$EVER REACH GP (03616.HK)$ Evergrande Real Estate Group, a s...

$EVER REACH GP(03616.HK)$ $中国恒大(ADR)(EGRNY.US)$ Evergrande Real Estate Group, a subsidiary of Evergrande, issued a bond interest payment announcement on Friday, stating that it will pay the interest of the corporate bond “20 Evergrande 05” issued on the 19th; this is different from the other issue of bonds in September, which is resolved through off-exchange negotiation. , The company stated that it will transfer the dividend (redemption) funds in full to the bank account designated by the Shenzhen Branch of China Clearing Corporation two trading days before the interest payment date, and entrust the latter to pay dividends.

The CEO of National Electric Vehicle Sweden Co., Ltd. (NEVS), a subsidiary of Evergrande Group, said that the company is negotiating with venture capital companies and industry partners in the United States and Europe to sell the company. NEVS CEO Stefan Tilk declined to comment on the possible valuation. A person familiar with the matter told Reuters that the company’s valuation could be as high as $1 billion

Article excerpted from Reuters Financial Morning Post