What's in store for China Evergrande with its chairman now under police watch?China Evergrande Group's chairman, Hui Ka Yan, has reportedly been placed under police surveillance, adding to uncertainties surrounding th...
27 Sep, 2023, 01.34 PM IST
China Evergrande shares tumble for second day, down 8% after unit misses bond paymentThe news comes after Evergrande said on the weekend that it was unable to issue new debt due to an ongoing investigation into Hengda, sendi...
26 Sep, 2023, 10.50 AM IST
Chinese real estate giant Evergrande files for protection in US court as part of $32 billion debt overhaulThe company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings...
18 Aug, 2023, 09.24 AM IST
Fitch withdraws ratings on debt-laden China Evergrande, subsidiariesThe rating agency in December downgraded Evergrande and its subsidiaries, Hengda Real Estate Group Co Ltd and Tianji Holding Ltd, to so-cal...
02 Jun, 2022, 04.28 PM IST
China property giant Evergrande suspends share trading againChina's property firms have struggled in the wake of Beijing's drive to curb excessive debt in the real estate sector, as well as rampant c...
21 Mar, 2022, 11.37 AM IST
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 says construction resumes at 91.7% of projectsCompany Chairman Hui Ka Yan vowed in a meeting on Sunday to deliver 39,000 units of properties in December, compared with fewer than 10,000...
30 Dec, 2021, 01.13 PM IST
China's Evergrande defaults: What happens next?A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripp...
09 Dec, 2021, 05.40 PM IST
The rise and demise of Chinese property giant EvergrandeAfter going public in 2009, Evergrande takes control of Chinese Super League club Guangzhou, renaming it Guangzhou Evergrande, and spends b...
09 Dec, 2021, 04.23 PM IST
China's Evergrande: How will a 'controlled demolition' impact the economy?Evergrande, a real estate giant with a presence in over 280 Chinese cities, was the most prominent developer to pay the price for Beijing's...
08 Dec, 2021, 03.35 PM IST
Investors await Evergrande's overdue $148 million payment as debt woes growDespite the debt woes of Evergrande, its electric vehicles (EV) unit is pushing ahead with its business plan. The unit is seeking Chinese r...
10 Nov, 2021, 01.51 PM IST
China's Evergrande resumes work on more than 10 projectsEvergrande's woes have reverberated across the $5 trillion Chinese property sector, which accounts for a quarter of the economy by some met...
24 Oct, 2021, 01.30 PM IST
How to tell if the Evergrande crisis is spilling beyond ChinaThe situation remains fraught, and few investors have forgotten the money market blow-ups during the 2008 global financial crisis, the 2011...
24 Sep, 2021, 10.03 PM IST
Evergrande seeks to reassure retail investors as key debt deadline loomsGlobal investors have been on tenterhooks in recent weeks as debt payment obligations of Evergrande, labouring under a $305 billion mountai...
23 Sep, 2021, 11.41 AM IST
China's Evergrande shares soar 20% in Frankfurt as unit to make coupon paymentEvergrande’s main unit Hengda Real Estate Group will make coupon payment on onshore bonds after successful private negotiations with bond h...
22 Sep, 2021, 01.34 PM IST
Evergrande gave workers a choice: Loan us cash or lose your bonusEvergrande is on the hook to buyers for nearly 1.6 million apartments, according to one estimate, and it may owe money to tens of thousands...
20 Sep, 2021, 01.54 PM 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