 6, Guangzhou lost to Cerezo Osaka with a huge 0:5 point difference, losing five consecutive matches and conceding 12 goals, which was the biggest loss in the team's history.
Evergrande faces challenges: stock tumbles, ballgame losses, internal and external difficulties
Evergrande Group is now facing unprecedented challenges. The fall in the stock market and the losing streak in the soccer field have undoubtedly brought tremendous pressure to Evergrande. At such a critical moment, Evergrande needs to make quick decisions and take effective measures to stabilize market confidence, which may be more urgent than ever.
