Wed, Sep 27, 2023
Evergrande's Hong Kong-listed shares opened down 3.8 per cent at HK$0.38 but reversed losses and were up nearly 4 per cent in early trade.
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Mon, Sep 25, 2023
Evergrande said it had delayed making a decision on offshore debt restructuring from September to next month to allow holders of its debt more time to consider its proposal.
Sun, Sep 24, 2023
Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed.
Mon, Aug 28, 2023
China Evergrande Group lost as much as $2 billion, or 80 per cent of its market value, on Monday after its shares resumed trading in a crucial step for the world's most indebted property firm as it seeks to restructure its offshore debt.
Fri, Aug 18, 2023
China's real estate giant Evergrande Group has filed for bankruptcy protection in the United States, a move that could have far-reaching implications for the global economy. The company is one of the world's most indebted developers, with over $300 billion in liabilities. Its collapse could lead to a wave of defaults in the Chinese property market and could also have a knock-on effect on other sectors of the economy.
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