The sale of Evergrande Property Services (06666.HK) to 00754.HK was not carried out, and the stock resumed trading this morning to reverse its previous four-game rally, falling as low as 4.60 yuan (4.57 yuan for 10 days), closing at 4.79 yuan for half-day, only giving back 6.4 percent, and a sharp increase in half-day trading to 84.76 million shares. Parent company China Evergrande Group (03333.HK) returned to test 10 antennas (2.60 yuan) before resuming trading suspension, with a minimum of 2.55 yuan and a half-day price of 2.63 yuan, down nearly 11 percent, with half-day trading rising to 190 million shares. However, Hesheng resumed trading repeatedly by 5.1% to close at 26 yuan for half a day, and the stock price exceeded 50 days and 20 antennas (25.2 yuan and 25.6 yuan).
China Evergrande New Energy Vehicle (00708.HK) fell for the third day in a row, today's share price fell below 20 yuan (3.25 yuan), as low as 3.01 yuan, half-day close of 3.13 yuan, down 10.6%, half-day turnover of 121 million shares, has exceeded yesterday's full-day trading volume. In addition, Hengteng Network (00136.HK) fell 3.1% to 2.81 yuan in half a day.
China Evergrande Group Group announced last night that there is reason to believe that the transferee has failed to meet the prerequisites for a full offer for Evergrande Property Services shares, and the company exercised its right to rescind / terminate the agreement last Wednesday (13th).
Evergrande also pointed out that the Group has a 30-day grace period after the interest on US dollar bonds issued in the open market matures. So far, the interest grace period for public dollar bonds maturing in September and October 2021 has not expired. In addition, the Group disclosed that the contract sales of the Group's properties have reached 3.65 billion yuan since September 2021. So far, the total contract sales this year has reached 442.3 billion yuan.