China Evergrande
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China Evergrande owes $28 million for Changchun land, city govt says
Heavily indebted property developer China Evergrande Group owes the equivalent of $28 million for land in the northeastern city of Changchun it bought in June, municipal authorities said. Heavily indebted property developer China Evergrande Group owes the equivalent of $28 million for land in the northeastern city of Changchun it bought in June, municipal authorities said. -
China's property sector stalked by Evergrande default fears
Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector's woes, Evergrande Group, missed its third round of bond payments in as many weeks and others warned of defaults. Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector's woes, Evergrande Group, missed its third round of bond payments in as many weeks and others warned of defaults. -
China's bond markets slump again as new Evergrande deadline passes
Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines. Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines. -
Embattled Evergrande's EV unit vows to make cars early next year
China's embattled Evergrande New Energy Vehicle Group said on Monday it aimed to start producing electric vehicles (EV) next year despite facing a struggle to secure external investment. China's embattled Evergrande New Energy Vehicle Group said on Monday it aimed to start producing electric vehicles (EV) next year despite facing a struggle to secure external investment. -
Building default fears pummel Chinese property firms
Chinese property firms watched their bonds take another beating on Friday as the prospect of a wave of defaults in the sector in the wake of China Evergrande's troubles continued to scare off investors. Chinese property firms watched their bonds take another beating on Friday as the prospect of a wave of defaults in the sector in the wake of China Evergrande's troubles continued to scare off investors. -
Evergrande creditors fear imminent default as concerns shake sector
China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said. China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said. -
Evergrande's major shareholder Chinese Estates plans to go private
Chinese Estates Holdings, a major shareholder of embattled developer China Evergrande, said on Wednesday it had proposed to be taken private by Solar Bright Ltd for HK$1.91 billion ($245.30 million). Chinese Estates Holdings, a major shareholder of embattled developer China Evergrande, said on Wednesday it had proposed to be taken private by Solar Bright Ltd for HK$1.91 billion ($245.30 million). -
Evergrande's debt storm batters more Chinese property companies' bonds
Kaisa Group <1638.HK>, Central China Real Estate and Greenland became the latest property companies to see their bonds battered by uncertainty surrounding debt troubles at China Evergrande. Kaisa Group <1638.HK>, Central China Real Estate and Greenland became the latest property companies to see their bonds battered by uncertainty surrounding debt troubles at China Evergrande. -
Fitch Ratings Downgrades Two Other Chinese Developers Amid Evergrande Crisis
Fitch Ratings downgraded the ratings of Fantasia Holdings and Sinic Holdings due to increased risks of the companies defaulting on their bonds. Fitch Ratings downgraded the ratings of Fantasia Holdings and Sinic Holdings due to increased risks of the companies defaulting on their bonds. -
Chinese property developers' ability to repay debt hits decade low
Even before China Evergrande Group's debt crisis sent the country's property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data showed. Even before China Evergrande Group's debt crisis sent the country's property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data showed.