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evergrande

China Evergrande acknowledges HK court order to liquidate

January 29, 2024January 29, 2024 by Reuters
China evergrande acknowledges hk court order to liquidate - photo licensed by shore news network.

(Reuters) – China Evergrande on Monday acknowledged a Hong Kong court’s decision ordering the liquidation of the world’s most indebted property developer after it failed … Read more

Categories In the News

Explainer-What happens next after China Evergrande ordered to liquidate?

January 28, 2024 by Reuters
Explainer-what happens next after china evergrande ordered to liquidate? - photo licensed by shore news network.

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 … Read more

Categories In the News

Evergrande faces imminent liquidation after talks with top creditors break down – WSJ

January 28, 2024January 28, 2024 by Reuters
Evergrande faces imminent liquidation after talks with top creditors break down - wsj - photo licensed by shore news network.

(Reuters) – Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling … Read more

Categories In the News

China Evergrande unit to sell entire stake in asset to cut debt

January 25, 2024 by Reuters
China evergrande unit to sell entire stake in asset to cut debt - photo licensed by shore news network.

(Reuters) -China Evergrande said on Thursday one of its units had entered a deal to sell its entire stake in Shantou Hengmeng Property Development for … Read more

Categories In the News

Exclusive-China Evergrande offshore bondholder group to join liquidation petition – sources

January 24, 2024 by Reuters
Exclusive-china evergrande offshore bondholder group to join liquidation petition - sources - photo licensed by shore news network.

By Clare Jim HONG KONG (Reuters) – A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at … Read more

Categories In the News

China Evergrande gets court notice regarding unit’s $280 million recovery claim

December 5, 2023 by Reuters
China evergrande gets court notice regarding unit's $280 million recovery claim - photo licensed by shore news network.

(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 … Read more

Categories In the News

Evergrande creditor group supports maintaining operations, not bankruptcy-SCMP

December 1, 2023December 1, 2023 by Reuters
Evergrande creditor group supports maintaining operations, not bankruptcy-scmp - photo licensed by shore news network.

HONG KONG (Reuters) – A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported … Read more

Categories In the News

China Evergrande creditors seek controlling stakes in new proposal

December 1, 2023December 1, 2023 by Reuters
China evergrande creditors seek controlling stakes in new proposal - photo licensed by shore news network.

(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 … Read more

Categories In the News

China Evergrande unit commences legal proceedings against parent

November 28, 2023November 28, 2023 by Reuters
China evergrande unit commences legal proceedings against parent - photo licensed by shore news network.

(Reuters) – Evergrande Property Services Group said on Tuesday one of its units had commenced legal proceedings against Hengda Real Estate Group Company and embattled … Read more

Categories In the News

Evergrande chairman’s two luxury mansions seized by creditor – local media

November 21, 2023November 21, 2023 by Reuters
Evergrande chairman's two luxury mansions seized by creditor - local media - photo licensed by shore news network.

HONG KONG (Reuters) – Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande Group, Hui Ka Yan, have … Read more

Categories In the News

Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources

November 1, 2023November 1, 2023 by Reuters
Exclusive: evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources - photo licensed by shore news network.

By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap … Read more

Categories In the News

Evergrande will struggle to revive its debt restructuring plan

October 31, 2023 by Reuters
Evergrande will struggle to revive its debt restructuring plan - photo licensed by shore news network.

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, … Read more

Categories In the News

Evergrande held talks with creditors this week -Bloomberg News

October 27, 2023October 27, 2023 by Reuters
Evergrande held talks with creditors this week -bloomberg news - photo licensed by shore news network.

(Reuters) – China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News reported on Thursday citing people familiar … Read more

Categories In the News

Evergrande did not file court documents by requested time -source

October 25, 2023October 25, 2023 by Reuters
Evergrande did not file court documents by requested time -source - photo licensed by shore news network.

By Clare Jim HONG KONG (Reuters) – China Evergrande Group did not submit defence documents to a Hong Kong court before a deadline that comes … Read more

Categories In the News

Evergrande offshore bondholders surprised by debt restructuring regulatory hurdles

October 9, 2023October 9, 2023 by Reuters
Evergrande offshore bondholders surprised by debt restructuring regulatory hurdles - photo licensed by shore news network.

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 … Read more

Categories Business News

China Evergrande shares set to resume trade on Tuesday

October 2, 2023 by Reuters
China evergrande shares set to resume trade on tuesday - photo licensed by shore news network.

(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, … Read more

Categories Business News

Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

September 29, 2023 by Reuters
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets - photo licensed by shore news network.

By Scott Murdoch SYDNEY (Reuters) – China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking … Read more

Categories Business News

China Evergrande chairman under scrutiny on suspicion of illegal crimes

September 28, 2023September 28, 2023 by Reuters
China evergrande chairman under scrutiny on suspicion of illegal crimes - photo licensed by shore news network.

