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Page 2 - Evergrande

China Evergrande says hiring more advisers to help deal with debt

China Evergrande Group said on Friday that it was hiring more financial and legal advisers to help it with demands from creditors

China Evergrande says hiring more advisers to help deal with debt
Updated On : 21 Jan 2022 | 10:57 AM IST

China's Evergrande shares climb after winning bond payment delay

Evergrande is working to avoid a technical default onshore that would complicate its politically sensitive restructuring

China's Evergrande shares climb after winning bond payment delay
Updated On : 14 Jan 2022 | 10:27 AM IST

Evergrande unit gets investors to back yuan bond payment delay

Bondholders of more than half of the principal agreed to a proposed payment extension, the developer's Hengda Real Estate Group Co. unit said

Evergrande unit gets investors to back yuan bond payment delay
Updated On : 13 Jan 2022 | 10:33 PM IST

Delinquent Shimao, Kaisa units named and shamed as defaults rise in China

The total number of such delinquent firms jumped 26% in December from the previous month, according to the list published by the Shanghai Commercial Paper Exchange.

Delinquent Shimao, Kaisa units named and shamed as defaults rise in China
Updated On : 12 Jan 2022 | 1:22 PM IST

After backing China Evergrande, this firm is world's worst-performing bank

An ill-fated push into property lending has instead turned China Minsheng Banking Corp. into one of the biggest casualties of the real estate debt crisis that's roiling Asia's largest economy

After backing China Evergrande, this firm is world's worst-performing bank
Updated On : 12 Jan 2022 | 8:23 AM IST

Shimao puts residential projects on sale as China property woes deepen

The Shanghai-based property developer has struck a preliminary deal with a Chinese state-owned company to sell its Shimao International Plaza Shanghai, a commercial property on Shanghai's Nanjing Road

Shimao puts residential projects on sale as China property woes deepen
Updated On : 10 Jan 2022 | 11:26 AM IST

China Evergrande to meet with yuan bondholders to delay redemption date

The bonds in question are Hengda Real Estate Group's 4.5 billion yuan ($156.92 million) 6.98% January 2023 bond, which gives bondholders the option to sell bonds back to the issuer this weekend

China Evergrande to meet with yuan bondholders to delay redemption date
Updated On : 05 Jan 2022 | 10:05 AM IST

'Return our money!': Investors protest at office of China's Evergrande

Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company's offices in Guangzhou

'Return our money!': Investors protest at office of China's Evergrande
Updated On : 04 Jan 2022 | 1:11 PM IST

China Evergrande shares halted; firm to release 'inside information'

The company is struggling to repay more than $300 billion in liabilities

China Evergrande shares halted; firm to release 'inside information'
Updated On : 03 Jan 2022 | 10:15 PM IST

Evergrande races to restart projects as debt repayments loom

Nearly 92 per cent of Evergrande's property projects have so far restarted

Evergrande races to restart projects as debt repayments loom
Updated On : 27 Dec 2021 | 11:52 PM IST

2021, the year that was for world: A chaotic return to the usual

2021 started on a sour note for the democratic world and it remained under pressure from a dominant communist China

2021, the year that was for world: A chaotic return to the usual
Updated On : 23 Dec 2021 | 11:05 PM IST

Evergrande declared in default by S&P for failed coupon payments

S&P Global cut Evergrande to "selective default" over its failure to make coupon payments

Evergrande declared in default by S&P for failed coupon payments
Updated On : 18 Dec 2021 | 12:23 AM IST

Creditors sue China Evergrande Group for $13 billion in claims

A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases

Creditors sue China Evergrande Group for $13 billion in claims
Updated On : 16 Dec 2021 | 10:37 PM IST

Chinese authorities scrutinising assets of Evergrande Group, its chairman

The audit, previously unreported, highlights how Beijing is taking charge at Evergrande after the real estate giant missed payments on two overseas bonds

Chinese authorities scrutinising assets of Evergrande Group, its chairman
Updated On : 16 Dec 2021 | 12:31 AM IST

Omicron, inflation, Evergrande: 10 biggest risks to global economy in 2022

Taiwan, a run on emerging markets, hard Brexit, a fresh euro crisis, and rising food prices also feature in a rogues' gallery of risks

Omicron, inflation, Evergrande: 10 biggest risks to global economy in 2022
Updated On : 13 Dec 2021 | 8:19 PM IST

Evergrande, Kaisa rated 'restricted default' by Fitch after missed payment

Cross defaults triggered for both companies, says rating agency

Evergrande, Kaisa rated 'restricted default' by Fitch after missed payment
Updated On : 10 Dec 2021 | 2:43 AM IST

Top headlines: Farmers call off protest; WHO advisory on booster shots

Business Standard brings you the top stories on Thursday

Top headlines: Farmers call off protest; WHO advisory on booster shots
Updated On : 09 Dec 2021 | 6:05 PM IST

China Evergrande hits new low on default worries; Kaisa misses pay date

Bondholders owning over 50% of the notes in question sent the company draft terms of forbearance late on Monday

China Evergrande hits new low on default worries; Kaisa misses pay date
Updated On : 08 Dec 2021 | 11:29 AM IST

China Evergrande's debt deadline lapses; Kaisa Group adds to woes

With more than 1,300 real estate projects, Evergrande was once China's top property developer

China Evergrande's debt deadline lapses; Kaisa Group adds to woes
Updated On : 08 Dec 2021 | 1:02 AM IST

What's next for China Evergrande after missing coupon payments

HONG KONG (Reuters) -Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default.

What's next for China Evergrande after missing coupon payments
Updated On : 07 Dec 2021 | 2:52 PM IST