[ad_1] HONG KONG: A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on…
Tag: china evergrande
Evergrande crisis tests Beijing’s fallout management as creditor jitters mount
[ad_1] As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered…
China Evergrande’s billionaire boss Hui Ka Yan goes from power circles to police surveillance
[ad_1] Reuters reported on Tuesday that a major Evergrande offshore creditor group was planning to join a liquidation court petition filed against the developer if it does not submit a…
Pressure piles on China Evergrande with chairman Hui Ka Yan under police surveillance
[ad_1] HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday (Sep 27), ratcheting up pressure on the embattled developer whose…
China police detain some Evergrande wealth management staff
[ad_1] BEIJING: Police in southern China have detained some staff at China Evergrande Group’s wealth management unit, suggesting a new investigation that could add to the property giant’s woes. “Recently,…
China developer Evergrande posts losses for first half of the year
[ad_1] BEIJING: Heavily indebted Chinese property giant Evergrande Group on Sunday (Aug 27) announced it had suffered losses for the first half of the year. The developer’s January to June losses…
China Evergrande net loss in first half of 2023 narrows to US$4.5 billion
[ad_1] HONG KONG: Property developer China Evergrande Group on Sunday (Aug 27) reported a January to June net loss of 33 billion yuan (US$4.53 billion) versus a 66.4 billion yuan…
Chinese real estate giant Evergrande files for bankruptcy – Times of India
[ad_1] NEW YORK: China Evergrande, which is the world’s most heavily indebted property developer and became the poster child for China’s property crisis, on Thursday filed for protection from creditors…