(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 … Read more

Categories Business News

Explainer-What’s in store for China Evergrande with its chairman now under police watch?

September 27, 2023September 27, 2023 by Reuters
Explainer-what's in store for china evergrande with its chairman now under police watch? - photo licensed by shore news network.

By Scott Murdoch SYDNEY (Reuters) – The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more … Read more

Categories Business News

China Evergrande defers scheme meeting to reassess terms of proposed restructuring

September 22, 2023September 22, 2023 by Reuters
China evergrande defers scheme meeting to reassess terms of proposed restructuring - photo licensed by shore news network.

(Reuters) – China Evergrande said on Friday it would not be conducting the scheme meeting scheduled on Sept. 25 and Sept. 26 as the embattled … Read more

Categories Business News

China police detain some Evergrande wealth management staff

September 17, 2023 by Reuters
China police detain some evergrande wealth management staff - photo licensed by shore news network.

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 … Read more

Categories Business News

China Evergrande delays decision on offshore debt restructuring to October

September 8, 2023 by Reuters
China evergrande delays decision on offshore debt restructuring to october - photo licensed by shore news network.

(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. … Read more

Categories Business News

China Evergrande shares set to open down 14.3%

August 28, 2023 by Reuters
China evergrande shares set to open down 14. 3% - photo licensed by shore news network.

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 … Read more

Categories Business News

China Evergrande says resumption guidance fulfilled, shares set to trade next week

August 25, 2023 by Reuters
China evergrande says resumption guidance fulfilled, shares set to trade next week - photo licensed by shore news network.

(Reuters) – Embattled property developer China Evergrande Group said on Friday it has “adequately” fulfilled the resumption guidance issued by the Hong Kong Stock Exchange … Read more

Categories Business News

China Evergrande says bankruptcy protection filing does not involve petition

August 18, 2023 by Reuters
China evergrande says bankruptcy protection filing does not involve petition - photo licensed by shore news network.

(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 … Read more

Categories Business News

China Evergrande to delay creditors’ meetings amid fresh restructuring plan

August 16, 2023August 16, 2023 by Reuters
China evergrande to delay creditors' meetings amid fresh restructuring plan - photo licensed by shore news network.

(Reuters) – Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG class A and class C … Read more

Categories Business News

China Evergrande EV unit to issue fresh shares in restructuring plan

August 14, 2023August 14, 2023 by Reuters
China evergrande ev unit to issue fresh shares in restructuring plan - photo licensed by shore news network.

(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 … Read more

Categories Business News

China’s Evergrande Property applies to resume trading on Hong Kong exchange

August 2, 2023 by Reuters
China's evergrande property applies to resume trading on hong kong exchange - photo licensed by shore news network.

(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 … Read more

Categories Business News

Evergrande EV unit reports about $10 billion loss for 2021, 2022

July 26, 2023 by Reuters
Evergrande ev unit reports about $10 billion loss for 2021, 2022 - photo licensed by shore news network.

(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 … Read more

Categories Business News

China Evergrande ordered to pay $111 million in arbitration against unit, exec

May 12, 2023 by Reuters
China evergrande ordered to pay $111 million in arbitration against unit, exec - photo licensed by shore news network.

(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against … Read more

Categories Business News

China Evergrande says directors fell ‘below standards’ in property unit probe

February 15, 2023 by Reuters
China evergrande says directors fell 'below standards' in property unit probe - photo licensed by shore news network.

(Reuters) – Property developer China Evergrande Group said on Wednesday an independent committee found its directors fell “below standards” through their involvement in diverting loans … Read more

Categories Business News

Evergrande chairman says 2023 crucial for home delivery, debt repayment

January 3, 2023 by Reuters
Evergrande chairman says 2023 crucial for home delivery, debt repayment - photo licensed by shore news network.

HONG KONG (Reuters) – This will be a “crucial year” for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan … Read more

Categories Business News

Evergrande to sell Shenzhen commercial plot for $1.05 billion amid debt woes

November 28, 2022November 28, 2022 by Reuters
Evergrande to sell shenzhen commercial plot for $1. 05 billion amid debt woes - photo licensed by shore news network.

(Reuters) – China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for … Read more

Categories Business News

Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg

November 24, 2022 by Reuters
Evergrande creditors ask chairman for $2 billion fund infusion -bloomberg - photo licensed by shore news network.

(Reuters) – Debt-laden developer China Evergrande Group has told offshore creditors that it plans to present a restructuring proposal as soon as the first week … Read more

Categories Business News

Debt-laden China Evergrande gives back land sites to Wuhan city

November 21, 2022 by Reuters
Debt-laden china evergrande gives back land sites to wuhan city - photo licensed by shore news network.

