Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal HONG KONG: Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after... Published 27 May, 2024 10:20am
Business & Finance Chinese property developer Country Garden’s Hong Kong liquidation hearing adjourned HONG KONG: A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country... Published 17 May, 2024 11:11am
Business & Finance The people behind the indebted developer’s overhaul: China Evergrande SYDNEY/HONG KONG: Restructuring experts from Alvarez & Marsal will rely on China connections and a track record... Published 07 Feb, 2024 10:46am
World HK court orders China Evergrande to liquidate with debts of $300bn HONG KONG: A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, a move... Published 30 Jan, 2024 04:52am
Business & Finance Evergrande proposes offshore creditors get 30% equity stake in subsidiaries China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts... Published 01 Nov, 2023 11:00am
Markets China stocks rise on support signs; HK muted SHANGHAI: Chinese stocks rose on Monday, helped by fresh signs of government-orchestrated support measures, while... Published 31 Oct, 2023 05:26am
Markets Evergrande chairman investigated over offshore asset transfers China Evergrande Group Chairman Hui Ka Yan is being investigated on suspicion of transferring assets offshore while... Published 02 Oct, 2023 10:26am
Markets China ferrous futures rebound MANILA: Chinese iron ore and steel futures rose on Wednesday, rebounding after two days of losses, with news that... Published 22 Dec, 2022 05:57am
Business & Finance Debt-hit China Evergrande sells land for $1bn BEIJING: Embattled property giant China Evergrande has sold land earlier earmarked for its headquarters in the... Published 29 Nov, 2022 07:26am
Business & Finance Evergrande aims to win approval for restructuring proposals early next year HONG KONG: Embattled property developer China Evergrande Group aims to win creditors’ support for its debt... Published 28 Nov, 2022 09:21am
Business & Finance Evergrande eyes onshore assets as sweetener for offshore debt restructuring HONG KONG: Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore... Published 17 Nov, 2022 12:43pm
Business & Finance Evergrande discussing staggered payments, debt-to-equity swaps for $19bn offshore bonds HONG KONG: China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with... Published 27 May, 2022 11:44am
Markets New energy, machinery stocks lift China shares SHANGHAI: China stocks closed up on Monday, led by new energy and machinery shares, after the country’s central... Published 25 Jan, 2022 05:03am
Business & Finance China Evergrande reports progress in resuming home deliveries SHANGHAI: China Evergrande Group said on Sunday it had made initial progress in resuming construction work with its... Published 27 Dec, 2021 06:45am
Markets Hong Kong stocks erase gains SHANGHAI: Hong Kong stocks reversed earlier gains and ended lower on Monday, with optimism over Beijing’s policy... Published 14 Dec, 2021 06:40am
Markets Japan rubber futures slide TOKYO: Japanese rubber futures slid on Wednesday, on persisting worries over weak automobile sales in top buyer ... Published 09 Dec, 2021 04:29am
Business & Finance China Evergrande's snowballing debt crisis HONG KONG: Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a ... Published 07 Dec, 2021 12:00pm
Markets Hong Kong stocks end at 14-month low HONG KONG: Hong Kong shares closed at a fourteen-month month low on Monday, dragged by tech giants that tracked... Published 07 Dec, 2021 06:29am
Markets China stocks close lower SHANGHAI: China stocks closed lower on Thursday, led by metaverse-related shares as the state media flagged risks,... Published 19 Nov, 2021 04:35am
Business & Finance China Evergrande shares fall on persistent pressure from debt travails HONG KONG: Shares of cash-strapped China Evergrande Group and its electric vehicle unit fell early on Wednesday, as... Published 27 Oct, 2021 11:54am
Business & Finance China’s troubled property behemoth averts default for now SHANGHAI/HONG KONG: China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, ... Published 23 Oct, 2021 04:01am
Markets Miners pull London's FTSE 100 lower; Unilever gains LONDON: London's FTSE 100 index fell on Thursday, as miners dropped due to rising troubles in China's property ... Published 22 Oct, 2021 04:13am
Markets Japan's Nikkei falls nearly 2pc on election, China Evergrande jitters TOKYO: Japan's Nikkei share average fell nearly 2% on Thursday, weighed down by fresh fears around China Evergrande... Published 22 Oct, 2021 04:13am
Markets S.Korean stocks rebound on tech boost, easing China property woes SEOUL: Round-up of South Korean financial markets: South Korean shares ended higher on Tuesday, boosted by tech... Published 19 Oct, 2021 01:03pm
Business Tax worries and growth woes haunt Chinese property shares SHANGHAI: Beijing's property tax plans and fresh signs of weakening in China's housing market knocked real estate... Published 19 Oct, 2021 03:52am
Markets China property shares slide as Evergrande crisis reverberates SHANGHAI: Shares of Chinese real estate firms fell further on Thursday as investors fretted about a debt crisis... Published 14 Oct, 2021 10:55am
Markets Yen sinks, Aussie climbs as Evergrande contagion fears recede The yen also fell as higher US yields attracted Japanese investor money, while rising commodity prices helped the Aussie and Norway's crown Published 27 Sep, 2021 11:09am
Markets HSBC CEO sees market impact from Evergrande debt woes Quinn said HSBC was very focused on its commercial real estate business in China and Hong Kong Published 23 Sep, 2021 11:31am
Markets Australia shares end higher SYDNEY: Australian shares ended higher on Wednesday in line with other markets, after troubled developer China... Published 23 Sep, 2021 04:35am
Markets Embattled Evergrande warns of growing default risks as pressures mount HONG KONG/SHANGHAI: Cash-strapped property group China Evergrande Group said on Tuesday it has engaged advisers to... Published 15 Sep, 2021 04:19am