Evergrande New Energy Vehicle Investment Holding Group Co., Ltd., an automobile business arm of Evergrande, recently added new information regarding its listing as a judgment debtor.
On Thursday, Soho China released an announcement that its chairman Pan Shiyi intended to sell 32,000 m² of properties in Beijing and Shanghai at a 30% discount.
Following a tumultuous first half of 2021, China Evergrande Group rebounded during Monday trading at the Hong Kong Stock Exchange as it made moves to sell off assets and stabilize its debt-ridden finances.
On June 23, Tianyancha showed that Dongxia Datong Company was listed as a judgment debtor by the Haidian District People's Court of Beijing, obliging it to pay about 13.416 million yuan in fines.
Installment consumption habits of Generation Z in China are driving the whole nation towards a new consumption model. And it doesn’t seem like the model is going to die down in the coming decades.