China Evergrande: total debt is 37 trillion yen!
ーLiquidation lawsuit in Hong Kongー
ーAnnouncement of Debt Restructuring Plan Again Delayedー
January 1, 2023
China Evergrande Group:
The announcement of the offshore debt restructuring plan was scheduled for the end of 2022.
However, it was again not possible to implement it in time.
China Evergrande has a debt of 1.97 trillion yuan (37 trillion yen).
Liquidation lawsuit in Hong Kong:
China Evergrande did not immediately respond to a request for comment.
-Bloomberg
https://www.bloomberg.co.jp/news/articles/2023-01-01/RNSDLPDWX2PS01
China Evergrande : la dette totale est de 37 000 milliards de yens !
ーProcès de liquidation à Hong Kongー
ーL’annonce du plan de restructuration de la dette est à nouveau retardéeー
1 janvier 2023
Groupe Chine Evergrande :
L’annonce du plan de restructuration de la dette offshore était prévue pour fin 2022.
Cependant, il n’a pas encore été possible de le mettre en œuvre à temps.
China Evergrande a une dette de 1 970 milliards de yuans (37 000 milliards de yens).
Procès de liquidation à Hong Kong :
China Evergrande n’a pas immédiatement répondu à une demande de commentaire.
-Bloomberg
China Evergrande: Gesamtverschuldung beträgt 37 Billionen Yen!
ーLiquidationsprozess in Hongkongー
ーAnkündigung des Umschuldungsplans erneut verzögertー
1. Januar 2023
China Evergrande-Gruppe:
Die Ankündigung des Offshore-Schuldenumstrukturierungsplans war für Ende 2022 geplant.
Allerdings war es erneut nicht möglich, diese zeitgerecht umzusetzen.
China Evergrande hat Schulden in Höhe von 1,97 Billionen Yuan (37 Billionen Yen).
Liquidationsprozess in Hongkong:
China Evergrande reagierte nicht sofort auf eine Bitte um Stellungnahme.
– Bloomberg
Evergrande misses overhaul proposal deadline amid talks with creditors China
Evergrande Group
delayed releasing a much-anticipated restructuring plan again,
missing a self-imposed deadline and disappointing creditors seeking to salvage investments.
The world’s most indebted developer has yet to announce its offshore debt-restructuring plans,
falling short on its promise to do so by the end of 2022.
Evergrande didn’t immediately respond
to a request seeking comment during non-business hours.With about 1.97tn yuan ($286bn) of liabilities, the company is facing a winding-up lawsuit in Hong Kong,
while sitting at the heart of a property crisis that’s triggered a flurry of defaults and caused home construction halts across the country.
Evergrande’s fate
has broader implications for China’s $58tn financial system, and could send ripples across banks, trusts and millions of home owners.