China's Evergrande: Cannot guarantee will continue to meet financial obligations
|The main unit of China Evergrande Group, Hengda Real Estate Group Co, announced on Friday that it has not made substantial progress in disposing of the real-estate giant's assets, as reported by Reuters.
The group further noted that it cannot guarantee it will be able to continue to meet the financial obligations under contracts.
Market reaction
This development doesn't seem to be having a significant impact on market sentiment. As of writing, the Dow Futures were flat on the day and the S&P Futures were down 0.08%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.