China Evergrande Soars After Confirming Talks to Sell Assets_老虎社区_美港股上老虎

China Evergrande Soars After Confirming Talks to Sell Assets

Yahoo Finance2021-08-11

(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03333","symbol_name":"中国恒大","start_time":0,"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","article_id":"1116784537","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","pubTimestamp":1628650130,"columns":[],"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"translate_title":"中国恒大在确认出售资产谈判后飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03333":0.9,"CAAS":0.9},"content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":892671980,"gmtCreate":1628659502740,"gmtModify":1633745296000,"author":{"id":"4090758549041910","authorId":"4090758549041910","name":"MoreNmore","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4090758549041910","authorIdStr":"4090758549041910"},"htmlText":"Soar","listText":"Soar","text":"Soar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892671980","repostId":1116784537,"repostType":4,"repost":{"id":"1116784537","kind":"news","pubTimestamp":1628650130,"share":"https://www.laohu8.com/m/news/1116784537?lang=&edition=full","pubTime":"2021-08-11 10:48","market":"hk","language":"en","title":"China Evergrande Soars After Confirming Talks to Sell Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","media":"Yahoo Finance","summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/CAAS\">China</a> Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.</p>\n<p>The discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.</p>\n<p>Evergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.</p>\n<p>The troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.</p>\n<p>Assuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at <a href=\"https://laohu8.com/S/06881\">CGS</a>-CIMB Securities.</p>\n<p>“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”</p>\n<p>Asset Sales</p>\n<p>Potential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande <a href=\"https://laohu8.com/S/NGD\">New</a> Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.</p>\n<p>“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.</p>\n<p>While the EV unit is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.</p>\n<p>Evergrande is struggling to calm the concerns of ratings firms and investors. S&amp;P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&amp;P in less than two weeks and follows similar moves by Fitch and Moody’s <a href=\"https://laohu8.com/S/ISBC\">Investors</a> Services.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande Soars After Confirming Talks to Sell Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116784537","content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892656287,"gmtCreate":1628657828249,"gmtModify":1633745308213,"author":{"id":"3579068755971903","authorId":"3579068755971903","name":"ZAnne","avatar":"https://static.tigerbbs.com/2498160956622b66e7c10ee50c596ba4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579068755971903","authorIdStr":"3579068755971903"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892656287","repostId":1116784537,"repostType":4,"repost":{"id":"1116784537","kind":"news","pubTimestamp":1628650130,"share":"https://www.laohu8.com/m/news/1116784537?lang=&edition=full","pubTime":"2021-08-11 10:48","market":"hk","language":"en","title":"China Evergrande Soars After Confirming Talks to Sell Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","media":"Yahoo Finance","summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/CAAS\">China</a> Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.</p>\n<p>The discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.</p>\n<p>Evergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.</p>\n<p>The troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.</p>\n<p>Assuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at <a href=\"https://laohu8.com/S/06881\">CGS</a>-CIMB Securities.</p>\n<p>“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”</p>\n<p>Asset Sales</p>\n<p>Potential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande <a href=\"https://laohu8.com/S/NGD\">New</a> Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.</p>\n<p>“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.</p>\n<p>While the EV unit is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.</p>\n<p>Evergrande is struggling to calm the concerns of ratings firms and investors. S&amp;P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&amp;P in less than two weeks and follows similar moves by Fitch and Moody’s <a href=\"https://laohu8.com/S/ISBC\">Investors</a> Services.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande Soars After Confirming Talks to Sell Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116784537","content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892659384,"gmtCreate":1628657404248,"gmtModify":1633745312129,"author":{"id":"3572697049328629","authorId":"3572697049328629","name":"Someonelse","avatar":"https://static.tigerbbs.com/565912489d2649d83bea8e52f43f2e6c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3572697049328629","authorIdStr":"3572697049328629"},"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892659384","repostId":1116784537,"repostType":4,"repost":{"id":"1116784537","kind":"news","pubTimestamp":1628650130,"share":"https://www.laohu8.com/m/news/1116784537?lang=&edition=full","pubTime":"2021-08-11 10:48","market":"hk","language":"en","title":"China Evergrande Soars After Confirming Talks to Sell Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","media":"Yahoo Finance","summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/CAAS\">China</a> Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.