Evergrande chairman says 2023 crucial for home delivery, debt repaymentSaddled with over $300 billion in liabilities and undergoing a debt restructuring, the world's most indebted property developer has been st...
03 Jan, 2023, 11.11 AM 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
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
Evergrande debt deadline passes with no sign of payment: SourcesOnce China's top property developer, with over 1,300 real estate projects and $300 billion of liabilities, Evergrande has been the poster c...
07 Dec, 2021, 02.48 PM IST
China Evergrande bondholders receive overdue bond coupon payments: ReportShares of Evergrande listed in Hong Kong jumped over 9% by mid-morning on relief the latest deadline was met.
11 Nov, 2021, 11.09 AM 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 developer Kaisa pleads for help, 'patience' as sector's debt woes mountThe troubles of China Evergrande Group, the world's most indebted developer, have reverberated throughout China's real estate sector, spark...
09 Nov, 2021, 01.47 PM IST
View: Can return to traditional Communism help the stressed Chinese economy?The Chinese government has been tightening financial laws since August,2020 to forcefully intervene and exert greater control over the mark...
03 Nov, 2021, 02.41 PM IST
China Evergrande shares fall on persistent pressure from debt travailsChina Evergrande Group is reeling under more than $300 billion in liabilities, fuelling worries about the impact of its fate on global mark...
27 Oct, 2021, 11.52 AM IST
China property sector default woes deepen amid Evergrande uncertaintyEvergrande requested a halt in the trading of its shares pending an announcement about a major deal. Evergrande Property Services Group als...
05 Oct, 2021, 11.27 AM IST
China Evergrande to raise $5 billion from property unit sale: Global TimesThe possible deal seemed to rekindle broader concerns about the risk of contagion or of a hit to China's property sector and the broader ec...
04 Oct, 2021, 11.47 AM 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
Fears grow for China Evergrande after interest deadline missedA deadline for paying $83.5 million in bond interest passed without remark from Evergrande and bondholders had not been paid nor heard from...
24 Sep, 2021, 01.17 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
Crunch time for Evergrande, but no 'Lehman moment'While predominantly a developer, Evergrande -- which employs 200,000 people, has a presence in more than 280 cities and claims to indirectl...
21 Sep, 2021, 01.05 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