(AOF) – The Combined General Meeting of Selectirente adopted all the resolutions submitted for its approval. All, with a quorum of 92.47%, said the real estate company specializing in the real estate of walls of local shops. The Ordinary General Meeting notably approved the distribution of a dividend of 3.60 euros per share, for the 2021 financial year, the ex-dividend and payment dates of which are set for June 10 and 14, 2022.
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Chinese real estate still in turmoil
Real estate is essential for the growth of the world’s second largest economy. However, after the setbacks of the giants Evergrande and Fantasia, other smaller promoters are having difficulty repaying their debts. The giant Evergrande is strangled by an abyssal debt of around 260 billion euros. He is fighting to pay his bond interest on time and deliver his apartments, so as to avoid a bankruptcy that would shake the entire Chinese real estate sector. The OECD believes that the risks of a sharp slowdown in China have increased with the setbacks of Evergrande. A drop of 2 points per year in Chinese domestic demand over two years would reduce global growth by 0.4 points of GDP.