Trends - Evergrande Group - Business Recorder

Business & Finance

China Evergrande granted final reprieve as winding-up hearing adjourned

HONG KONG: A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High...

Published 30 Oct, 2023 10:15am

Business & Finance

Evergrande held talks with creditors this week: Bloomberg News

China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News...

Published 27 Oct, 2023 10:06am

Print

Evergrande’s $500m EV share deal suspended, stock to resume trading

HONG KONG: A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of ...

Published 09 Oct, 2023 06:24am

Markets

China Evergrande shares tumble for second day after unit misses bond payment

HONG KONG: China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8%...

Published 26 Sep, 2023 09:55am

Business & Finance

Evergrande’s debt revamp roadblock hits China property investors’ sentiment

HONG KONG: China Evergrande Group’s latest trouble in firming up a long-pending debt restructuring plan led to a...

Published 25 Sep, 2023 10:48am

Business & Finance

Evergrande debt revamp plan fails to cheer investors, property stocks fall

HONG KONG: China Evergrande Group’s debt restructuring proposal, a test of investor sentiment towards the battered...

Published 23 Mar, 2023 10:28am

Business & Finance

China Evergrande’s EV unit lays off employees

BENGALURU: China Evergrande Group’s electric vehicle unit said on Friday it was laying off workers and cutting the...

Published 02 Jan, 2023 05:54am

Business & Finance

China Evergrande’s unit starts mass production of first EV model

SHANGHAI: China Evergrande Group said its electric vehicle (EV)unit started mass production on Friday of the Hengchi...

Published 16 Sep, 2022 10:39am

Business & Finance

China Evergrande says winding-up lawsuit won’t impact restructuring

HONG KONG: China Evergrande Group, the world’s most indebted property developer, on Tuesday said it will...

Published 28 Jun, 2022 11:18am

Business & Finance

China Evergrande faces winding-up lawsuit in Hong Kong

HONG KONG: A winding-up petition has been filed against embattled property developer China Evergrande Group at the...

Published 27 Jun, 2022 11:19am

Business & Finance

S&P Global downgrades developer Greenland to ‘selective default’

HONG KONG: Ratings agency S&P Global on Wednesday downgraded Greenland Holdings to “selective default”, after...

Published 22 Jun, 2022 11:22am

Business & Finance

China Evergrande sticks to restructuring plan target of before end-July

HONG KONG: China Evergrande Group said it expects to announce its preliminary restructuring plan before the end of...

Published 21 Jun, 2022 10:16am

Markets

HK shares flat as sour sentiment in Asia offsets China optimism

HONG KONG: Hong Kong stocks ended flat on Wednesday, as weakness in broader Asia offset optimism from equity markets...

Published 28 Apr, 2022 05:37am

Business & Finance

Debt-laden China Evergrande to hold investor call on Wednesday

HONG KONG: China Evergrande Group will hold an investor call at 9 pm (1300 GMT) on Wednesday joined by its financial...

Published 26 Jan, 2022 01:52pm

Business & Finance

Evergrande seeks more time from offshore creditors for debt restructuring plan

HONG KONG: China Evergrande Group on Monday sought more time from its offshore bondholders to work on a...

Published 24 Jan, 2022 07:44pm

Business & Finance

China Evergrande 2021 sales plunge 39%, shares set to resume

HONG KONG: Embattled property developer China Evergrande Group said on Tuesday its contracted sales for 2021 had...

Published 04 Jan, 2022 10:57am

Markets

China shares rise

SHANGHAI: China shares rose on Thursday for a third consecutive session, as slowing factory-gate inflation added to...

Published 10 Dec, 2021 04:29am

Business & Finance

Evergrande shares fall after chairman cuts stake; Fantasia suspends trading

HONG KONG: Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his...

Published 29 Nov, 2021 12:22pm

Business & Finance

Evergrande founder sells 9% stake for $344mn amid debt crunch

HONG KONG: The chairman of China Evergrande Group Hui Ka Yan sold 1.2 billion shares in the company at an average...

Published 26 Nov, 2021 04:31pm

Business & Finance

China Evergrande dissolves some units of online marketplace

HONG KONG: China Evergrande Group has dissolved several district-level units of Fangchebao (FCB), its online real...

Published 17 Nov, 2021 10:35am

Markets

Miners buoy Australian shares back to gains

Australian stocks rose on Friday after four straight sessions of losses, as miners extended gains on relief that...

Published 12 Nov, 2021 11:27am

Markets

China stocks up as property shares surge on policy easing bets

SHANGHAI: China stocks gained more than 1% on Thursday, bucking the trend in Asia, as investors snapped up battered...

Published 12 Nov, 2021 04:46am

Markets

China ferrous futures rebound

MANILA: Prices for steel products and steelmaking ingredients on China's commodity futures bourses surged on...

Published 12 Nov, 2021 04:46am

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

Investors await Evergrande's overdue $148mn payment as debt woes grow

Concerns mounted about a deepening liquidity crisis in the Chinese property sector on Wednesday ahead of a deadline...

Published 10 Nov, 2021 10:21am

Business & Finance

Evergrande auto unit plans sale of Protean to EV maker Bedeo

China Evergrande Group's automotive unit is nearing a sale of U.K. startup Protean Electric to e-mobility company...

Published 04 Nov, 2021 09:57am

Business & Finance

Another Chinese property developer defaults, shares drop

HONG KONG/SHANGHAI: Modern Land reported a missed payment on Tuesday, the latest Chinese property developer to do ...

Published 26 Oct, 2021 11:18am

Markets

Evergrande, EV unit shares jump after chairman signals business shift

HONG KONG: Shares in China Evergrande Group shot up 4% on Monday after the embattled property developer announced...

Published 25 Oct, 2021 10:40am

Markets

FTSE 100 rises as miners rebound, JD Sports top gainer

London's FTSE 100 gained on Friday, as mining stocks rose on easing concerns over Chinese property market, although...

Published 22 Oct, 2021 01:34pm

Markets

Asia tech shares jump; China property stocks rally on Evergrande payment

TOKYO: Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied...

Published 22 Oct, 2021 12:28pm