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SHIMAO GROUP DEFAULT
China's real estate magnate Hui Ka Yan loses 93 per cent of his wealthOnce the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also fin...- Chinese property developer Shimao misses repayment on $1 billion bondThe non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion internati...
- More Chinese developers seek to extend bond terms to avert defaultThe market is also watching the outcome of China Evergrande Group's meeting with onshore bondholders, as the voting period to approve an ex...
- China developer Shimao Group seeks ABS extensions; shares, bonds sell-offShimao Group's unit Shanghai Shimao Construction has proposed extensions on maturities for two asset-backed securities (ABS) due this month...
- Evergrande labelled defaulter by S&P over failed coupon paymentsS&P Global cut Evergrande to "selective default" over its failure to make coupon payments by the end of a grace period earlier this month, ...
- 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...
- 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...
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