</p>\n<p>The discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.</p>\n<p>Evergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.</p>\n<p>The troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.</p>\n<p>Assuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at <a href=\"https://laohu8.com/S/06881\">CGS</a>-CIMB Securities.</p>\n<p>“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”</p>\n<p>Asset Sales</p>\n<p>Potential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande <a href=\"https://laohu8.com/S/NGD\">New</a> Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.</p>\n<p>“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.</p>\n<p>While the EV unit is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.</p>\n<p>Evergrande is struggling to calm the concerns of ratings firms and investors. S&amp;P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&amp;P in less than two weeks and follows similar moves by Fitch and Moody’s <a href=\"https://laohu8.com/S/ISBC\">Investors</a> Services.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande Soars After Confirming Talks to Sell Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116784537","content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5492179,"gmtCreate":1628662152331,"gmtModify":1635154489996,"authorId":3574984969067810,"author":{"id":3574984969067810,"idStr":"3574984969067810","authorId":3574984969067810,"name":"Bibi1216","avatar":"https://static.tigerbbs.com/b1a8ad3ac8b4cea5c55d66b9d4074e15","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892659384,"type":1,"supId":0,"prevId":0,"content":"👍🏻","text":"👍🏻","html":"👍🏻"}],"langContent":"EN"},{"id":892630932,"gmtCreate":1628652912126,"gmtModify":1633745347435,"author":{"id":"3574381604982902","authorId":"3574381604982902","name":"Jkan","avatar":"https://static.tigerbbs.com/9e5803c697580c21a815764131d05679","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574381604982902","authorIdStr":"3574381604982902"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892630932","repostId":1116784537,"repostType":4,"repost":{"id":"1116784537","kind":"news","pubTimestamp":1628650130,"share":"https://www.laohu8.com/m/news/1116784537?lang=&edition=full","pubTime":"2021-08-11 10:48","market":"hk","language":"en","title":"China Evergrande Soars After Confirming Talks to Sell Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","media":"Yahoo Finance","summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/CAAS\">China</a> Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.</p>\n<p>The discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.</p>\n<p>Evergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.</p>\n<p>The troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.</p>\n<p>Assuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at <a href=\"https://laohu8.com/S/06881\">CGS</a>-CIMB Securities.</p>\n<p>“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”</p>\n<p>Asset Sales</p>\n<p>Potential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande <a href=\"https://laohu8.com/S/NGD\">New</a> Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.</p>\n<p>“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.</p>\n<p>While the EV unit is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.</p>\n<p>Evergrande is struggling to calm the concerns of ratings firms and investors. S&amp;P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&amp;P in less than two weeks and follows similar moves by Fitch and Moody’s <a href=\"https://laohu8.com/S/ISBC\">Investors</a> Services.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande Soars After Confirming Talks to Sell Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116784537","content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5491284,"gmtCreate":1628654447202,"gmtModify":1635154563046,"authorId":3554848762875033,"author":{"id":3554848762875033,"idStr":"3554848762875033","authorId":3554848762875033,"name":"Ichua","avatar":"https://static.tigerbbs.com/175ebc8e659de3f491645e9236066d54","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892630932,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"},{"id":5491613,"gmtCreate":1628656913183,"gmtModify":1635154536231,"authorId":3583893737218100,"author":{"id":3583893737218100,"idStr":"3583893737218100","authorId":3583893737218100,"name":"Babypegasus","avatar":"https://static.tigerbbs.com/31f55e881f0d486b542cce91a4a8d8be","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892630932,"type":1,"supId":0,"prevId":0,"content":"Pls like","text":"Pls like","html":"Pls