16 C
Athens
Tuesday, October 19, 2021

The Evergrande group "will soon emerge from its darkest moment" says its founder

✚ ATHENS

Municipality of Athens: In Agios Artemios the 7th "pocket" park of Athens

In Agios Artemios, in a densely populated neighborhood of Athens, also known as Gouva, the 7th in a row pocket park of the city was "born". With the...

What will the University be like after the renovation - The project in 20 questions and answers

At the end of 2021, the works for the final renovation of the University begin and are expected to be completed in 12 to 15 months. The budget ...

A new "green" neighborhood in Petralona - The network of "pocket" parks in Athens is growing

By strengthening the network of "pocket" parks, the Municipality of Athens continues to create "green" meeting points for the residents of Athens, in the context of this ...

The INNOVATHENS training program for October

INNOVATHENS, the Innovation & Entrepreneurship Hub of the Technopolis of the Municipality of Athens in Gazi, continues the exciting educational program of workshops and free seminars, specially designed ...

Tennis, Athletics and Self Defense at OPANDA

The registrations for the Sports Learning Academies (tennis, athletics and self-defense) of OPANDA open on Friday 17/09/21, for children 6-15 years old, adults, and candidates ...

The group "will soon emerge from its darkest moment," said the founder of the giant Chinese real estate group Evergrande, which is on the verge of bankruptcy.

The real estate company, which is collapsing under a debt of more than $ 300 billion, equivalent to 2% of China's GDP, is trying to calm the anger of property buyers and investors.

In a letter to staff on the occasion of the Mid-Autumn Festival, Su Jiagin, who founded the group in 1996, wrote that he was "firmly convinced that the Evergrande will soon be able to emerge from the darkest moment." ", reports the financial reference newspaper Securities Times.

He assured that the construction sites will be fully reopened in order to achieve the main goal: to guarantee the delivery of the buildings and "give an answer to buyers, investors, partners and financial institutions".

However it did not expand on how the company would achieve these goals.

Shu also thanked the staff for their hard work, as the last two days were holidays in China.

The announcement came at a time when the Hong Kong Stock Exchange is trying to stabilize the day after a fall of more than 3%, sparked by concerns about Evergrande's possible bankruptcy. The stock markets of mainland China were still closed today due to a holiday.

For its part, after the weekend and yesterday's holiday, Tokyo today recorded a strong decline at the beginning of the session, as did other world stock markets yesterday, including Wall Street.

The Evergrande real estate group acknowledged last week that it was facing "enormous pressure" and warned that it might not be able to meet its financial commitments.

Source: RES-EAP

News bulletin at 11:00

The seismologists are reassuring after the new strong seismic vibration of 6,1 on the Richter scale that occurred at 08:32 in the morning focusing on the submarine ...

A new cycle of mobility in the State begins

The second and last for this year, the second round of the mobility of civil servants begins. With a circular issued by the Ministry of Interior, he lit the "green ...

Tripartite Greece-Egypt-Cyprus - At the "table" the developments in the East. Mediterranean, Cyprus and Libya

The developments in the Eastern Mediterranean, the Cyprus issue, the developments in Libya in the run-up to the elections of December 24, in Syria and Lebanon, are in ...

Al. Condemns the release of Patelis. Tsipras

The release of the "nuclear chief" of Nice of Golden Dawn, George Patelis, is condemned by the president of SYRIZA-PS, Alexis ...

European Foreign Ministers: Reaction options against Ankara are on the table

Towards a drafting document by the European External Action Service (EEAS) on how the European Union could respond ...

Waiting stop at KINAL in view of Papandreou's announcements

They keep a waiting attitude in the Movement for Change after the resurgence of the scenarios for the descent of George Papandreou in the internal party race to claim ...

At the end are Bertomeu's relations with the Euroleague teams

Developments are expected in the Euroleague with the teams meeting without Jordi Bertomeu and the Spanish agent even considering resigning. The Euroleague ...

IT HAPPENS IN ATHENS

"Smart" traffic lights with cameras from November

Traffic lights with wireless red signal violation detector will "photograph" the license plate of the offender and from next month drivers will receive a house ...

Traffic regulations in Athens for the delivery - receipt of the Olympic Flame

Traffic regulations are in force today in Athens, due to the events for the handover ceremony of the Olympic Flame for the Winter Olympic Games "BEIJING ...

Athens Art Festival 2021: October 22–24 in Technopolis

The Athens Art Festival, under the auspices of the Municipality of Athens, comes for the first time in Athens in October 2021, in the Technopolis of the Municipality of Athens, in the hall ...

"Your Pet Day" on Sunday 24/10 in Technopolis

An all-day celebration starring our four-legged friends, is held by the Municipality of Athens in collaboration with YOURPET, the first Greek application for adoptions ...

Costas Bakogiannis announced proposals for a solution to the traffic problem in Athens

The 15 proposals of the Municipality of Athens for dealing with the traffic problem of the capital will be presented at the next meeting of the Municipal Council. The announcement was made ...