Trends - Evergrande - Business Recorder

Evergrande

China Evergrande to unveil debt restructure details on Wednesday

HONG KONG: Embattled developer China Evergrande Group plans to publish an offshore debt restructuring term sheet on...

Published 20 Mar, 2023 11:10am

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

China Evergrande to get $818mn for scrapping stadium deal

BEIJING: Embattled Chinese property giant Evergrande has cancelled a contract to build a football stadium in a...

Published 05 Aug, 2022 09:55am

Business & Finance

Indebted Evergrande looks to sell Hong Kong headquarters again

HONG KONG: Troubled Chinese property developer Evergrande has found a potential buyer for its Hong Kong ...

Published 29 Jul, 2022 06:14am

Business & Finance

Asia’s richest woman loses half her wealth in China property crisis

BEIJING: Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate ...

Published 29 Jul, 2022 06:14am

Business & Finance

China developer Evergrande gets bid for Hong Kong HQ from CK Asset

HONG KONG: CK Asset Holdings, founded by billionaire Li Ka-shing, said on Thursday it has submitted a bid for the...

Published 28 Jul, 2022 11:14am

Business & Finance

Chinese real estate giant Evergrande ousts top executives

BEIJING: Embattled Chinese real estate giant Evergrande has ousted its CEO and CFO after an internal investigation...

Published 24 Jul, 2022 05:04am

Business & Finance

Indebted Evergrande to sell $575m stake in mega-project

BEIJING: Troubled Chinese developer Evergrande on Wednesday said it will sell its stake in an incomplete development...

Published 31 Mar, 2022 07:54am

Business & Finance

Indebted Evergrande to sell $575 million stake in mega-project

BEIJING: Troubled Chinese developer Evergrande on Wednesday said it will sell its stake in an incomplete development...

Published 30 Mar, 2022 10:18am

Business & Finance

Debt-ridden Evergrande urges investor ‘caution’ as audit result delayed

HONG KONG: Debt-ridden Chinese property developer giant Evergrande on Tuesday warned investors to “exercise caution”...

Published 22 Mar, 2022 10:47am

Business & Finance

China property giant Evergrande suspends share trading again

HONG KONG: Troubled Chinese property developer giant Evergrande and all its units suspended trading in Hong Kong...

Published 21 Mar, 2022 10:42am

Business & Finance

China property shares slump as planned US rate hike adds to woes

HONG KONG: China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for...

Published 27 Jan, 2022 03:33pm

Business & Finance

China Evergrande says hiring more advisers to help deal with debt

SHANGHAI/HONG KONG: China Evergrande Group said on Friday that it was hiring more financial and legal advisers to...

Published 21 Jan, 2022 12:05pm

Business & Finance

China Evergrande moves headquarters from Shenzhen to Guangzhou

SHENZHEN: Cash-strapped property firm China Evergrande Group has left what has been its headquarters in the city of...

Published 10 Jan, 2022 02:16pm

Business & Finance

As pressure mounts, China Evergrande seeks delaying onshore bond payment for relief

BEIJING/HONG KONG: China Evergrande Group will hold a meeting with some yuan bondholders on Jan. 7-10 to vote on...

Updated 05 Jan, 2022 11:41am

Business & Finance

Troubled Evergrande suspends share trading again

HONG KONG: Embattled Chinese developer giant Evergrande announced Monday it was once again suspending trading of its...

Published 03 Jan, 2022 09:26am

Markets

Evergrande shares plunge after reports of new missed payment

BEIJING: Shares in embattled Chinese property giant Evergrande tumbled 10 percent in Thursday morning trade in Hong...

Published 30 Dec, 2021 10:03am

Markets

China Evergrande shares rise on vow to boost unit construction

Shares in China Evergrande Group jumped more than 8% on Tuesday morning after the embattled property developer said...

Published 28 Dec, 2021 11:06am

Business & Finance

Debt-crippled Evergrande vows 'full steam ahead' to deliver homes

BEIJING: Embattled Chinese firm Evergrande will deliver almost four times the number of housing units to buyers in...

Published 27 Dec, 2021 09:50am

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

HK shares close lower

HONG KONG: Hong Kong shares finished lower on Friday, dragged down by tech heavyweights, as a potential default by...

Published 11 Dec, 2021 04:12am

Markets

Asia markets up but fears over Chinese real estate linger

HONG KONG: Asian stocks were broadly up Wednesday after a strong lead from Wall Street, but fears lingered over...

Published 09 Dec, 2021 04:29am

Business & Finance

Evergrande looks to restructure, sets up risk committee

BEIJING: Embattled property giant Evergrande is planning what could become China's biggest ever debt restructuring,...

Published 07 Dec, 2021 10:25am

Business & Finance

Chinese developer misses major bond repayment of $179 million

BEIJING: Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity...

Published 06 Dec, 2021 10:47am

Business & Finance

China Evergrande gets $260mn demand, warns of non-payment

China Evergrande has got a demand under a $260 million guarantee obligation, the company said on Friday, adding it...

Updated 03 Dec, 2021 06:22pm

Business & Finance

China Evergrande resumes construction on 63 projects in Pearl River delta

BEIJING: Debt-laden real estate developer China Evergrande has resumed construction of 63 projects in the southern...

Published 19 Nov, 2021 10:56am

Markets

Miners lift UK’s FTSE 100 to new 20-month highs, Burberry slides

LONDON: UK’s blue-chip index hit fresh 20-month highs on Thursday as miners bounced on relief that property...

Published 12 Nov, 2021 04:46am

Business & Finance

China Evergrande bondholders receive overdue bond coupon payments

HONG KONG: Several bondholders of China Evergrande Group have received coupon payments from the indebted property...

Published 11 Nov, 2021 09:23am

Markets

Hong Kong stocks close up as property and tech shares boost

HOING KONG: Hong Kong shares finished up on Wednesday, led by real estate firms and tech giants, as investors bought...

Published 11 Nov, 2021 05:20am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

Evergrande

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