US News Evergrandy sells real estate to its creditors
Near Rennes, his theater sells black gold
© West-France Gwenael de Boodt transformed the gas pump from the road between Rennes and Saint-Malo in theater station. Gwenael de Boodt, founder of the theater station in La Mézière, north of Rennes (Ille-et-Vilaine), creates and welcomes art living in an old gas station. The artist highlights the texts of writers, a timeless treasure. On Sunday evening, when it stopped on the road between Saint-Malo and Rennes ( Ille-et-Vilaine ), a lot was full at the essence station of Mézière .
Chinese Real Estate Conglomerate Evergrande, strangled by $ 300 billion debt
ARK Reduces Tesla Participation: Cathie Wood Sells Tesla Shares
The Star Investor Cathie Wood uses the favor of the hour for profit-taking and hit Tesla shares in a three-digit million value. © Provided by finanzen.net Thomas Lohnes / Getty Images • Tesla Share Last in uptrend • Cathie Wood separates from Tesla shares • Cult investor remains Mega-bullish for the E-Auto Group for the Tesla share was not very rosy so far the stock market year 2021.
End of August, the Chinese authorities had summoned Evergrand officials to require that they regulate
"actively" their cash flow problems. Evergrande, one of the largest Chinese private groups, employs 200,000 people and generates 3.8 million jobs in China. Its founder, Xu Jiayin, the fifth fortune of the country, according to the Chinese Specialized Cabinet Hurun, benefited from the real estate speculation that reigns in China to grow by multiplying acquisitions. Victim of the COVID crisis that froze real estate transactions, it is found today in short of liquidity and facing a gigantic debt.
Evergrande does not pay and is silent .
of the highly neglected Chinese real estate company Evergrande has lit the deadline for a pending interest payment of 71.3 million euros in silence. The company had previously stated to pay creditors in the form of real estate. But that too did not happen. Now starts a 30-day period. © AP China Your Browser Does Not Support This Video The fear of the threatening bankruptcy has been spoiled again. Prompt, the share broke 12 percent.