On the one hand, the sale of the Evergrande division collapsed, the company’s shares fell sharply

China Evergrande, whose total bonds exceed $ 300 billion (roughly 6.6 trillion K), has repeatedly failed to pay you for years with its bonds. There are concerns that a business failure could have repercussions on the financial system and the economy. According to the BBC server, the founder of the company Chuej Kcha-jen warned that there is no day that the group will be able to fulfill its financial obligations.

China Evergrande has negotiated with Hopson Development to sell its stake in Evergrande Property Services. However, both parties stated in the middle in separate terms for the stock exchange that they could not agree on the terms of the agreement. The value of the transaction was init about 20 billion Hong Kong dollars (56 billion K).

China Evergrande said on Wednesday that it had not made significant progress in selling its assets since selling Zeng’s share in Shengjing Bank for about $ 1.5 billion (K 33 billion).

Beijing has recently dreamed fears of the monch impact of China Evergrande’s sweat. Deputy Prime Minister Liou Che, for example, said on Wednesday that the risks in the real estate market can now be kept under control.

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