MARKET

EVGPY

EVGPY

Evergrande Prope
OTCPK
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NaN%
Closed 09:30 03/28 EDT
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52 WEEK HIGH
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52 WEEK LOW
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Countdown to Crisis: Evergrande In Last Minute Talks with Major Creditors To Avert Liquidation
Chinese property giant evergrande group and major foreign creditors are negotiating a last-minute deal to avoid liquidation of offshore businesses. The proposed deal involves offering creditors approximately 20% ownership of its parent company. Chinese regulators had previously blocked a previous restructuring attempt vetoed by the company. The company has been central to china's property crisis.
Benzinga · 12/01/2023 17:25
About EVGPY
Evergrande Property Services Group Ltd is a China-based company principally engaged in providing comprehensive property management services. The Company manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. The Company has been contracted to manage other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others. The Company also provides value-added services to non-property owners, as well as community value-added services. Its value-added services to non-property owners include preliminary property management services, pre-delivery services, repair and maintenance services, as well as property transaction assistance services. Its community value-added services include community operations services, community asset management services and community living services such as housekeeping, home furnishing, and repair and maintenance.

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