China Evergrande Group called off plans to sell a majority stake in its property-management unit for the equivalent of $2.6 billion, a major setback in the real-estate giant’s attempts to ease its liquidity crunch
The agreement was struck on Oct. 1 and was to be completed by Oct. 12. It was terminated by Evergrande, which said in a regulatory filing that it “had reason to believe…that the purchaser had not met the prerequisite to make a general offer for shares in Evergrande Property Services.” The business is listed in Hong Kong, and securities regulations in the city require a buyer of 30% or more of a public company to make a takeover offer to all its shareholders.
“The company is exploring the options available to it for the protection of its legitimate interests,” Hopson added. Evergrande, China’s most indebted developer, said it hasn’t made much progress unloading its assets, aside from aSales of its apartments, which tumbled over the summer, fell even more sharply in recent weeks, as the company’s widely publicized financial troubles spooked home buyers.
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。
China Evergrande says $2.6 bln stake sale of property services unit falls throughChina Evergrande Group said on Wednesday a deal to sell a 50.1% stake in its property services unit has fallen through, delivering a blow to embattled developer's hopes of avoiding a potentially disruptive default.
続きを読む »
Tesla quarter may hinge on China factory, supply chain costsInvestors will be closely watching Tesla's quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors.
続きを読む »
Russia’s Move to Cut NATO Ties Complicates Biden’s Pivot to ChinaMoscow will withdraw its diplomats and close the alliance’s Russian office following NATO’s expulsion of Russian officials as spies.
続きを読む »
Ericsson plans cut in China ops on Huawei backlash, flags supply chain issuesSweden's Ericsson announced on Tuesday plans to reduce its operations in China after suffering a big sales drop in one of its biggest markets due to retaliation for Sweden's ban on China's Huawei (HWT.UL) from selling 5G gear in the country.
続きを読む »
China says Korea tensions at 'critical stage' as North Korea conducts another missile testThe launch spurred South Korean authorities to voice 'deep regret' over continued weapons tests from the North despite its efforts to smooth over tensions.
続きを読む »