You Searched For "evergrande group" and got 18 results
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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
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's home prices crash as buyers refuse to pay mortgage
The problem is deep rooted. The nonpayment would impact the country's banking industry as the non-p…
1 min read
Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes
Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chair…
Huileng Tan
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 stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector
Evergrande is valued at 5.3 billion Hong Kong dollars now — way down from 2017 when it was wo…
Huileng Tan
2 mins read
China Evergrande has had a wild ride on the stock market in the 3 weeks since trading was resumed
The Chinese property developer's shares tanked 25% early on Monday following news that some of its …
Huileng Tan
2 mins read
China Evergrande soars 70% to lead Chinese property names higher after another developer dodges default
Country Garden Holdings and Logan Group also made sharp gains, following the former's $22.5 million…
Phil Rosen
2 mins read
China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection
Evergrande's filing came amid fears of widening economic woes in China as the country's real-estate…
Huileng Tan
6 mins read
How China handled 3 high-profile corporate meltdowns, including companies considered too big to fail — and what that could tell us about Evergrande's future
Anbang, Baoshang, and HNA are three of China's most high-profile corporate meltdowns in recent year…
Huileng Tan
1 min read
China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses
Once a $50 billion developer, shares of the troubled property giant tumbled in Hong Kong after a 17…
Insider Inc.
2 mins read
Check out the man-made island where Evergrande was ordered to tear down 39 buildings
Chinese authorities have given Evergrande 10 days to demolish 39 buildings on its man-made Ocean Fl…
Grace Kay
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
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
1 min read
Beijing flinches from Evergrande bailout, nudges government-owned firms to snap up assets, report says
Vanke, China Jinmao Holdings, and China Resources Land are among those that have been asked to purc…
Isabelle Lee
3 mins read
The supply chain crunch for US homebuilders may ease as China's ailing property market slows, says the CEO of a $4 billion investment portfolio
"It's lumber … it's appliances, it's paint, it's drywall, countertops, cabinetry," that are in shor…
Carla Mozée
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
Evergrande's last-gasp interest payment gives Chinese developer stocks and Asia bonds a lift
Hong Kong's Hang Seng mainland property index rose 3.3% in its biggest weekly gain in a month, whil…