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    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-03-18 am EDT
1.650 HKD   +8.55%
12/02Evergrande’s Electric Vehicle Arm Halts Mass Production on Lack of Orders
MT
12/02China Evergrande expects to hit 2022 property delivery target
RE
12/01Analysis-Chinese developers' offshore creditors eye bargains; cautious on demand
RE
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Fitch Withdraws Ratings on Evergrande, Subsidiaries

06/02/2022 | 09:32pm EST

By Clarence Leong


Fitch Ratings has withdrawn its credit ratings on China Evergrande Group and two subsidiaries, citing insufficient information.

"Evergrande and its subsidiaries have chosen to stop participating in the rating process," the ratings firm said Thursday in a statement. "Accordingly, Fitch will no longer provide ratings or analytical coverage for Evergrande and its subsidiaries," namely Hengda Real Estate Group Co. Ltd. and Tianji Holding Limited.

In December, Fitch downgraded the debt-laden Chinese property developer to "restricted default" after it failed to make payments on bond coupons before the grace period lapsed. By the end of last year, the world's three largest credit-rating firms all judged the developer to be in default.

Evergrande, China's most-indebted developer, has amassed the equivalent of around $300 billion in liabilities as of June last year, including around $20 billion in U.S. dollar bonds.

The company has reached an agreement with some of its biggest offshore creditors on moving restructuring talks forward, The Wall Street Journal reported in April.


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

06-02-22 2131ET

All news about CHINA EVERGRANDE GROUP
12/02Evergrande’s Electric Vehicle Arm Halts Mass Production on Lack of Orders
MT
12/02China Evergrande expects to hit 2022 property delivery target
RE
12/01Analysis-Chinese developers' offshore creditors eye bargains; cautious on demand
RE
11/29Chinese developers rush to raise funds as Beijing lifts equity sales ban
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11/29Evergrande's Winding-Up Hearing Adjourned; Targets Creditor Support for Restructuring b..
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11/29China Evergrande Sells Commercial Land in Shenzhen for $1 Billion
MT
11/28Evergrande to sell Shenzhen commercial plot for $1.05 billion amid debt woes
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11/28China Evergrande unit to sell Shenzhen commercial plot for $1.05 billion
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11/28Evergrande aims to win approval for restructuring proposals early next year
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11/27Evergrande aims to win approval for restructuring proposals early next year
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More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 474 B 60 896 M 60 896 M
Net income 2021 12 038 M 1 547 M 1 547 M
Net Debt 2021 485 B 62 294 M 62 294 M
P/E ratio 2021 1,82x
Yield 2021 7,06%
Capitalization 21 787 M 2 799 M 2 799 M
EV / Sales 2021 1,07x
EV / Sales 2022 1,03x
Nbr of Employees 163 119
Free-Float 29,5%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 1,65 HKD
Average target price 2,10 HKD
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Shawn Siu Chief Executive Officer & Executive Director
Cheng Qian Chief Financial Officer, Executive Director & VP
Ka Yan Hui Chairman
Shing Yim Chau Independent Non-Executive Director
Qi He Independent Non-Executive Director
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