China Evergrande’s EV share sale deal lapses
By Summer Zhen HONG KONG (Reuters) – A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and U.S.-listed NWTN has lapsed,…
Evergrande’s long-delayed 2021, 2022 results show significant losses
HONG KONG (Reuters) – Embattled property developer China Evergrande Group on Monday published its long delayed results for fiscal 2021 and 2022, posting significant losses and big drops in revenue. The world’s…
Shareholders of Evergrande’s EV unit agree on restructuring deal
By Xie Yu HONG KONG (Reuters) – Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two subsidiaries in a restructuring, according to a filing with the…
Evergrande’s $1.2 billion onshore bondholders to vote on offshore restructuring plan on Wed
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday…
China Evergrande’s stake in services unit drops to 51.7% on forced selling – filing
HONG KONG (Reuters) – China Evergrande Group’s shareholding in its property services unit has fallen to 51.71% from 58.18% after forced selling of pledged shares by a third party, a Hong Kong…
Dozens weigh bids for Evergrande’s Hong Kong headquarters
By Clare Jim HONG KONG (Reuters) – The seized Hong Kong headquarters of embattled China Evergrande Group has drawn interest from dozens of prospective buyers including local property developers, family offices, and…
Tender to sell Evergrande’s Hong Kong headquarters to close on Oct 31
HONG KONG (Reuters) – A tender sale of China Evergrande Group’s headquarters in Hong Kong will close on Oct. 31, real estate services firm Savills said, appointed by receivers to dispose of…
China Evergrande’s unit starts mass production of first EV model
SHANGHAI (Reuters) -China Evergrande Group said its electric vehicle (EV)unit started mass production on Friday of the Hengchi 5 model at a plant in the northern city of Tianjin. Delivery of the…
China state firms takeover Evergrande’s $1.1 billion holding in Shengjing Bank
HONG KONG (Reuters) – State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group’s shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion), Alibaba auction…
Evergrande’s debt revamp to provide roadmap on tackling China property crisis
By Clare Jim HONG KONG – China Evergrande Group, the world’s most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but…
Evergrande’s EV unit says it receives pre-orders for more than 37,000 Hengchi EVs
SHANGHAI – China Evergrande New Energy Vehicle Group Ltd said on Wednesday it had received non-binding pre-orders for more than 37,000 units of its first model Hengchi 5. Pre-orders for the Hengchi…
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