Shares Suspended From Trading in Hong Kong: Evergrande Update

Shares Suspended From Trading in Hong Kong: Evergrande Update


(Bloomberg) — China Evergrande Group introduced its shares can be suspended from buying and selling on the Hong Kong inventory alternate on Monday with out giving a cause.

Most Learn from Bloomberg

Cifi Holdings, a Chinese language property developer, supplied to purchase its excellent 5.5% bond due in 2022 at $1,000.5 for every $1,000 in principal quantity plus accrued and unpaid curiosity.

Key Developments:

Evergrande Suspends Buying and selling in Hong Kong (8:58 a.m. HK)

The corporate gave no cause for the buying and selling suspension.

China Evergrande on Friday dialed again cost plans on billions of {dollars} of overdue wealth administration merchandise as its liquidity disaster confirmed little signal of easing.

Developer Cifi Provides to Buy Excellent 5.5% 2022 Bond (7:52 a.m. HK)

Cifi Holdings supplied to purchase the excellent notes at $1,000.5 for every $1,000 in principal quantity plus accrued and unpaid curiosity, it mentioned in an announcement to the Hong Kong inventory alternate.

The Chinese language developer will decide the combination principal quantity of notes that it’ll settle for for buy. The provide to purchase the $505.1 million of notes that stay excellent will expire at 4pm London time on Jan. 7.

Most Learn from Bloomberg Businessweek

©2022 Bloomberg L.P.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *