EGRNY News and Press, China Evergrande Group ADR From 12/20/21

In the wake of a widespread China-based real estate crisis that was first ignited by China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY) liquidity crunch, property developer Kaisa Group Holdings (OTCPK:KKPFF) fails to make some dollar bond payments, and is talking to creditors about a restructurin...

Chinese real estate stocks were among the leaders to the downside during Tuesday's weak session on Wall Street. Concerns surrounding Shimao Group (OTCPK:SIOPF) sparked losses across the industry, including notable retreats from Nam Tai Property (NYSE:NTP) and MDJM (NASDAQ:MDJH). The drug deve...

In the wake of China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY), the Chinese real estate sector gets another blow as J.P. Morgan downgrades Shimao Group (OTCPK:SIOPF -32.4%) and its property-services unit, as a transaction between the two companies flashes warning signs, according to a Bloomber...

China Evergrande (OTCPK:EGRNF +2.8%) (OTCPK:EGRNY +2.7%) officially defaults as Fitch Ratings cut the company's debt rating to "restricted default" after it failed to make two coupon payments by the end of a grace period on Monday. The ratings downgrade applies to the long-term foreign-curren...

This month I started repositioning my portfolio, decreasing total holdings to 35. Dividend was almost double that of last November. My new forward dividend is $818.60 after tax. For further details see: My Portfolio November Update - Repositioning For The New Year

Japan's Financial Services Agency plans to propose legislation in 2022 to restrict issuance of stablecoins to banks and wire transfer companies, Nikkei reports. The liquidity crunch that China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) is facing is also throwing some attention onto stablecoins' s...

China Evergrande (OTCPK:EGRNF -12.7%) (OTCPK:EGRNY -14.2%) stock falls further as the property developer struggles with its heavy debt load and faces the end of 30-day grace period for coupon payments of $82.5M. The company plans to include all of its public bonds and private debt obligations...

My portfolio, built specifically for my retirement ~20+ years from now, rides the November volatility in the market as this year's Santa run begins amidst COVID fears. Rivian finally IPOs as I add shares of this EV monster to hopefully follow in the footsteps of Tesla as America's aut...

While China Evergrande (OTCPK:EGRNF -7.9%) (OTCPK:EGRNY -5.1%) struggled to make coupon payments on its international bonds, Ashmore Group (OTCPK:AJMPF) bought almost $100M more of bonds issued by the Chinese property developer or its subsidiaries, Bloomberg reports, citing data it compiled. ...

In the wake of China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY) liquidity crisis and broader distress felt by property developers in China, pricing in the Asia high-yield market has "detached from other credit markets to a degree rarely seen," Guggenheim Global Chief Investment Officer Scott Mi...