Evergrande

Evergrande, the property giant in China on Monday (July 17) reported that it suffered a loss of USD 96 billion in the year 2021. It also reported USD 135 in liabilities. The company has released its long-delayed results.The loss showed "the…

HONG KONG : Embattled property developer China Evergrande Group said on Thursday it would extend the deadline for receiving an incentive for its debt restructuring proposal to May 18 as the company disclosed levels of support from…

HONG KONG : Embattled developer China Evergrande Group plans to publish an offshore debt restructuring term sheet on Wednesday, aiming to sign an agreement with creditors by month-end, it told a Hong Kong court.A representative of a…

Last Updated: January 23, 2023, 10:44 ISTHe was also a member of China’s top Chinese People’s Political Consultative Conference (CPPCC). It is speculated that the Chinese government launched its common prosperity policy to redistribute…

HONG KONG : Embattled property developer China Evergrande Group will hold a meeting with dollar bondholders on Wednesday to discuss its debt restructuring proposals, two sources familiar with the matter said on Friday.Once China's…

BEIJING: China Evergrandehas pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector.In an email seen by AFP,…

HONG KONG: This will be a "crucial year" for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on New Year's Day, adding he trusted the firm would be able to repay all its…

According to land registry records, lender China Construction Bank (Asia) has seized the property of the chairman of the troubled China Evergrande Group's property in Hong Kong's exclusive 'The Peak' neighbourhood.  The…

According to land registry records, lender China Construction Bank (Asia) has seized the chairman of the troubled China Evergrande Group's property in Hong Kong's exclusive 'The Peak' neighbourhood.  According to a…

HONG KONG: China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property…