$EVERGRANDE (03333.HK)$$SHENGJINGBANK (02066.HK)$ In a filin...
$EVERGRANDE(03333.HK$ $SHENGJINGBANK(02066.HK$
In a filing to the Hong Kong exchange on Wednesday, Evergrande said it will sell the 1.75 billion shares it owns in Shengjing Bank to the Shenyang Shengjing Finance Investment Group, at 5.70 yuan per share.
In a filing to the Hong Kong exchange on Wednesday, Evergrande said it will sell the 1.75 billion shares it owns in Shengjing Bank to the Shenyang Shengjing Finance Investment Group, at 5.70 yuan per share.
The property giant, which is besieged by its huge $300 billion debt, has been struggling to raise funds as it faces another bond interest payment deadline Wednesday.
Markets are closely watching to see if the firm will meet its $47.5 million interest payment due Wednesday.
The property firm already missed one key $83.5 million coupon payment last week, on an offshore March 2022, $2 billion bond.
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