ICYMI: Evergrande lays small brick in slow rebuilding - ywchen1
China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip - RC170181D4E0got an unexpected reprieve. Instead of flogging holdings at a discount, the distressed real estate developer will restart construction and sales.
Boss Hui Ka Yan hinted this week that “even selling assets dirt cheap would hardly be enough to pay off debts”, the first public indication the company doesn’t own enough to cover $300 billion in liabilities. It might explain why Hui was flogging his own apartments and art collection, to help provide Evergrande with short-term relief.
The government may have come to the same conclusion that it was too late to offload assets. Beijing is probably concerned about the consequences of Evergrande’s sold-but-unbuilt units. Hui’s declarationthat Evergrande will fully resume construction, start to pay suppliers from escrow funds and deliver 600,000 apartments this year leaves a glimmer of hope. Whether monetary and property policies will be eased enough to prop up faltering home sales is a looming dark cloud.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
‘Art of the Brick’ is now at Museum of Science and Industry — from little Legos, eye-popping creationsNow open at the Museum of Science and Industry, “The Art of the Brick” is a visual playground for the young and young at heart, built brick by brick by lawyer-turned-artist Nathan Sawaya.
続きを読む »
Survey finds optimism from Alaska small businesses heading into 2022 after difficult 2 yearsA recent survey found that over 600 small businesses statewide were feeling more optimistic for the year ahead, even as issues related to the pandemic remain a hurdle with 45% of businesses surveyed saying it remains the next most major challenge.
続きを読む »
Breakingviews - Inflation gives Big Tobacco a handy dragRising inflation is giving Big Tobacco a big leg-up. High cigarette taxes mean the price of smokes is less sensitive to rising input costs. Having customers who struggle to say “no” also makes it easier to charge more. Couple that with inflation-wary investors prioritising dividends, and companies like $102 billion British American Tobacco and $164 billion Philip Morris International are on a tear. Cementing those gains requires a post-smoking transition plan.
続きを読む »
Breakingviews - Crypto hangs up its Super Bowl placardSome 100 million Americans will watch the Super Bowl on Sunday. That means 200 million eyeballs on the 30 second spots that are going for as much as $7 million a pop, a record, according to NBC Universal. Among them are three cryptocurrency firms, Coinbase Global , Crypto.com and FTX. If history is any guide, that’s an ominous sign.
続きを読む »
Celebrating record-breaking runner Julia 'The Hurricane' Hawkins' 106th birthdayNothing can stop Julia 'The Hurricane' Hawkins. The 106 year old set a world record last year: She won the title for fastest 100-meter dash in the age 105+ category at the Louisiana Senior Games.
続きを読む »
Ram’s First All-Electric Truck Could Come With a Game-Changing Range ExtenderThe unexpected feature would be a small combustion engine that can recharge the EV’s battery.
続きを読む »