You Searched For "evergrande group" and got 18 results
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2 mins read
Investors warn Evergrande could face an 'uncontrolled collapse' that would be a disaster for China's property sector
The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the m…
Phil Rosen
2 mins read
Evergrande takes on Tesla, rolling out its first electric vehicle as the embattled Chinese real-estate developer seeks to make EVs its core business
Evergrande said in 2020 that it wanted to become "the largest and most powerful new energy automobi…
Huileng Tan
2 mins read
China's government is stepping in to help Evergrande deal with its debt, as it has with previous large-scale corporate clean-ups
This comes after Evergrande said in filing to the Hong Kong Stock Exchange there was "no guarantee"…
Huileng Tan
3 mins read
Beleaguered real-estate giant Evergrande's $1.8 billion lotus-shaped soccer stadium is partially built and in shambles amid the company's impending collapse
The stadium was touted in its 2020 groundbreaking ceremony to have a seating capacity of 100,000, t…
Cheryl Teh
1 min read
Evergrande's Hong Kong unit has paid a $19 million onshore bond coupon due today, prioritizing the domestic market
Evergrande's flagship Hong Kong unit has paid a $19 million onshore bond coupon due Tuesday, Reuter…
Huileng Tan
2 mins read
Evergrande's soccer club has dominated the Chinese Super League for the last 10 years, but it's also been incurring massive losses every year
Guangzhou FC has won the Chinese Super League eight times in the last 10 years. It's also been losi…
Matthew Loh
3 mins read
Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
Embattled Chinese real-estate giant Evergrande has been ordered by a Hong Kong to liquidate followi…
Huileng Tan
2 mins read
China says Evergrande risks are 'controllable' in first comments since debt crisis
Chinese officials, including state-controlled media, have kept silent throughout the Evergrande's f…
Isabelle Lee
3 mins read
Evergrande's electric car division vowed to beat Tesla at its own game, but it's taken $740 million in losses so far this year and still hasn't sold a single car
Evergrande Auto once commanded a valuation higher than Ford's, but its share price has now plunged …
Matthew Loh
2 mins read
Beijing is working behind the scenes to pull Evergrande out of danger, urging state-owned firms to buy the property developer's assets
Sources told Reuters Beijing is unlikely to put together a bailout for Evergrande, but has asked st…
Matthew Loh
1 min read
Evergrande stock has soared 35% in the past week as the embattled property developer sells assets to pay its debts
Evergrande plans to raise $1.5 billion by selling its stake in a Chinese bank to a state-owned ente…
Matthew Fox
2 mins read
Traders are loading up on bets against the world's 'most levered real estate developer'
US investors who want to make speculative bets on the Guangzhou, China-based company - which is lis…
Joe Ciolli
1 min read
Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says
Evergrande was in talks to sell 51% of its property services unit to Hopson Development Holdings fo…
Isabelle Lee
2 mins read
A bank advising Evergrande's lenders says the embattled property developer is expected to default, report says
A bank director advising Evergrande bondholders said a default is likely to come soon, Reuters repo…
Harry Robertson
3 mins read
There may be little to recover in the $300 billion Evergrande debt saga
Liquidators will take control of the company's assets and prepare to sell them in order to repay th…
Huileng Tan,Nidhi Pandurangi
2 mins read
China's wealthiest real-estate magnates lost a combined $46 billion in 2021, headlined by Evergrande's founder seeing $17 billion erased
China's top real estate billionaires saw their fortunes slashed in 2021, with some losing their bil…
Max Adams
2 mins read
Evergrande aims to raise $5 billion by selling a half-stake in its property services unit as another interest payment looms, report says
Trading in Hopson was also temporarily suspended in Hong Kong on an impending announcement about a …
Shalini Nagarajan
2 mins read
Faraday Future is trying to cancel a $2 billion investment as it reportedly struggles to pay suppliers
In a statement posted to Twitter on Monday, Faraday said it had met the required conditions to rece…