China Evergrande Group EGRNF

$EGRNF What’s a good solid but bankrupt or close to bankrupt company right now?

$EGRNF Trading has halted for this stock I believe, and in regards to any hopes of the stock getting reinstated and trading, and moreover the business becoming active and viable, has to be a very remote longshot, basically it would take an act from god, or Xi Jinping. Here's one way, albeit with tons of things that would all have to go right: 1) Evergrande will (be forced and required to) continue to complete ongoing home construction projects 2) Saleable assets will be liquidated for creditors, particularly the 2 big ones in Hong Kong, the Property Services Group and the New Energy Vehicle Group, and a new creditor debt restructuring plan will be proposed - and approved by creditors, and if so the Hong Kong court will follow suit 3) On mainland China though, where 90% of Evergrande's assets are, and where the Hong Kong bankruptcy ruling will not be enforceable, will allow Evergrande to continue as a going concern 4) Stocks begin trading again on all pertinent stock exchanges

$EGRNF China's Evergrande Faces $78 Billion Fraud Allegations

$EGRNF why trade this stock, if HK court requests company insolvency. Any ideas ?

$EGRNF China Evergrande faces winding-up order in Hong Kong court https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html

Down For 4 Straight Years, Will The Hang Seng Index Capitulate? $CTRYF $EGRNF https://talkmarkets.com/content/global-markets/down-for-4-straight-years-will-the-hang-seng-index-capitulate?post=424373&userid=121103

$EGRNF Evergrande's liquidation risk temporarily alleviated as court hearing postponed https://www.cnbc.com/2023/12/04/evergrande-shares-rise-over-9percent-as-liquidation-hearing-postponed-again.html