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
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...
29 Jan, 2024, 07.09 PM IST
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...
03 Dec, 2023, 11.32 AM IST
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...
27 Sep, 2023, 10.06 AM IST
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...
18 Sep, 2023, 09.28 AM IST
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...
17 Sep, 2023, 10.30 AM IST
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...
15 Sep, 2023, 01.00 AM IST
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...
11 Sep, 2023, 12.12 PM IST
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...
29 Aug, 2023, 08.04 AM IST
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...
28 Aug, 2023, 08.52 AM IST
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...
22 Mar, 2022, 08.07 PM IST
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 ...
19 Jan, 2022, 03.51 PM IST
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...
26 Dec, 2021, 11.20 PM IST
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...
15 Dec, 2021, 04.04 PM IST
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...
11 Nov, 2021, 01.23 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
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...
21 Sep, 2021, 08.30 AM IST