China Evergrande Group Share will be suspended from trading on Mondays waiting for the “Inside Information” release, the word developer word is fought without describing.

Evergrande, the most developer in the world, struggled to pay more than $ 300 billion obligations, including nearly $ 20 billion international market bonds which were considered cross-default by the company ranking last month after missed. Payment.

Property developers also missed payment of new coupons worth $ 255 million because of last Tuesday, even though both had a 30-day grace period.

The company has established a Risk Management Committee with many members of state companies and said they would be actively involved with their creditors. Read more

Local media reported during the weekend of the city government on Hainan’s Chinese resort wasland had ordered Evergrande on December 30 to destroy 39 housing buildings within 10 days, due to illegal construction.

Buildings stretched more than 435,000 square meters, the report added, quoted official notifications to the Evergrande unit in Hainan.

Evergrande did not respond to a request for comments on Hainan’s development.

On Friday, Evergrande replers plans to pay investors in its wealth management products, by saying that every investor in its wealth management products can expect to receive 8,000 yuan ($ 1,257) per month as a principal payment for three months regardless of when investment is due .

This step highlights the increasingly deep liquidity extortion in property developers.

“The market is witnessing the progress of the disposal of assets from Evergrande to pay for its debt, but the process will take time,” said Conita Hung, director of investment strategies in the asset management of Tiger Iman.

“And the demolition command in Hainan will hurt the trust of a small house that remains in the company.”

Evergrande said last week 91.7% of his national project had continued construction after three months of effort. Many projects were stopped earlier after developers failed to pay many suppliers and contractors. Read more

Evergrande warehouse shares 89% last year. The Chinese EV unit Evergrande new energy vehicle group reverses the initial losses to rise 6% by Monday morning trade, while the Evergrande service property management unit decreases 3%.