Tag: Evergrande

• Friday, September 29th 2023 - 08:04 UTC

  China's leading property company again in financial trouble: debt of US$ 328 billion

  

  Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group's securities, and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted.

• Saturday, September 25th 2021 - 09:27 UTC

  Evergrande real estate group shares crash 11,6%, but CEO remains among China's richest billionaires

  

  The Chinese mega real estate group Evergrande shares tumbled 11,6% on Friday in the Hong Kong stock exchange, following on Thursday's nonpayment of US$ 84 million in interests on maturing offshore bonds.

• Thursday, September 23rd 2021 - 09:29 UTC

  Relief in world markets, China's mega Evergrande will pay some of its debts

  

  China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.

• Wednesday, September 22nd 2021 - 09:20 UTC

  OECD down plays impact of China's mega group Evergrande possible downfall

  

  “We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.

• Tuesday, September 21st 2021 - 08:55 UTC

  World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

  

  Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.