Evergrande Backer Chinese Estates to Go Private After Plunge

Oct.06 -- Chinese Estates Holdings Ltd., a real estate firm led by a long time billionaire backer of China Evergrande Group, is offering to take the company private after its stock plunged to an 18-year low. This comes after the default of another developer, Fantasia Holdings Group Co. Ltd., is fueling concerns over other highly leveraged borrowers and global contagion. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.”

[benjamindaniel]

Starting early is the best way of getting ahead to build wealth, investing remain a priority with the right skills and proper understanding of how the market works.

[willengel]

flats/apartments are for people to live in, not for speculation. buyers, banks, suppliers and construction companies will get paid and buyers will get their apartments. investors get what's left.

[unknownuser]

The Evergrande bones connected to the, Fantasia Bone, and the Fantasia bones connected to the, Sinic bone. And the Sinic bones connected to the….

[Asherleo]

I guess the rumours are true. There are more than 1 evergrande.

[theMoney]

Fantasia - brought to you by Jumbo Fortune and special guests Evergrande 😆

[tananga]

Stocks still suspended? They can do it till noting left

[makedredd]

Another billionaire becoming a millionaire when Communist tofu constructions implodes. 🧀 🧱

[JamesSmith-byqy]

It's in a lot of debt. Looks like it will have to play the squid game!

[marekkolenda]

Higher interest rates takes about 2 years to show is working or not against inflation

[marekkolenda]

Higher prices next year than this year

[donarrivas]

The game has been changed quite spectacular that would give benefits to the UK interests in HK (that would rapidly change the brit tones and attitude) as Evergrande got beijing quiet interfere with easy rules to allow this trouble real estate driver a place to park its financial troubles after selling the majority of its real estates portfolio to HK real estate moguls or Singaporeans or Macau big timetime gaming investors to pay down 85% debt obligation and the remained debt is paid by corporate bonds (with beijing/china treasury quiet guarantee) at a high yield. 2 more top real estate developnent and management companies are also slowly sinking in their own troubles but they two get a life lines support from beijing to stabilize the chinese exchamge markets. Right now, the Evergrande can put its troubles behind to move on while the other 2 are playing out with their own efforts to get away the bankrupt rumors.

[jasonlau]

You go to ask the question “do you feel lucky punk” this is the definition of investment junk

[marekkolenda]

Higher prices bigger nominal banknote in market

[marekkolenda]

EU summit in Slovenia to stops China Russia and Saudi financial influences in Balkan region

[Longtack]

China is "China" - not "Mainland China." Taiwan is "Taiwan" not "Formosa" or "the renegade province." ("Absolutely" if you must hear it.)

[ilmeaalim]

What's the best way to make money from crypto trading?

[loopinn]

BunsCake starts pre-sale. I took my place 🤑🚀

[oliverbanes]

Lol, How are they going to go private when they have no money ?? Hahaha going private will require A lot more cash, which last time I checked they don’t have .

[tyroneanderson]

Only buy American stocks guys, only buy American stocks

[zachreed]

In order for a company to go private they have to buy back all their shares at double the price