Enterprise Tram Of ‘lord Owes’ Evergrande Warned The Future

The subsidiary specializing in new energy automobile of Evergrande real estate corporation acknowledges, the future will be uncertain that if not early pumped early 9: 00/2: 07 namtheo reuters news agency, September 25, New Emergrande China (Evergrande Nev) company announced, if not invested in strategy or selling assets, the ability to pay salary for employees, suppliers and automobile manufacturing plans of enterprises This will definitely be affected. Before the Bloomberg news agency quoted a source of close sources, Evergrande Nev had missed the second normal payment term (on the 20th of every month) for some middle management At the same time have not paid the factory's equipment for some suppliers. Many equipment suppliers begin to withdraw personnel from Evergrande Nev factories in Shanghai and Guangzhou from the beginning of July. Direct dynamic adjustment of production equipment, overcoming all problems during operation. Now without them, staff of Evergrande Nev, who are empty, have to start their own leads to 1 day to produce a few vehicles for testing, the source said

. New energy car models of Evergrande's subsidiary. Photo - Bloomberg This means that Evergrande's subsidiary is almost unable to achieve the goal of starting the car next year. Evergrande is also struggling to solve huge debt to over 300 billion USD
The second largest real estate delegation China affirmed its own negotiated with domestic shareholders to pay domestic bond interests but still remained silent with short-term bond interest in USD. Last week, China pumped money to the banking system. This is considered a sign that Beijing's support with markets. But the officials are still silent about the case of Evergrande. Chinese state communication also does not reveal even a sign of Beijing's ability to relief. "This is a strange silence, no one wants Risks are too large at this stage, "said Hoe Chung Wan, working at Principal Global Investors (Singapore) that specializes in fixed income in Asia." The crisis at the scale of Evergrande is No precedent ... We will have to follow about about 10 days or more, before China enters the holiday holiday, to see how things will happen, "Mr
Howe said. Tran (According to Reuters , Bloomberg)

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