EGRNF News and Press, China Evergrande Group From 06/06/23

2023-06-06 07:42:42 ET Evergrande Property Services ( OTC:EVGPY ) ( OTC:EVGPF ) management said it expects the company will have enough working capital to meet its financial obligations through June 30, 2024, according to a filing made on Tuesday. As part of that opinion, the co...

2023-04-25 11:09:51 ET Struggling Chinese real estate conglomerate China Evergrande Group ( OTC:EGRNF ) ( OTC:EGRNY ) said its electric vehicle unit ( OTC:EVGRF ) will record a gain of about 24.79B yuan (US$3.59B) from transferring two companies to another group unit as part of ...

2023-03-28 15:15:54 ET Sunac China Holdings ( OTC:SCCCF ) ( OTC:SNCHY ) has reach a pact with a group of bondholders as the distressed Chinese property developer released the game plan for its debt restructuring plan, according to a Hong Kong exchange filing dated Tuesday. ...

2023-03-23 09:07:35 ET China Evergrande Group's ( OTC:EGRNF ) ( OTC:EGRNY ) recently unveiled restructuring proposal for $22.7B of offshore debt has failed to satisfy investors due to its lengthy repayment period and inadequate sweeteners, Reuters reported Thursday, citing c...

2023-03-22 12:01:55 ET China Evergrande ( OTC:EGRNF ) ( OTC:EGRNY ) said Wednesday it has reached binding agreements with an ad hoc committee of holders of its existing U.S. dollar denominated notes that give creditors a range of options in exchanging their existing notes for ne...

2023-03-22 07:40:13 ET China Evergrande Group ( OTC:EGRNF ) ( OTC:EGRNY ) is set to announce on Wednesday its restructuring proposal for $22.7B of offshore debt that would give creditors a number of options for converting their debt into new bonds with extended maturity and eq...

2023-03-20 09:54:35 ET China Evergrande Group ( OTC:EGRNF ) ( OTC:EGRNY ), the world's most indebted property developer with over $300B in liabilities, is planning to release on Wednesday an offshore debt restructuring plan, the company's attorney told a Hong Kong court, as re...

China Evergrande ( OTCMKTS:EGRNF ) could be forced to wind down its operations this month, in one of the biggest corporate failures in modern times. The company, which was once the biggest real estate developer in the country, has failed to reach an agreement with its creditors. Evergrand...

PricewaterhouseCoopers (PwC) has resigned as China Evergrande's ( OTC:EGRNF ) ( OTC:EGRNY ) auditor as of Jan. 16, 2023, due to disagreements over a number of issues, including the scope and timeframe for PwC's assessment of Evergrande's subsidiaries as a going concern, the property devel...

China Evergrande Group ( OTC:EGRNF ) ( OTC:EGRNY ) Chairman told the property developer's employees that focusing on delivering homes it has pre-sold will help to solve its debt crisis. "As long as Evergrande ( OTC:EGRNF ) employees can keep construction going, resume sales, and r...