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The woes China Evergrande ( OTCPK:EGRNF ) ( OTCPK:EGRNY ), the Chinese property developer struggling with over $300B of debt, has spread across the country's economy as the company's suppliers now deal with the aftermath. Companies in industries such as steel, paint and in...
The Hong Kong-based headquarters of China Evergrange ( OTCPK:EGRNF ) ( OTCPK:EGRNY ) have been snatched by an unidentified lender after the debt-laden property developer defaulted on a loan and failed to liquidate the building two separate times, four people familiar with the ...
China Evergrande's ( OTCPK:EGRNF ) ( OTCPK:EGRNY ) stake in Shengjing Bank was auctioned off to a group of seven companies, including companies owned by the Chinese city of Shenyang, for 7.3B yuan ($1.05B), according to reports citing Taobao, an online auction platform ope...
China Evergrande ( OTCPK:EGRNF ) ( OTCPK:EGRNY ), the Chinese property developer laden with over $300B in liabilities said its Nanchang subsidiary was ordered to pay over $1B in an arbitration ruling. The arbitration was started by a company that provided a guarantee f...
Trouble is brewing in China's property market, which is coming off a major debt-fueled building boom. A liquidity crisis that was headlined last year by the default of China Evergrande ( OTCPK:EGRNF ) has only gotten worse, with the country's largest real-estate developer failing ...
CK Asset, a firm founded by billionaire Li Ka-shing, has confirmed that it put in a bid to buy China Evergrande's ( OTCPK:EGRNF ) ( OTCPK:EGRNY ) Hong Kong headquarters, Reuters reported Thursday. Struggling with more than $300B in liabilities, China Evergrande ( OTC...
China Evergrande ( OTCPK:EGRNF ) ( OTCPK:EGRNY ), one of the largest property developers in the world's second-largest economy, is expected to announce this week a plan to restructure its more than $20B of offshore debt, Reuters reported Monday. The company, which has mo...
China Evergrande Group's ( OTCPK:EGRNF ) ( OTCPK:EGRNY ) CEO and chief financial officer have resigned from the debt-laden property developer after preliminary results of an investigation found the two were involved in diverting loans meant for its Hong Kong-listed Everg...
China Evergrande ( OTCPK:EGRNF ) ( OTCPK:EGRNY ), a debt-laden property developer, wants to release some details of a preliminary restructuring plan later this month, while creditors are urging the company to wait until they can agree on some terms, the Wall Street Journal ...
China Evergrande New Energy Vehicle Group ( OTC:EVGRF ) has received more than 37K non-binding pre-orders for its new Hengchi 5 model, according to the company. The company’s president Liu Yongzhuo said at an online event that the order thus far, just two weeks af...
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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...