|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.85 - 7.20|
|52-week range||6.52 - 67.99|
|Beta (5Y monthly)||1.44|
|PE ratio (TTM)||1.46|
|Forward dividend & yield||0.59 (8.55%)|
|Ex-dividend date||15 Jun 2021|
|1y target est||N/A|
After warning that it might not be able to meet repayments with $82.5m due on Monday, the property giant appears headed for restructuring
Some of China's major property developers are planning to issue asset-backed securities in the near term, a further sign that regulators are marginally broadening financial channels for developers amid Evergrande's debt crisis. China Evergrande, wrestling with debts of more than $300 billion, said on Friday that there was "no guarantee" it would have enough funds to meet debt repayments, prompting the country's top financial regulators to calm the market. Country Garden, the country's top property developer, said on Sunday that the company is considering applying for the issuance of supply chain asset-based securities (ABS) in the near term.
BEIJING (Reuters) -China's Guangdong province on Friday summoned the chairman of China Evergrande Group after the real estate developer said there was "no guarantee" it would have enough funds to meet debt repayments, while regulators sought to reassure markets. Evergrande, once China's top-selling developer, is grappling with more than $300 billion in liabilities, fuelling fears of a potential collapse that could send shockwaves through the country's property sector and beyond. On Friday, the company said in a filing to the Hong Kong stock exchange it had received a demand from creditors to pay about $260 million.