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EVERGRANDE Liquidators Have Yet to Find Restructuring Plan for Satisfying Resumption Guidance
Recommend 6 Positive 8 Negative 4 |
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Whilst with the Liquidators have made modest realizations of assets of EVERGRANDE (03333.HK), the Company's liquidity and other internal resources remain limited, EVERGRANDE announced an update on its resumption progress saying. In view of the level of indebtedness and the challenges faced by the Group's business and operations, in the absence of substantial new investment into the Company, the Liquidators do not currently see a path to a restructuring that would enable the Company to satisfy the Resumption Guidance and a resumption of trading in the Shares. Trading in the Company's shares has been suspended with effect from 29 January and will remain suspended. AAStocks Financial News |
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