echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Paints and Coatings Market > The land of Evergrande Anqing No. 1 project was taken back by the government due to arrears!

    The land of Evergrande Anqing No. 1 project was taken back by the government due to arrears!

    • Last Update: 2021-09-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    On September 22, the official website of the Anqing Land Acquisition and Reserve Center of Anhui Province issued an announcement stating that because Anqing Yuetong Real Estate Co.
    , Ltd.
    owed the land transfer fee, the Anqing Municipal People’s Government had cancelled the right to use the state-owned construction land for the Evergrande Central Park project in accordance with the law.
    Assignment contract
    .
    The announcement stated that in order to fully understand the debt and creditor rights of the plot and provide accurate information support for relevant audits, the debt creditors directly associated with the plot (bring a copy of the relevant information and affix the official seal) are requested to work 5 work from the date of this announcement.
    Go to the Anqing City Land Acquisition and Reserve Center to register within days, and the debt will be deemed to be automatically waived if the time expires
    .

    The land was won by Evergrande Real Estate Group Hefei Co.
    , Ltd.
    on March 23, 2020 at a total price of 877 million yuan.
    The transaction floor price at that time was 3,410 yuan per square meter
    .
    The land used for the plot is a mixed commercial and residential land.
    The plot extends to Shenlingtan Road in the north, Zhenfeng Avenue in the south, and Longmianshan Road in the west
    .

    Nowadays Evergrande is not just a thunderstorm.
    It has been interviewed by the Central Bank and the real estate cannot be delivered.
    Now even the project land has been taken back by the government.
    Is it impossible to "Hengda" anymore? In fact, this is not always the case
    .

    At 11 o'clock in the evening on September 22, Evergrande Group held a special meeting on "Resume Work and Resume Guarantee Delivery"
    .
    Xu Jiayin said that it is necessary to realize the importance of going all out to resume work and production.
    The company must perform the obligation to ensure the quality and quantity of the building, and it is the responsibility of the company
    .
    Xu Jiayin emphasized that it is necessary to resolutely implement the redemption work of Evergrande wealth investors, which is the top priority that the entire group must face together
    .
    At the same time, China Evergrande’s ADR once touched the price of $11.
    06 during the intraday trading, which was 47.
    47% higher than yesterday’s closing price
    .
    As of the close, China Evergrande’s ADR growth rate fell back to around 33.
    33%
    .

    In addition, on September 22, a number of banks responded to business dealings with Evergrande on the interactive platform
    .

    According to Zheshang Bank, at present, Zheshang Bank has granted 3.
    8 billion yuan of credit to Evergrande Group.
    There are sufficient collaterals and the overall risk is controllable, which will not have a significant impact on Zheshang Bank's operation and management and asset quality
    .

    Evergrande’s ship is sinking gradually.
    Among its many raw material suppliers, the crisis of coating companies is obviously more serious
    .
    Not only are the millions or billions of acceptance bills in the hands of leading companies facing overdue payment, but also the suspension of construction work caused by construction site shutdowns will also affect the feedback of the coatings industry
    .

    And Evergrande seems to be improving now.
    Although the situation is still unpredictable, as long as there is a glimmer of hope, it is undoubtedly a major good news for the coating companies.
    It is still unclear how Evergrande will eventually be, but we still look forward to a Don't lose a heavy and good ending for coating companies!


    Disclaimer The
    content of this article is a comprehensive source network, edited by Ai Tubang.
    Please indicate the source for reprinting
    .
    If it involves the content of the work, copyright and other issues, please contact this official account in time, we will delete the content as soon as possible !
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.