Of ourse not declare. Otherwis_老虎社区_美港股上老虎

2021-07-27

Of ourse not declare. Otherwise need to loan again.

Evergrande Board Decides Not to Declare Special Dividend

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Otherwise need to loan again.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/809137530","repostId":1111466962,"repostType":4,"repost":{"id":"1111466962","pubTimestamp":1627348887,"share":"https://www.laohu8.com/m/news/1111466962?lang=&edition=full","pubTime":"2021-07-27 09:21","market":"us","language":"en","title":"Evergrande Board Decides Not to Declare Special Dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=1111466962","media":"Bloomberg","summary":"China Evergrande Group decided against declaring a special dividend, as the debt-laden developer fac","content":"<p>China Evergrande Group&nbsp;decided against declaring a special dividend, as the debt-laden developer faces a slew of negative news from ratings companies, banks and local governments.</p>\n<p>The board decided to cancel the special dividend proposal, according to a statement to Hong Kong stock exchange on Tuesday. It took into consideration the current market environment, the rights of the shareholders and creditors, and the long-term development of businesses, it said.</p>\n<p>Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid dues to suppliers. The world’s most indebted developer has struggled to reassure the market that it has ample ammunition to make good on its borrowings while also countering short-sellers. The builder’s credit rating was cut by S&amp;P Global Ratings late Monday, the third downgrade by a global firm in about a month.</p>\n<p>The decision to forgo the reward to shareholders comes as a surprise. Analysts had earlier reckoned Evergrande may take one of three routes: a cash dividend, a stock dividend or handing out shares in its higher-value listed subsidiaries.</p>\n<p>The last time Evergrande doled out a special dividend, in 2018, its earnings were soaring, though bearish bets abounded then too. 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