When will Evergrande Real Estate resume trading?

10,21,9: 00,10,21According to the news of the Hong Kong Stock Exchange, the shares of Hesheng Chuangzhan Group Co., Ltd., China Evergrande Group Co., Ltd. and Evergrande Real Estate Group Co., Ltd. will be announced today (20021,/kloc.

65438+1On the evening of October 20th, China Evergrande Group announced the termination of its agreement with Huansheng Technology Group Co., Ltd. (a subsidiary of Huansheng Weisheng Chuangzhan Group Co., Ltd.) to sell 54160,000 shares of Evergrande Real Estate for HK$ 20.04 billion. According to the information obtained by China Evergrande Announcement 202 1 12 10 from other parties outside the CSRC, the company has reason to believe that the transferee failed to meet the preconditions for a comprehensive tender offer for the shares of Evergrande Real Estate, and the company exercised the right on 2002110.

Hesheng Chuangzhan also issued an announcement on October 20th, 65438/kloc-0, claiming that the seller failed to complete the share sale to the buyer on June 2nd, 2002 10. 2021113 The buyer issues a buyer's notice, requesting the seller to perform its responsibilities according to the agreement, and at the same time retaining all the legal rights of the buyer, including its rights under the agreement. However, on the same day that the buyer's notice was sent, the buyer received the seller's notice, indicating that the seller would dissolve or terminate the agreement. In addition, Hesheng Chuangzhan stated that the buyer did not accept any substance of the agreement that the seller claimed to dissolve or terminate, and refuted the seller's notice. Although the buyer is prepared to complete the acquisition of the sales shares according to the agreement, it is difficult to determine whether the sale of the sales shares can be completed according to the agreement due to the notice of the seller.

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China Evergrande Group (hereinafter referred to as "Evergrande"), Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as "Evergrande Real Estate") and Hesheng Chuangzhan Group Co., Ltd. (hereinafter referred to as "Hesheng Chuangzhan") all announced that their company shares will resume trading at 9: 00 on February1day, and all structured products related to Evergrande and Evergrande Real Estate will also resume trading.

It is reported that on the evening of 10/0, Evergrande and Hesheng Chuangzhan issued an announcement to terminate the acquisition of 50. 1% equity of Evergrande Real Estate. According to the announcement, based on the total value of Evergrande Real Estate Agreement of HK$ 40 billion, the consideration of this acquisition transaction is about HK$ 20.04 billion.

Regarding the reasons for the termination, Evergrande said that according to the information obtained from other parties other than the CSRC, it is reasonable to believe that the transferee failed to meet the preconditions for the comprehensive tender offer of Evergrande Real Estate shares, and the company exercised the right to dissolve/terminate the agreement on 202 1, 13. However, at the same time, Sheng Chuangzhan issued an announcement in response, and did not accept any substance of the agreement that Evergrande claimed to dissolve or terminate.

According to the previous announcement, Evergrande Real Estate, Evergrande Real Estate and Hesheng Chuangzhan issued short suspension announcements on June 4 10, and Hesheng Chuangzhan said that the company suspended trading pending the announcement of the acquisition.

2 1 After the resumption of trading, as of 10: 20, Evergrande's share price was reported at HK$ 2.65/share, a decrease of about10.17%; The share price of Evergrande Real Estate was reported at HK$ 4.85 per share, a decrease of about 5.27%; The share price of Hesheng Chuangzhan rose sharply to HK$ 25.9 at the opening, with an increase of about 4.74%.