Investor files liquidation petition in China against Evergrande unitThe investor - Vanward, a Shenzhen-listed electric appliance manufacturer - cited a dispute with the Evergrande unit Guangzhou Kailong Real...
07 Aug, 2024, 12.59 PM IST
Evergrande liquidation law firm probing PwC, others for potential claimsLawyers for China Evergrande Group's liquidators are investigating its former auditor, PwC, and other service providers to recover losses f...
14 Jun, 2024, 01.35 PM IST
China opens probe into troubled shadow banking giant ZhongzhiPolice in Beijing said in a statement on WeChat that they took "criminal mandatory measures" against multiple suspects, identifying one by ...
27 Nov, 2023, 12.52 AM IST
China Evergrande chairman under scrutiny on suspicion of illegal crimesTrading in the company's shares was suspended earlier in the day after a report that its chairman had been placed under police watch. Everg...
28 Sep, 2023, 06.56 PM IST
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
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
Kaisa suspends trading amid uncertainty over debt repaymentThe suspension comes after a source with direct knowledge of the matter said Kaisa was unlikely to meet its $400 million offshore debt dead...
08 Dec, 2021, 11.40 AM IST
Evergrande dodges default again but sector debt concerns remainCash-strapped developer China Evergrande Group averted a destabilising default at the last minute for the third time in the past month, wit...
11 Nov, 2021, 12.06 PM IST
China: Crunch time for Evergrande as unit sale collapsesMeanwhile, the broader Chinese property sector has come under pressure, with new-home prices falling for the first time in six years in Sep...
21 Oct, 2021, 11.06 AM IST
The rise and demise of Chinese property firm EvergrandeEvergrande started the business in 1996, targeting millions of middle-class Chinese climbing onto the property ladder across the rapidly ur...
24 Sep, 2021, 07.20 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
Evergrande crisis shows cracks in China’s property marketChina’s Evergrande Group, the embattled property developer whose towering debt has set off panic in global markets, is buckling under the w...
21 Sep, 2021, 11.37 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
How far will Xi Jinping go to restrain China’s real estate sector?Even though most people don’t expect Evergrande to collapse all of a sudden, the silence and a lack of major actions from policy makers is ...
21 Sep, 2021, 12.37 PM IST
China’s nightmare Evergrande scenario is an uncontrolled crashEvergrande’s main banks were told by China’s housing ministry this week that the developer won’t be able to make interest payments due Sept...
17 Sep, 2021, 03.28 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
China stocks advance most in a month as developers lead gainsThe Shanghai Composite Index closed 1.6 per cent higher. The benchmark gauge of real estate companies surged 4.7 per cent,the most since Ma...
14 Aug, 2016, 11.06 AM IST