China calls the owner of Evergrande after declaring that there is not enough money to pay the debt
China calls the owner ofดาวน์โหลด SLOTXOEvergrande after declaring that there is not enough money to pay the debt
Chinese authorities have summoned Evergrande's founder after the company announced it might not have enough money to pay off its debts.
Reuters reported that Local officials in Guangdong Province which is the location of Evergrande's headquarters It called its founder, Su Jiayin, after Evergrande said it would not guarantee enough money to repay its creditors.
On Friday (December 3) Evergrande sent a notice to the Hong Kong Stock Exchange saying: Creditors are demanding about $260 million in debt from the company. The company has yet to pay interest on the $82.5 million bond due Nov. 6, with the grace period ending on Monday (Dec. 6).
“Given the current liquidity position ... there is no guarantee that the company will have sufficient funds to meet its ongoing financial obligations,” the Evergrande letter said.
Then a few hours later The Guangdong provincial government immediately summoned Xu Jiayin, and officials also said in a statement they would send a team to Evergrande to oversee the risk management. Strengthen internal control and normalize operations.