Trends - Evergrande - Business Recorder

Evergrande

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

Business & Finance

Evergrande raises $144m

BEIJING: Crisis-hit property developer Evergrande has managed to raise around $144 million by slashing its stake in...

Published 10 Nov, 2021 05:47am

Business & Finance

Chinese developer Kaisa halts trading as property woes grow

BEIJING: Chinese developer Kaisa Group suspended trading in its Hong Kong-listed shares Friday, raising concerns...

Published 05 Nov, 2021 12:17pm

Business & Finance

Developer Evergrande says 57,400 properties handed to buyers

BEIJING: Troubled Chinese developer Evergrande said Wednesday that it has delivered over 57,400 units to buyers...

Updated 03 Nov, 2021 12:23pm

Business & Finance

Evergrande makes overdue interest payment to boldholders: report

BEIJING: Chinese property developer Evergrande averted default for the second time this month, Bloomberg reported,...

Published 29 Oct, 2021 09:29am

Markets

Asian markets drop as inflation, recovery return to focus

HONG KONG: Fears over rising inflation and pressure on central banks to tighten monetary policy sent markets lower ...

Published 28 Oct, 2021 09:46am

Markets

Stocks split as Evergrande fears recede

LONDON: European and Asian stocks mostly rebounded on Friday as risks of contagion from troubled Chinese property...

Published 25 Oct, 2021 05:32am

Business & Finance

China's Evergrande resumes work on more than 10 projects

BEIJING: China Evergrande Group said on Sunday it had resumed work on more than 10 projects in Shenzhen, Dongguan ...

Updated 24 Oct, 2021 01:00pm

Markets

US MIDDAY: Gold edges down

NEW YORK: Gold prices edged lower in choppy trading on Thursday, pressured by rising U.S. bond yields that countered...

Published 22 Oct, 2021 04:13am

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 26 Grays Leasing Limited(GRYL)	3.65 ▲ 0.95 (35.19%)
Premier Ins. / May 26 Premier Insurance Limited(PINL)	4.75 ▲ 1.00 (26.67%)
SME Leasing Ltd / May 26 SME Leasing Limited(SLL)	2.45 ▲ 0.40 (19.51%)
Gammon Pak / May 26 Gammon Pakistan Limited(GAMON)	6.66 ▲ 1.00 (17.67%)
Ghazi Fabrics / May 26 Ghazi Fabrics International Limited(GFIL)	6.30 ▲ 0.80 (14.55%)
Nazir Cotton Mills / May 26 Nazir Cotton Mills Limited(NCML)	5.85 ▲ 0.69 (13.37%)
Chakwal Spinning / May 26 Chakwal Spinning Mills Limited(CWSM)	2.00 ▲ 0.20 (11.11%)
Shaheen Ins. / May 26 Shaheen Insurance Company Limited(SHNI)	3.55 ▲ 0.35 (10.94%)
Media Times Ltd / May 26 Media Times Limited(MDTL)	1.98 ▲ 0.17 (9.39%)
Zephyr Textile / May 26 Zephyr Textiles Limited(ZTL)	11.48 ▲ 0.98 (9.33%)

Stock	Price
Punjab Mod / May 26 First Punjab Modaraba(FPJM)	1.70 ▲ -0.19 (-10.05%)
Trust Mod. / May 26 Trust Modaraba(TRSM)	1.51 ▲ -0.15 (-9.04%)
Huffaz Seamless / May 26 Huffaz Seamless Pipe Industries Limited(HSPI)	10.21 ▲ -1.00 (-8.92%)
First Pak Mod. / May 26 First Pak Modaraba(PAKMI)	2.40 ▲ -0.21 (-8.05%)
K.S.B.Pumps / May 26 KSB Pumps Company Limited(KSBP)	110.90 ▲ -8.99 (-7.50%)
Shams Textile / May 26 Shams Textile Mills Limited(STML)	55.43 ▲ -4.49 (-7.49%)
Bal. Wheel / May 26 Baluchistan Wheels Limited(BWHL)	78.64 ▲ -6.36 (-7.48%)
Imperial Limited / May 26 Imperial Limited(IML)	14.30 ▲ -1.15 (-7.44%)
Universal Network / May 26 Universal Network Systems Limited(GEMUNSL)	51.75 ▲ -4.15 (-7.42%)
EFG Hermes Pak / May 26 EFG Hermes Pakistan Limited(EFGH)	16.10 ▲ -1.28 (-7.36%)

Stock	Volume
Pak Refinery / May 26 Pakistan Refinery Limited(PRL)	35,646,724 ▼ 0.00
Cnergyico PK / May 26 Cnergyico PK Limited(CNERGY)	19,634,624 ▼ 0.00
Telecard Limited / May 26 Telecard Limited(TELE)	18,414,500 ▼ 0.00
Ghani Glo Hol / May 26 Ghani Global Holdings Limited(GGL)	17,582,929 ▼ 0.00
TPL Properties / May 26 TPL Properties Limited(TPLP)	16,753,479 ▼ 0.00
WorldCall Telecom / May 26 Worldcall Telecom Limited(WTL)	16,005,500 ▼ 0.00
Silk Bank Ltd / May 26 Silkbank Limited(SILK)	13,074,500 ▼ 0.00
P.T.C.L. / May 26 Pakistan Telecommunication Company Ltd(PTC)	12,947,000 ▼ 0.00
Fauji Foods Ltd / May 26 Fauji Foods Limited(FFL)	12,047,000 ▼ 0.00
TRG Pak Ltd / May 26 TRG Pakistan Limited(TRG)	9,254,282 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 25	201.80
USD PKR Interbank Buying / May 25	201.30
USD to Japanese Yen / May 25	127.41
USD to Swiss Franc / May 25	0.96
Pound Sterling to USD / May 25	1.26
Euro to USD / May 25	1.07
UK LIBOR % / May 25	0.82

Stock	Volume
S&P 500 / May 25	3978.73
India Sensex / May 25	53749.26
Tokyo Nikkei / May 25	26653.80
Nasdaq / May 25	11434.74
Hang Seng / May 25	19952.81
FTSE 100 / May 25	7522.75
Dow Jones / May 25	32120.28
Germany DAX 30 / May 25	14007.93
France CAC40 / May 25	6298.64

Item	Value
Crude Oil USD/Barrel / May 25	110.44
Karachi Cotton PKR/37.32 KG / May 25	21180.00
Gold 10 Grams PKR / May 25	120700.00
Gold Spot USD/Ounce / May 25	1849.73
Cotton US¢/pound / May 25	122.20

Evergrande

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