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INDEBTED PROPERTY DEVELOPER
India in right place at right time on AI but failing to make the right noises, says Citi's Vis RaghavanIndia must highlight its AI power to attract global investment, says Citi's Vis Raghavan. Skilled talent, competitive costs, and infrastruc...- PwC Hong Kong to pay Evergrande shareholders HK$1 billion in compensation, SFC saysPricewaterhouseCoopers LLP will pay HK$1.3 billion in fines and compensation to settle investigations into its auditing of collapsed proper...
- China Evergrande Group, world's most indebted property developer, to delist from Hong Kong Stock Exchange after largest debt collapseChina's property market, once a key growth driver for the world's second-largest economy, has been in a multi-year tailspin despite repeate...
- 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...
- Court orders China Evergrande property developer to liquidate after it failed to reach debt dealEvergrande was granted an earlier reprieve after it said it was attempting to "refine" a new debt restructuring plan of more than USD 300 b...
- Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debtsEvergrande is one of the biggest developers to have defaulted on its debts. But others including Country Garden, China's largest real estat...
- Pressure piles on China Evergrande with report chairman under police surveillanceThe chairman of China Evergrande Group, Hui Ka Yan, has reportedly been placed under police surveillance, adding to the pressure on the tro...
- China Evergrande shares tumble 25% after wealth management staff detainedEvergrande, the world's most indebted property developer, is at the centre of a crisis in China's real estate sector that has seen a string...
- China police detain some Evergrande wealth management staffDuring protests by disgruntled investors at Evergrande's Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager...
- Moody's cuts China property sector's outlook to negativeMoody's said it expected contracted sales to fall by about 5% over the next six to 12 months in China, and the impact of government measure...
- More Chinese cities lift home-buying curbs to revive demandTwo major cities in eastern China, Jinan and Qingdao, have lifted all restrictions on home purchases and selling in an effort to revive the...
- China Evergrande shares set to open down 14.3%On Monday, shares of the world's most indebted property firm resumed trading after a 17-month halt in a crucial step for the developer to r...
- China Evergrande shares plunge more than 80% as trade resumes after 17 monthsThe stock had been suspended since March 21, 2022. Its Hong Kong-listed units, China Evergrande New Energy Vehicle Group and Evergrande Pro...
- China Evergrande to announce restructuring proposal by end-JulyThe world's most indebted property developer, Evergrande told investors in January it aimed to have a preliminary restructuring proposal in...
- China drafts rules to give property developers more access to escrow funds: SourcesRegulatory curbs on borrowing have driven the sector into crisis, highlighted by China Evergrande Group which was once China's top-selling ...
- China Evergrande reports progress in resuming home deliveriesEvergrande is the world's most indebted property developer, with over $300 billion in liabilities. It is struggling to repay bondholders, b...
- 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...
- China stocks up as property shares surge on policy easing betsThe CSI300 Real Estate index, which tracks blue-chip property shares, surged 9% in its best day in nearly seven years. A broader property i...
- 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.
- Oil prices advance amid US supply tightness signalsBrent crude gained 52 cents or 0.7% to $74.44 a barrel by 0212 GMT, having fallen by almost 2% on Monday. The contract for West Texas Inter...
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