Evergrande

The Latest

  • Evergrande's Debt Restructuring Plan Faces Hurdles Amid Regulatory Probe
    Evergrande's major shareholder Chinese Estates plans to go private
    Evergrande, the embattled Chinese real estate giant, is facing significant challenges in its efforts to restructure its colossal debts. The company revealed on Sunday that its plan is in jeopardy due to a regulatory investigation into its primary subsidiary, Hengda Real Estate Group. This probe has rendered Evergrande "unable to meet the qualifications" for issuing new notes, which are short or medium-term securities.
  • Evergrande's Bankruptcy Reverberates: A Glimpse into China's Property Crisis
    China Evergrande
    In a move that has sent shockwaves through the global financial community, China's Evergrande Group, once the nation's second-largest property developer, has officially filed for bankruptcy in New York. This development is the latest chapter in a saga that has seen the beleaguered firm default on its massive debt, igniting a significant property crisis in China's economy.
  • Evergrande's EV Subsidiary Faces Production Halt Due to Funding Shortfall
    China Evergrande
    China Evergrande New Energy Vehicle Group Ltd, the electric vehicle (EV) subsidiary of the troubled China Evergrande Group, warned on Thursday that it might have to cease production if it cannot secure new funding.
  • China Evergrande Seeks To Alleviate Debt Crisis Amid Struggle To Beat Court Deadline On Restructuring Terms: Report
    China's troubled property behemoth averts default for now
    Evergrande is due to appear in a Hong Kong court on March 20 for hearing on a winding up petition filed by a creditor
  • Chinese Property Developers Struggle To Stay In Business
    China Evergrande
    Sichuan Languang Development, a builder of residential buildings and offices based in the southwestern city of Chengdu, had to let go 90% of its workforce
  • Restructuring Proposals For Evergrande Are Expected To Be Approved Early Next Year
    China's troubled property behemoth averts default for now
    The issue in the nation's real estate market is currently being centered on Evergrande.
  • The First EV Model From China's Evergrande Is Here
    China Evergrande
    China Evergrande Group said its electric vehicle (EV) unit started mass production of the Hengchi 5.
  • Evergrande Forced To Pay $1.1 Billion For Breaching Debt Obligations
    China Evergrande
    Evergrande has established what it calls preliminary guidelines for restructuring its offshore debt and is providing asset packages to global bondholders and creditors.
  • Bitcoin Attempts To Climb Back As Evergrande-Led Selloff Wanes
    SEC CONFUSION?
    Bitcoin, other leading cryptocurrencies drop as China sends shudders down markets.