|Bid||0.0270 x 0|
|Ask||0.0303 x 0|
|Day's range||0.0280 - 0.0280|
|52-week range||0.0233 - 0.1761|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
More than half of China’s top developers followed Evergrande into default after Beijing moved in 2020 to restrict new borrowing, unravelling a funding model that was built on dollar-denominated high-yield debt and bankrolled by local government financing vehicles. New foundations are needed for the rebuild, paid for with principal haircuts, bond issuance and debt-for-equity swaps.
The proceedings brought by unit Jinbi Property Management Company are related to the enforcement of Evergrande Property Services' deposit pledge of about 13.4 billion yuan. Last week, Evergrande Property Services received a notice from the Guangzhou Intermediate People's Court of Guangdong Province formally accepting the filing of the case. Parent Evergrande had said in February it was in talks with Evergrande Property Services to repay the funds.
(Bloomberg) -- China Evergrande Group’s chief agitator calling for its liquidation is suddenly backpedaling, but the line of creditors who may take up the torch doesn’t end there. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtTreasury Yields Fall With Economic Data in Focus: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsPutin’s Gulf Visit Defies Efforts to Isolate Him Over Wa