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…
China Evergrande ordered to pay $111 million in arbitration against unit, exec
(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against its unit and executive director by Hexin…
China Evergrande says directors fell ‘below standards’ in property unit probe
(Reuters) – Property developer China Evergrande Group said on Wednesday an independent committee found its directors fell “below standards” through their involvement in diverting loans secured by unit Evergrande Property Services to…
Evergrande chairman says 2023 crucial for home delivery, debt repayment
HONG KONG (Reuters) – This will be a “crucial year” for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on…
Evergrande to sell Shenzhen commercial plot for $1.05 billion amid debt woes
(Reuters) – China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for 7.54 billion yuan ($1.05 billion), as the…
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
(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 of December, Bloomberg News reported on Thursday.…
Debt-laden China Evergrande gives back land sites to Wuhan city
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 debt-laden developer China Evergrande Group and had…
Land for Evergrande Shenzhen headquarters put up for auction
HONG KONG (Reuters) – A land plot in Shenzhen for building China Evergrande Group headquarters is put up for auction at a starting price of 7.5 billion yuan ($1.06 billion), a notice…
China Evergrande unit gets notice for $4.48 billion loan from Shengjing Bank
(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 Ltd. The bank said it failed to…
Moody’s withdraws ratings of China’s Evergrande and Kaisa
(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 it also withdrew its ratings on Evergrande’s…
Shenzhen govt-owned firm steps in to complete four Evergrande projects
HONG KONG (Reuters) – Embattled China Evergrande Group is working with a real estate investment and operations firm owned by the Shenzhen government to complete four property developments in the tech hub,…
Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7
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 a winding-up petition against it to Nov.…
Evergrande winding-up lawsuit in Hong Kong adjourned until Sept. 5
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 until Sept. 5. An investor in Evergrande’s…
China Evergrande to get $817.8 million for giving up land use rights for soccer stadium
(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 rights for a soccer stadium. The indebted…
Explainer-What’s next for China Evergrande after a restructuring proposal?
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 for restructuring offshore debt, the developer said,…
Timeline: Snowballing crisis at Evergrande, world’s most indebted developer
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 debt, the developer said, as a stifling…
Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries
HONG KONG – Fitch Ratings said on Thursday it has decided to withdraw its rating on embattled property developer China Evergrande Group and two of its subsidiaries as the firms have stopped…
China Evergrande targets sales of $152 million in Golden Week holiday
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 of the matter said, as the property…
China Evergrande gains six-month extension for Hengda onshore coupon payment
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 million yuan ($88 million) coupon payment for…
Evergrande electric vehicle arm to start taking car orders ‘imminently’
HONG KONG – China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, “imminently” and open sales centres in…
China Evergrande meets onshore bondholders over delayed coupon payment
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 delay a coupon payment due last September…
China grants Evergrande NEV approval to start vehicle sales
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 sport utility vehicle, according to a document…
China’s Evergrande seeks legal advice over HK rural plot
HONG KONG – China Evergrande Group said on Sunday that recievers have been appointed for a plot of undeveloped land in Hong Kong’s rural Yuen Long district, in the latest development to…
China Evergrande appoints EV unit chairman as executive director
– China Evergrande Group said on Sunday it had appointed its Energy Vehicle unit’s chairman as an executive director. Evergrande said in a Hong Kong Stock Exchange filing that Siu Shawn, 50,…
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