China Evergrande Group (EGRNF)
| Previous Close | 0.0006 |
| Open | 0.0006 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 0.0006 - 0.0006 |
| 52 Week Range | 0.0002 - 0.1899 |
| Volume | |
| Avg. Volume | 14,585 |
| Market Cap | 928.23M |
| Beta (5Y Monthly) | 0.80 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jun 16, 2021 |
| 1y Target Est | N/A |
- Bloomberg
Debt Market Titans See Fiscal Risks and Rising Defaults
(Bloomberg) -- Apollo Global Management Inc.’s James Zelter is “skeptical” of an economic soft landing. Ares Management LLC co-founder Michael Arougheti is concerned about the risk of a fiscal accident. Defaults will rise in coming years as riskier debt comes due for refinancing, according to Joshua Easterly of Sixth Street Partners LLC and hedge fund manager Hamza Lemssouguer. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock
- Bloomberg
Evergrande Scraps Creditor Meetings, Revisits Restructuring Plan
(Bloomberg) -- China Evergrande Group canceled key creditor meetings that had been set for early next week and said it must reassess its proposed restructuring, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysRaw Meat-Eating Liver King And O
- Reuters
China Evergrande defers scheme meeting to reassess terms of proposed restructuring
"Based on the company's current situation and consultations with its advisors and creditors, the company considers it necessary to reassess the terms of the proposed restructuring to meet the company's objective situation and the demand of the creditors," it said in a filing. Evergrande needs approval from more than 75% of the holders of each debt class to approve the plan, which offers creditors a basket of options to swap debt for new bonds and equity-linked instruments backed by its stocks and those of its Hong Kong-listed units. With more than $300 billion in total liabilities, including offshore debt, Evergrande has been at the centre of a property debt crisis, in which multiple Chinese developers defaulted over the past year, forcing many to enter debt restructuring talks.
