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Added on the 23/09/2021 14:00:00 - Copyright : EFE Inglés
Shanghai, Sep 23 (EFE/EPA).- Shares of Chinese real estate giant Evergrande listed in Hong Kong soared more than 20 percent in the first few minutes of the trading session on Thursday.At 10 am, after half an hour of trading, the company's shares rose 22.47 percent to HK$2.78 ($0.36 dollars).In the preceding minutes, the company's share price had surged more than 31 percent. (Camera: ALEX PLAVEVSKI).B-ROLL OF THE EVERGRANDE CENTER IN SHANGHAI, CHINA.
Beijing, Oct 7 (EFE/EPA).- The shares of Chinese Estates, an investment company specializing in properties and major shareholder of indebted Chinese real estate giant Evergrande, soared Thursday after announcing an offer that would delist it from the Hong Kong Stock Exchange.At 1:00 p.m. local time (05:00 GMT), each Chinese Estates stock had risen by almost 32 percent. Since the beginning of the year, the value of Evergrande securities listed in Hong Kong has fallen almost 80 percent due to its problems to face the more than $ 300 billion of debt it accumulates and its possible interest default of various 'offshore' bond packages. This will not be made official until 30 days from the expiration date.The group's shares stopped listing Monday due to possible plans, revealed by the official Chinese press of the Cantonese developer Hopson Development to buy 51 percent of the real estate management subsidiary of Evergrande for about $ 5.14 billion.Monday’s revelation of Evergrande’s situation possibly affecting other important players in China’s real estate market led developers such as Fantasia Holdings to announce it had not been able to meet $ 205.7 million payments of some bonds that matured that day. (Camera: ROMAN PILIPEY). SHOT LIST: A SIGN OF FANTASIA HOLDINGS GROUP PROPERTY DEVELOPER, IN BEIJING, CHINA.
Shanghai, Sep 29 (EFE/EPA).- Chinese real estate giant Evergrande on Wednesday announced it would sell a 19.93 percent stake in commercial Shengjing Bank to a state-owned conglomerate for 9.99 billion yuan ($1.55 billion).After the transaction, its stake in Shengjing Bank will drop from 34.5 percent to 14.57 percent, Evergrande said in a statement sent to the Hong Kong Stock Exchange.Evergrande will transfer 1.75 billion non-publicly traded domestic shares to the buyer at a unit price of 5.7 yuan. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF THE EVERGRANDE CENTER IN SHANGHAI, CHINA.
Protesters gathered for a third straight day at the offices of teetering property developer Evergrande in southern China, after a company offer of property and even parking spaces instead of cash pay backs fell flat among anxious investors. IMAGES
Welome to China's Cold War era secret nuclear bunker. Called the 816 Nuclear Military Plant, the former underground fallout shelter and nuclear energy production facility is now recognized as the world's largest man-made cave. Hidden under the mountains in China's Chongqing region, the 816 plant served as the fall-back contingency location for Chinese political and military leadership in case of nuclear war, but the secretive location has now opened its doors to the public for the first time in October.
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