China Evergrande aims for restructuring plan within six months as creditor talks beginEvergrande Group, once China's top selling developer and now struggling to repay its creditors, suppliers and investors in wealth managemen...
26 Jan, 2022, 07.18 PM IST
China Evergrande shares climb after winning bond payment delayStruggling with $300 billion in liabilities, including $19 billion in international bonds deemed to be in cross-default after missing a pay...
14 Jan, 2022, 01.51 PM IST
As pressure mounts, China Evergrande seeks delaying onshore bond paymentEvergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore bonds deemed in cross-def...
05 Jan, 2022, 12.51 PM IST
Evergrande shares plunge after reports of new missed paymentIn recent months, the company has repeatedly said it will finish its unfinished projects and deliver them to buyers in a desperate bid to s...
30 Dec, 2021, 11.54 AM IST
China audits Evergrande, chairman Hui Ka Yan's assets, no fire sale for now: SourcesBeijing has repeatedly sought to reassure investors, but it has not yet indicated how it plans to stabilise Evergrande in particular, which...
15 Dec, 2021, 04.04 PM IST
Some investors have not got Evergrande unit's bond interest due Nov 6: ReportTwice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by p...
08 Nov, 2021, 01.49 PM IST
Too little, too late? Evergrande's tortuous restructuring, asset sales in focus after default avertedWith more than $300 billion in liabilities, Evergrande, once China's top-selling property developer, faces deep scepticism on whether it ca...
22 Oct, 2021, 04.05 PM IST
China Evergrande makes payment before deadline, official media saysEvergrande sent an $83.5 million interest payment to bondholders, China’s Securities Times reported without providing details. The outlet i...
22 Oct, 2021, 09.51 AM IST
China Evergrande secures extension on defaulted $260 mln bond -REDDEvergrande has won a "more than three month" extension to the maturity of a $260 million bond issued by joint venture Jumbo Fortune Enterpr...
21 Oct, 2021, 10.36 AM IST
Looming Evergrande bond coupon payments intensify contagion fearsSmall developers Modern Land and Sinic Holdings were the latest scrambling to delay deadlines, after Evergrande and Fantasia missed their p...
12 Oct, 2021, 10.48 AM IST
Evergrande to make domestic bond coupon payment, soothing fearsThe announcement comes as Evergrande, once the country's top-selling developer, inches closer to a key deadline for an interest payment on ...
22 Sep, 2021, 08.50 AM IST
China Evergrande fears consume investors awaiting tradingA major test comes this week, with Evergrande due to pay $83.5 million in interest relating to its March 2022 bond on Thursday. It has anot...
21 Sep, 2021, 08.58 AM IST
China Evergrande shares plummet to 11-year low on default risksThe company's property management unit dropped over 8%, while its electrics car unit declined 2%. Movie streaming company Hengten Net, majo...
20 Sep, 2021, 10.33 AM IST
China Evergrande is not 'too big to fail', says Global Times editorEvergrande is scrambling to raise funds to pay its many lenders and suppliers and investors, with regulators warning its $305 billion of li...
17 Sep, 2021, 12.07 PM IST
Investors brace for a great fall in ChinaThe developer's woes have been snowballing since May. Dwindling resources set against 2 trillion yuan ($305 billion) of liabilities have wi...
17 Sep, 2021, 09.11 AM IST
China Evergrande onshore bond trading suspended after downgradeGoldman Sachs said in a report that because Evergrande has dollar bonds issued by both the parent company and a special purpose vehicle, re...
16 Sep, 2021, 01.11 PM IST
He's a debt-laden property mogul. Meet China's own Donald TrumpHui, whose net worth is about $7.4 billion, has started disposing of some, listing Guangzhou Evergrande Taobao Football Club and selling th...
03 Jan, 2017, 01.58 PM IST