Nov 20, 2021 08:32 AM IST
China Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.
- Nov 11, 2021 10:00 AM IST
All eyes had been on the heavily indebted company as it faced a Wednesday deadline for $148 million in coupon payments -- after missing the initial due dates last month.
- Nov 10, 2021 05:16 PM IST
Evergrande, the world's most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of which are international market bonds.
- Nov 04, 2021 03:56 PM IST
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.
- Nov 03, 2021 09:10 AM IST
In a statement, the firm, once China’s top-selling developer, said it had delivered homes to 57,462 owners over the period.
- Oct 29, 2021 07:56 AM IST
Evergrande’s liquidity crunch against more than $300 billion in liabilities sparked global concern it could trigger systemic risks.
- Oct 28, 2021 07:22 AM IST
The company’s advisers Houlihan Lokey Inc and Admiralty Harbour Capital along with offshore bondholder advisers Moelis & Co and Kirkland & Ellis have signed non-disclosure agreements in preparation for potential talks, according to the report on Wednesday.
- Oct 22, 2021 09:48 AM IST
Shares of Evergrande, which is saddled with more than $300 billion in liabilities, rose as much as 8 percent early on October 22 after it wired funds to a trustee account for a bond interest payment
- Oct 22, 2021 09:39 AM IST
Evergrande Group's struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis
- Oct 22, 2021 09:20 AM IST
Surging prices around the world and central banks' moves to bring an end to their financial largesse have acted as a major drag on markets for months owing to the prospect that the era of cheap cash is coming to an end
- Oct 20, 2021 07:16 PM IST
The company suspended trading on October 4 as it struggled in a sea of debt and faces a default, with its predicament fuelling fears of contagion through the Chinese economy.
- Oct 19, 2021 02:26 PM IST
The liquidity crisis at Evergrande, which has $300 billion in debt and has missed a series in bond payments, has roiled global markets. High-yield bonds issued by Chinese property developers have been especially hammered.
- Oct 06, 2021 11:23 AM IST
Centaline filed a suit against Evergrande in September to recover HK$3.1 million ($398,196) in overdue commissions, a court filing showed, while the South China Morning Post newspaper reported Midland Holdings is claiming unpaid commission of HK$43.45 million for two developments in Hong Kong.
- Oct 04, 2021 10:18 AM IST
Once China's top-selling developer, Evergrande is facing what could be one of the country's largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion in liabilities.
- Oct 04, 2021 08:08 AM IST
Shares of its unit Evergrande Property Services Group were also suspended, according to the Hong Kong stock exchange.
- Sep 29, 2021 02:21 PM IST
The stake sale to a state-owned group is Evergrande's first major asset disposal as it attempts to claw its way back from the brink of collapse.
- Sep 29, 2021 09:58 AM IST
Beijing has signaled that it will no longer tolerate the strategy of borrowing to fuel business expansion that turned Xu and his company into a real estate powerhouse, pushing Evergrande to the precipice.
- Sep 28, 2021 09:01 PM IST
S&P Global Ratings have kept their growth forecast for India unchanged at 9.5 percent while ICRA has updated its forecast from the earlier 8.5 percent to 9 percent.
- Sep 28, 2021 05:22 PM IST
Evergrande, saddled with $305 billion in liabilities, is teetering on the brink of collapse. But the central government is unlikely to intervene directly to resolve Evergrande's crisis in the form of a bailout, according to six people, including four in government and regulatory bodies.
- Sep 28, 2021 12:41 PM IST
Spot gold was steady at $1,749.86 per ounce by 0454 GMT, while U.S. gold futures edged 0.1% down to $1,749.80.
- Sep 28, 2021 08:10 AM IST
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.13% lower on Tuesday, following a mixed session on Wall Street
- Sep 27, 2021 09:19 AM IST
China concerns are likely to impact steel sector and Indian players will have an opportunity for higher exports. Steel prices are likely to remain elevated based on higher coking coal prices
- Sep 24, 2021 10:30 AM IST
Evergrande has run short of cash to service its debt of $300 billion.
- Sep 24, 2021 07:27 AM IST
The company has run short of cash to fund its $305 billion in debts and markets are worried that a collapse could pose systemic risks to China’s financial system and reverberate around the world.
- Sep 23, 2021 04:31 PM IST
In a recent meeting with Evergrande executives, regulators said the company should communicate proactively with bondholders to avoid a default but didn't give more specific guidance, it reported, citing a person familiar with the matter.