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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.
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/
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…
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.