China Evergrande Group said on Friday that it was hiring more financial and legal advisers to help it with demands from creditors
Evergrande is working to avoid a technical default onshore that would complicate its politically sensitive restructuring
Bondholders of more than half of the principal agreed to a proposed payment extension, the developer's Hengda Real Estate Group Co. unit said
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.
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
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
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
Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company's offices in Guangzhou
The company is struggling to repay more than $300 billion in liabilities
Nearly 92 per cent of Evergrande's property projects have so far restarted
2021 started on a sour note for the democratic world and it remained under pressure from a dominant communist China
S&P Global cut Evergrande to "selective default" over its failure to make coupon payments
A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases
The audit, previously unreported, highlights how Beijing is taking charge at Evergrande after the real estate giant missed payments on two overseas bonds
Taiwan, a run on emerging markets, hard Brexit, a fresh euro crisis, and rising food prices also feature in a rogues' gallery of risks
Cross defaults triggered for both companies, says rating agency
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Bondholders owning over 50% of the notes in question sent the company draft terms of forbearance late on Monday
With more than 1,300 real estate projects, Evergrande was once China's top property developer
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.