Today news
About the same in other media
08.04 - 15:41
Banks seize $2bn from Evergrande unit as results delayed
Reading now: 567
fnlondon.comBanks have unexpectedly taken control of more than $2bn held by one of China Evergrande Group’s key subsidiaries, as the embattled property developer said neither it nor its main listed units could meet an imminent deadline to publish their annual results.
The move by lenders adds fresh uncertainty to Evergrande’s restructuring. Global bondholders view its two big Hong Kong-listed subsidiaries, which focus on property management and car making, as important sources of potential value for international creditors.
Evergrande...
Read more on fnlondon.comAbout this in other media
US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC cryptonews.com /2 years ago
Bitcoin Miners Set to See a New Difficulty High as 'Tectonic Shifts' Bring 'New Opportunities' cryptonews.com /2 years ago
Evergrande ropes in advisers to review $2bn cash seizure fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
