Chinese property group Evergrande says will work toward improving capital flow

September 15, 2021 / www.metalbulletin.com / Article Link

Evergrande Group, one of China's biggest housing companies, said on Tuesday September 14 that it would work toward improving its capital flow to ensure that it does not default on its liabilities.

The assurance came a day after it dismissed rumors that it would file for bankruptcy.
Among the measures, it said that it would revise its schedule of new projects, tighten up its cost controls and promote sales and collection.
Evergrande's financial troubles - it reportedly has some $300 billion of debt - have led steel market participants to expect a slowdown in the seasonal recovery of demand for construction steel.

Evergrande's...

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok