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(Bloomberg) — China Evergrande Group introduced its shares might be suspended from buying and selling on the Hong Kong inventory trade on Monday with out giving a motive.
Cifi Holdings, a Chinese language property developer, supplied to purchase its excellent 5.5% bond due in 2022 at $1,000.5 for every $1,000 in principal quantity plus accrued and unpaid curiosity.
Key Developments:
- Evergrande Suspends Buying and selling in Hong Kong
- China Builders’ 2022 House-Gross sales Restoration May Be Difficult
- Developer Cifi Gives to Buy Excellent 5.5% 2022 Bond
Evergrande Suspends Buying and selling in Hong Kong (8:58 a.m. HK)
The corporate gave no motive for the buying and selling suspension.
China Evergrande on Friday dialed again cost plans on billions of {dollars} of overdue wealth administration merchandise as its liquidity disaster confirmed little signal of easing.
Developer Cifi Gives to Buy Excellent 5.5% 2022 Bond (7:52 a.m. HK)
Cifi Holdings supplied to purchase the excellent notes at $1,000.5 for every $1,000 in principal quantity plus accrued and unpaid curiosity, it mentioned in an announcement to the Hong Kong inventory trade.
The Chinese language developer will decide the combination principal quantity of notes that it’s going to settle for for buy. The supply to purchase the $505.1 million of notes that stay excellent will expire at 4pm London time on Jan. 7.
©2022 Bloomberg L.P.
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