Brief introduction of Evergrande Group

Evergrande Group, located in Shenzhen, is an international enterprise group listed on the main board of Hong Kong Stock Exchange, integrating real estate planning and design, development and construction, and property management. Its registered place is in Cayman Islands (UK).

16 On the evening of May, Evergrande Real Estate announced that it would launch a special resolution at the annual general meeting of shareholders on June 16 to change the Chinese name of the company from Evergrande Real Estate Group Co., Ltd. to China Evergrande Group. If the name change is successful, Evergrande will be a private enterprise that rarely uses Chinese prefix, which was only the patent of the giant of central enterprises in the past.

For this name change, the official explanation of Evergrande is that the company's business has become more diversified in recent years. In addition to the traditional real estate development business, it also actively expands industries such as finance, Internet, medical care, culture and tourism. Although property development is still the core business of the Company, the directors believe that the proposed change of company name will better reflect the diversified business strategy and corporate image of the Company.

The development course of the group

202165438+On February 6th, China Evergrande announced that the board of directors of the company decided to set up the Risk Resolution Committee of China Evergrande Group in consideration of the operational and financial challenges faced by the group. On June 24th, 2022, 65438, official website of Evergrande Group issued the Statement of Evergrande Group on Matters Related to Overseas Debt.

Evergrande Group said that it is continuing to communicate and discuss with overseas creditors in a positive manner with relevant consulting institutions. At present, the Group has made it clear to overseas creditors that the Board of Directors, the Risk Mitigation Committee and the whole Group are making every effort to evaluate the operation, stabilize production and operation, ensure capital turnover, and jointly formulate a comprehensive, detailed and effective debt restructuring plan to protect the legitimate rights and interests of all parties.

On the evening of October 26th, 2022/kloc-0, China Evergrande announced that it would hold a telephone conference with its creditors on October 26th, 65438/kloc-0, reiterating that it would evaluate its own situation and formulate a restructuring plan to protect the rights of stakeholders.

Reference to the above content: Baidu Encyclopedia-China Evergrande Group