COLUMBUS, Ohio, February 23, 2022--EXPRESS, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL RESULTS TO BE REPORTED ON MARCH 9, 2022
After barely making one debt payment last week, and apparently missing another, China Evergrande Group (OTC: EGRN.F) got a reprieve Wednesday -- even as rumors swirled that the company may have missed a third payment today. As Reuters reports today, at least "some" of Evergrande's bondholders say they have not yet received their coupon payments on $47.5 million in interest due from Evergrande Wednesday. Now, that sounds like bad news, but here's the thing: Quoting "sources," Reuters also says (and other media outlets confirm) that Evergrande has reached a deal to sell to state-owned Shenyang Shengjing Finance Investment Group a 1.75 billion-share stake that Evergrande holds in Shengjing Bank.