HONG KONG (Reuters) – A Chinese municipal district said it had taken back 134,500 hectares (332.4 acres) of land formerly held by a unit of … Read more

Categories Business News

Land for Evergrande Shenzhen headquarters put up for auction

November 11, 2022 by Reuters
Land for evergrande shenzhen headquarters put up for auction - photo licensed by shore news network.

HONG KONG (Reuters) – A land plot in Shenzhen for building China Evergrande Group headquarters is put up for auction at a starting price of … Read more

Categories Business News

China Evergrande unit gets notice for $4.48 billion loan from Shengjing Bank

November 1, 2022November 1, 2022 by Reuters
China evergrande unit gets notice for $4. 48 billion loan from shengjing bank - photo licensed by shore news network.

(Reuters) – Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co … Read more

Categories US and World News

Moody’s withdraws ratings of China’s Evergrande and Kaisa

October 11, 2022 by Reuters
Moody's withdraws ratings of china's evergrande and kaisa - photo licensed by shore news network.

(Reuters) – Moody’s on Tuesday said it withdrew the ratings of property developers China Evergrande Group and Kaisa Group because of insufficient information. Moody’s said … Read more

Categories US and World News

Shenzhen govt-owned firm steps in to complete four Evergrande projects

September 27, 2022 by Reuters
Shenzhen govt-owned firm steps in to complete four evergrande projects - photo licensed by shore news network.

HONG KONG (Reuters) – Embattled China Evergrande Group is working with a real estate investment and operations firm owned by the Shenzhen government to complete … Read more

Categories US and World News

Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7

September 5, 2022 by Reuters
Evergrande winding-up lawsuit in hong kong adjourned to nov 7 - photo licensed by shore news network.

HONG KONG (Reuters) – Hong Kong’s High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn … Read more

Categories Financial News

Evergrande winding-up lawsuit in Hong Kong adjourned until Sept. 5

August 31, 2022 by Reuters
Evergrande winding-up lawsuit in hong kong adjourned until sept. 5 - photo licensed by shore news network.

HONG KONG (Reuters) – China Evergrande Group on Wednesday opposed a winding-up petition filed in a Hong Kong court, with the hearing now being adjourned … Read more

Categories Financial News

China Evergrande to get $817.8 million for giving up land use rights for soccer stadium

August 4, 2022 by Reuters
China evergrande to get $817. 8 million for giving up land use rights for soccer stadium - photo licensed by shore news network.

(Reuters) -Troubled property developer China Evergrande Group said on Thursday it would receive 5.52 billion yuan ($817.8 million) for cancelling a contract to buy land-use … Read more

Categories Financial News

Explainer-What’s next for China Evergrande after a restructuring proposal?

July 29, 2022 by Reuters
Explainer-what's next for china evergrande after a restructuring proposal? - photo licensed by shore news network.

By Clare Jim HONG KONG – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener … Read more

Categories Financial News

Timeline: Snowballing crisis at Evergrande, world’s most indebted developer

July 29, 2022 by Reuters
Timeline: snowballing crisis at evergrande, world's most indebted developer - photo licensed by shore news network.

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 … Read more

Categories Financial News

Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

June 2, 2022 by Reuters
Fitch withdraws ratings on debt-laden china evergrande, subsidiaries - photo licensed by shore news network.

HONG KONG – Fitch Ratings said on Thursday it has decided to withdraw its rating on embattled property developer China Evergrande Group and two of … Read more

Categories Financial News

China Evergrande targets sales of $152 million in Golden Week holiday

April 27, 2022 by Reuters
China evergrande targets sales of $152 million in golden week holiday - photo licensed by shore news network.

HONG KONG – Embattled China Evergrande Group is targeting sales of 1 billion yuan ($152.26 million) during China’s Golden Week holiday, a person with knowledge … Read more

Categories Financial News

China Evergrande gains six-month extension for Hengda onshore coupon payment

April 27, 2022 by Reuters
China evergrande gains six-month extension for hengda onshore coupon payment - photo licensed by shore news network.

HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 … Read more

Categories Financial News

Evergrande electric vehicle arm to start taking car orders ‘imminently’

March 27, 2022 by Reuters
Evergrande electric vehicle arm to start taking car orders 'imminently' - photo licensed by shore news network.

HONG KONG – China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility … Read more

Categories Financial News

China Evergrande meets onshore bondholders over delayed coupon payment

March 18, 2022 by Reuters
China evergrande meets onshore bondholders over delayed coupon payment - photo licensed by shore news network.

HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to … Read more

Categories Financial News

China grants Evergrande NEV approval to start vehicle sales

March 14, 2022 by Reuters
China grants evergrande nev approval to start vehicle sales - photo licensed by shore news network.

SHANGHAI – China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 … Read more

Categories Financial News
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