On August 11, there was market news that China Evergrande (03333.HK) was considering selling part of its equity in Evergrande Property (06666.HK) to a consortium led by Vanke.
In this regard, both Vanke and Evergrande told News (www.thepaper.cn) that there is currently no disclosable information.
On the evening of August 10, China Evergrande announced that the company is contacting several potential independent third-party investors to discuss the sale of some of its assets, including but not limited to Sold part of the equity of Evergrande Automobile (00708.HK) and Evergrande Property, a listed subsidiary of the company.
As of the announcement date, no specific plans or formal agreements have been determined or entered into. If such plans or final agreements are implemented, China Evergrande will make a further announcement to notify the market .
Recently, China Evergrande has been caught in various public opinions, such as liquidity shortage, downgrading by international ratings, and announcements by listed companies urging them to make payments.
At the same time, on August 9, there was news from the market that many powerful state-owned and private enterprises are currently cooperating with Evergrande, which is listed in Hong Kong. Automobile and Evergrande Real Estate have in-depth discussions on the issue of equity participation, and it is expected that the cooperation will be implemented soon.
As of the close on the 11th, China Evergrande reported HK$6.33 per share, an increase of 7.84%, and a total market value of HK$83.8 billion; Evergrande Property reported HK$7.3/share, an increase of 8.96 %, the total market value is HK$78.9 billion.