Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Evergrande announced via a filing that it has agreed to sell stakes in its internet unit for a total of HK$3.25bn ($418mn) to ease funding pressure. The developer will sell 7% of Hong Kong-listed HengTen Networks Group Ltd at HK$3.20 a share to Tencent and a 4% stake in the company to an unidentified buyer for HK$1.18bn ($152mn).  Before the transaction, Evergrande had a 37.55% stake in HengTen, while Tencent held 16.9%. Separately, dollar bonds of peers Kaisa, Yuzhou and R&F Properties continued to fall over 3% as spillover effects from Evergrande continue.

Show Buttons
Hide Buttons