Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Evergrande Group    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

China Evergrande : signs deal with some Hengda investors to ease cash-crunch concerns

09/29/2020 | 07:41am EST
FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong

China Evergrande Group reached a deal on Tuesday with investors holding 86.3 billion yuan ($12.66 billion) of its unit to not ask the debt-laden property developer to repurchase their holdings.

Concerns have mounted in recent days that the country's second-biggest property developer was headed for a major cash crush if it could not get government approval for a restructuring plan for its unit Hengda Real Estate, that has languished for four years.

A leaked document - that Evergrande says is fabricated - last week said the company asked for government help to approve the Hengda restructuring plan, or it would be forced to repay 130 billion yuan raised from investors before Jan. 31 for the Shenzhen backdoor listing.

The company has already finalised talks with investors that hold 15.5 billion yuan of Hengda, it said, and is currently talking to the remainder who hold around 28.2 billion yuan.

Evergrande said under Tuesday's agreement, "investors agreed not to require the repurchase of their equity interests in Hengda Real Estate and will continue to hold their interests."

($1 = 6.8180 Chinese yuan renminbi)

(Reporting by Nikhil Kurian Nainan in Bengaluru, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 1.47% 16.58 End-of-day quote.-23.24%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.07% 6.55415 Delayed Quote.-5.47%
All news about CHINA EVERGRANDE GROUP
03:34aCHINA EVERGRANDE : Evergrande Property eases on HK debut as debt, competition wo..
RE
12/01CHINA EVERGRANDE : Evergrande Property eases on HK debut as debt, competition wo..
RE
11/26CHINA EVERGRANDE : Evergrande Property's Hong Kong IPO meets with lukewarm recep..
RE
11/26CHINA EVERGRANDE : Evergrande Unit Prices IPO Near Low End of Range
DJ
11/26China shares end higher as financials lead rebound
RE
11/26CHINA EVERGRANDE : Evergrande Property Services Hong Kong IPO priced at HK$8.8/ ..
RE
11/25JD Health IPO Adds to Hale and Hearty Hong Kong Market
DJ
11/25EVERGRANDE HEALTH INDUSTRY : China state planner orders probes into NEV projects..
RE
11/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
11/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials
Sales 2020 647 B 83 469 M 83 469 M
Net income 2020 33 544 M 4 327 M 4 327 M
Net Debt 2020 619 B 79 800 M 79 800 M
P/E ratio 2020 6,36x
Yield 2020 6,78%
Capitalization 214 B 27 598 M 27 600 M
EV / Sales 2020 1,29x
EV / Sales 2021 0,89x
Nbr of Employees 131 615
Free-Float 14,9%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 20,16 HKD
Last Close Price 16,58 HKD
Spread / Highest target 92,3%
Spread / Average Target 21,6%
Spread / Lowest Target -8,41%
EPS Revisions
Managers
NameTitle
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Ka Yan Hui Chairman
Da Rong Pan Chief Financial Officer & Executive Director
Dong Feng Chen Head-Information
Sector and Competitors
1st jan.Capitalization (M$)
CHINA EVERGRANDE GROUP-24.35%28 323
CHINA VANKE CO., LTD.-4.60%52 475
VONOVIA SE18.17%38 690
CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO., LTD.-26.22%17 182
DEUTSCHE WOHNEN SE12.77%17 018
GREENLAND HOLDINGS CORPORATION LTD-7.34%11 980