Explainer-What happens next after China Evergrande ordered to liquidate?
By Clare Jim and Scott Murdoch HONG KONG (Reuters) – A Hong Kong court on Monday ordered China Evergrande, the world’s most indebted developer, to be liquidated. The move could send shockwaves…
Exclusive-China Evergrande offshore bondholder group to join liquidation petition – sources
By Clare Jim HONG KONG (Reuters) – A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court…
China Evergrande gets court notice regarding unit’s $280 million recovery claim
(Reuters) -China Evergrande Group said on Tuesday it received notices from court of Guangdong Province over a claim by a unit of Evergrande Property Services for the recovery of about 2 billion…
Evergrande creditor group supports maintaining operations, not bankruptcy-SCMP
HONG KONG (Reuters) – 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 Monday…
China Evergrande creditors seek controlling stakes in new proposal
(Reuters) -A group of offshore creditors to China Evergrande Group is asking for a controlling equity stake of the developer and two of its Hong Kong subsidiaries as part of company’s revised…
China Evergrande unit commences legal proceedings against parent
(Reuters) – Evergrande Property Services Group said on Tuesday one of its units had commenced legal proceedings against Hengda Real Estate Group Company and embattled developer China Evergrande, among others. The unit,…
Evergrande chairman’s two luxury mansions seized by creditor – local media
HONG KONG (Reuters) – Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande Group, Hui Ka Yan, have been seized by a creditor, local media…
Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30% equity…
Evergrande will struggle to revive its debt restructuring plan
By Clare Jim, Xie Yu and Scott Murdoch HONG KONG (Reuters) -China Evergrande is trying to stave off liquidation by revising its debt restructuring plan, but its biggest challenge will be convincing…
Evergrande held talks with creditors this week -Bloomberg News
(Reuters) – China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News reported on Thursday citing people familiar with the matter. Representatives of Evergrande told…
Evergrande did not file court documents by requested time -source
By Clare Jim HONG KONG (Reuters) – China Evergrande Group did not submit defence documents to a Hong Kong court before a deadline that comes ahead of a winding-up hearing against the…
Evergrande offshore bondholders surprised by debt restructuring regulatory hurdles
By Scott Murdoch and Clare Jim SYDNEY (Reuters) – China Evergrande Group’s offshore bondholder group said on Monday it was surprised by the property developer’s recent announcement that its offshore debt restructuring…
China Evergrande shares set to resume trade on Tuesday
(Reuters) -China Evergrande Group said on Monday it has applied to the Hong Kong Stock Exchange for trading in its shares to resume on Tuesday, adding there is currently no other inside…
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
By Scott Murdoch SYDNEY (Reuters) – China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the developer’s offshore assets as its cash…
China Evergrande chairman under scrutiny on suspicion of illegal crimes
(Reuters) -China Evergrande Group said on Thursday authorities have informed the embattled property developer that its chairman Hui Ka Yan has been subject to mandatory measures in accordance with the law due…
Explainer-What’s in store for China Evergrande with its chairman now under police watch?
By Scott Murdoch SYDNEY (Reuters) – The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as…
China Evergrande defers scheme meeting to reassess terms of proposed restructuring
(Reuters) – China Evergrande said on Friday it would not be conducting the scheme meeting scheduled on Sept. 25 and Sept. 26 as the embattled property developer considers it necessary to reassess…
China police detain some Evergrande wealth management staff
BEIJING (Reuters) – 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, public…
China Evergrande delays decision on offshore debt restructuring to October
(Reuters) -Embattled property developer China Evergrande Group said on Friday it has delayed making a decision on offshore debt restructuring from September to next month. The company delayed the decision to allow…
China Evergrande shares set to open down 14.3%
HONG KONG (Reuters) – Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79%…
China Evergrande says resumption guidance fulfilled, shares set to trade next week
(Reuters) – Embattled property developer China Evergrande Group said on Friday it has “adequately” fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made an application to resume trading…
China Evergrande says bankruptcy protection filing does not involve petition
(Reuters) – Embattled property developer China Evergrande Group said on Friday its application to the U.S. Court for bankruptcy protection is a normal procedure for offshore debt restructuring and does not involve…
China Evergrande to delay creditors’ meetings amid fresh restructuring plan
(Reuters) – Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG class A and class C holders of debt to provide them more…
China Evergrande EV unit to issue fresh shares in restructuring plan
(Reuters) -Embattled property developer China Evergrande Group said on Monday its listed electric-vehicle arm has agreed to issue new shares to certain subscribers to ease loan burden and improve liquidity as part…
China’s Evergrande Property applies to resume trading on Hong Kong exchange
(Reuters) – Evergrande Property Services Group Ltd said on Wednesday it had applied to the Hong Kong Stock Exchange to resume trading of the company’s shares from Aug. 3. Shares of the…
Evergrande EV unit reports about $10 billion loss for 2021, 2022
(Reuters) -China Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for 2021 and 2022 as it posted its long overdue financial results on Wednesday.…
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