Shares in the embattled Chinese property giant Evergrande rallied on Tuesday after a day-long suspension, as the company confirmed it has been ordered to demolish part of a resort in Hainan province. China’s property firms have struggled in the wake of Beijing’s drive to curb excessive debt in the real estate sector as well as …
Evergrande Shares Rise After Day-long Trading Suspension Read More »
Embattled Chinese property giant Evergrande announced Monday it was once again suspending trading of its shares with no reason stated. Drowning in $300 billion in liabilities, the firm has struggled to repay bondholders and investors after becoming ensnared in Beijing’s deleveraging crackdown on China’s bloated property sector. “Trading in the shares of China Evergrande Group …
Troubled Evergrande Suspends Share Trading Again Read More »
Embattled Chinese firm Evergrande will deliver almost four times the number of housing units to buyers in December than in the previous three months, its chairman said, as the real estate behemoth grapples with massive debts. Evergrande — drowning in $300 billion in liabilities — has struggled to repay bondholders and investors after becoming ensnared …
Debt-crippled Evergrande Vows ‘Full Steam Ahead’ To Deliver Homes Read More »
As Chinese real estate behemoth Evergrande reportedly prepares for a government-backed mega-restructure, here is an explainer on what Beijing’s bid to limit a contagion could mean for the wider economy: The Chinese government sparked a crisis in the property industry when it launched a drive last year to curb excessive debt among real estate firms …
How Will A ‘Controlled Demolition’ Impact The Economy? Read More »
Embattled property giant Evergrande is planning what could become China’s biggest ever debt restructuring, wrapping in all its offshore obligations, reports said, as it established a risk committee before looming payment deadlines. The company’s struggles to meet its commitments have fanned concerns about China’s property sector, which forms a substantial part of the world’s second-biggest …
Evergrande Looks To Restructure, Sets Up Risk Committee Read More »
The Chinese government summoned the embattled founder of real estate firm Evergrande Friday, after the group issued a statement warning it might not have sufficient funds to continue to meet its financial obligations. China Evergrande, which is drowning in a sea of debt worth $300 billion, has been struggling to meet its commitments and the …
Chinese Govt Summons Evergrande Founder After Warning On Funds Read More »
Fears about surging inflation dogged investor confidence in Asia on Thursday, though sentiment was boosted by a report saying teetering Chinese property giant Evergrande had once again avoided a default after meeting bond-payment deadlines. US investors ran for cover and the dollar soared after a forecast-beating read on the consumer price index, which hit a …
Markets Swing As Traders Weigh Inflation Surge, Evergrande Report Read More »
Asian markets were mixed Thursday as rising inflation fears were tempered by a report that teetering Chinese property giant Evergrande had once again avoided a default after meeting bond-payment deadlines. US investors ran for cover and the dollar soared after a forecast-beating read on the consumer price index, which hit a 31-year high last month, …
Asian Markets Mixed As Traders Weigh Inflation, Evergrande News Read More »
