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A housing complex in Wuhan that was being built by China Evergrande.
A person close to Evergrande said Hui had stopped contacting staff over the past few days, while an industry source said he had become totally inaccessible.
Authorities have gradually tightened developers' access to credit since 2020, and a wave of defaults has followed -- notably that of Evergrande.
Source: https://www.legit.ng/business-economy/1556004-chinas-evergrande-group-halts-trading-hong-kong/
China Evergrande Group, the poster child for the industry’s woes, has it wanted to get support from bondholders for its own debt-restructuring plan by early March and faces a March 20 court hearing in Hong Kong on a winding-up petition.
China Evergrande Group, the world’s most indebted developer, narrowed its first-half loss significantly mainly due to an absence of impairment loss on investments.
Evergrande sold the 60-metre (197 foot) superyacht Event for 30 million euros ($32 million) as part of a process to sell down non-core assets, said the two sources with knowledge of the matter, declining to be named as the information is not public yet.
HONG KONG (Reuters) – Property developer China Evergrande Group on Sunday reported a January-June net loss of 33 billion yuan ($4.53 billion) versus a 66.4 billion yuan loss in the same period a year ago.
Source: https://www.shorenewsnetwork.com/2023/08/27/china-evergrande-first-half-net/
Hui Ka Yan, chairman of property developer China Evergrande.
In 2016, with China’s property prices on a tear, Evergrande overtook its main rival to become the nation’s number one developer by sales.
It lobs the ball back to Beijing: the judge told Evergrande to hold direct discussion with…
Mrs Guo says she and other Evergrande buyers aren't sitting idly by either.
Source: https://www.bbc.co.uk/news/world-asia-china-66956769?at_medium=RSS&at_campaign=KARANGA
Reuters reported last Tuesday that a major Evergrande offshore creditor group was planning to join a liquidation court petition filed against the developer if it does not submit a new debt revamp plan by the end of October.
Shares of China Evergrande Group plunged 25% as markets opened in Hong Kong on Monday (September 18), before clawing back a chunk of those losses in later trading.
SYDNEY, Sept 29 (Reuters) - China Evergrande Group (3333.HK) sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the…
That came after Evergrande recently missed another self-imposed deadline to publicly deliver a preliminary restructuring blueprint by the end of 2022.
That year, Guangzhou Evergrande, the soccer team the company had purchased control of three years earlier, won Asian soccer’s top club competition.
The split among the creditors was another inconclusive turn in a long and still unresolved case that will eventually determine how Evergrande will meet its final fate.
Source: https://www.nytimes.com/2023/12/03/business/china-evergrande-creditors.html
This will be a "crucial year" for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on New Year's Day, adding he trusted the firm would be able to repay all its debt.