like"}],"langContent":"EN"},{"id":892849990,"gmtCreate":1628650290310,"gmtModify":1633745370572,"author":{"id":"3584707074942037","authorId":"3584707074942037","name":"q1n97un","avatar":"https://static.tigerbbs.com/e0a904e202b6ef591c494771da4ac530","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584707074942037","authorIdStr":"3584707074942037"},"htmlText":"soar higher","listText":"soar higher","text":"soar higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892849990","repostId":1116784537,"repostType":4,"repost":{"id":"1116784537","kind":"news","pubTimestamp":1628650130,"share":"https://www.laohu8.com/m/news/1116784537?lang=&edition=full","pubTime":"2021-08-11 10:48","market":"hk","language":"en","title":"China Evergrande Soars After Confirming Talks to Sell Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=1116784537","media":"Yahoo Finance","summary":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/CAAS\">China</a> Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.</p>\n<p>The discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.</p>\n<p>Evergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.</p>\n<p>The troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.</p>\n<p>Assuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at <a href=\"https://laohu8.com/S/06881\">CGS</a>-CIMB Securities.</p>\n<p>“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”</p>\n<p>Asset Sales</p>\n<p>Potential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande <a href=\"https://laohu8.com/S/NGD\">New</a> Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.</p>\n<p>“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.</p>\n<p>While the EV unit is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.</p>\n<p>Evergrande is struggling to calm the concerns of ratings firms and investors. S&amp;P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&amp;P in less than two weeks and follows similar moves by Fitch and Moody’s <a href=\"https://laohu8.com/S/ISBC\">Investors</a> Services.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande Soars After Confirming Talks to Sell Assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande Soars After Confirming Talks to Sell Assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","CAAS":"中汽系统"},"source_url":"https://finance.yahoo.com/news/evergrande-talks-sell-stakes-ev-120506259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116784537","content_text":"(Bloomberg) -- China Evergrande Group’s stock and bonds jumped Wednesday after the company said it’s in talks to sell stakes in two of its units, potentially injecting fresh funds into the cash-strapped property firm.\nThe discussions involve “several independent third-party investors,” the company said in a statement to the Hong Kong exchange late Tuesday. Talks include selling Evergrande stakes in its electric vehicle start-up and property services units.\nEvergrande jumped as much as 12% in Hong Kong, bringing its three-day gain to 26% on expectations the world’s most-indebted developer will ease its cash crunch with asset sales. The electric vehicle and property services stocks also rose for a third day. The firm’s 8.75% dollar bond due 2025 rose 2 cents on the dollar to 45 cents, Bloomberg-compiled prices show.\nThe troubled property giant has been offloading assets and listing units in an attempt to stave off a liquidity crisis, saddled with more than $300 billion in liabilities. Evergrande’s equity and bond holders have been rattled in recent weeks by a slew of reports about wary banks and unpaid bills to suppliers. Last week, a Caixin report saying that creditor lawsuits against Evergrande would be consolidated triggered another slump in the developer’s bonds.\nAssuming Evergrande would maintain control of the auto and property services units, the firm may raise about HK$25 billion ($3.2 billion) from selling minority stakes, said Raymond Cheng, a property analyst at CGS-CIMB Securities.\n“It’s positive for Evergrande,” Cheng said. “We prudently believe that Evergrande bankruptcy risk may not be as high as bond prices suggested.”\nAsset Sales\nPotential sources of future funding include placements for Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd., and initial public offerings for operations including its beverage business, FCB, and amusement park and tourism properties, Fitch Ratings said earlier.\n“Chinese regulators’ recent moves are buying Evergrande time to resolve problems,” said Chuanyi Zhou, a credit analyst at Lucror Analytics, adding in a research note that potential buyers may be linked to state-owned enterprises as other possible bidders are constrained by tight credit.\nWhile the EV unit is one of its better valued assets, it reported a widening preliminary net loss for the first half of about 4.8 billion yuan ($740 million), almost double that of a year earlier, according to a filing late Monday night.\nEvergrande is struggling to calm the concerns of ratings firms and investors. S&P Global Ratings cut Evergrande by two levels to CCC last week, just four notches above the designation for defaulted borrowers. It’s the second downgrade by S&P in less than two weeks and follows similar moves by Fitch and Moody’s Investors Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":59,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}