Trends - Evergrande - Business Recorder

Business & Finance

Sunac China shares, bonds sink after liquidation petition filed against developer

HONG KONG: Sunac China, shares and bonds plunged on Friday after a liquidation petition was filed against the...

Published 10 Jan, 2025 11:24am

Business & Finance

In careful protest, China Evergrande’s investors press for action

SHENZHEN/HONG KONG: Hundreds of Chinese investors who lost savings in the collapse of China Evergrande launched a...

Published 27 Nov, 2024 10:59am

Technology

China Evergrande’s EV unit to cease discussions for stake sale

China Evergrande New Energy Vehicle said on Friday that its potential sellers have decided to cease talks for a...

Published 25 Oct, 2024 08:51pm

Print

China bans PwC for six months over Evergrande audit

BEIJING: Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million...

Published 16 Sep, 2024 06:08am

Business & Finance

China property giant Evergrande seeks to recover $6 bn

BEIJING: China's heavily indebted real estate giant Evergrande said Monday that it and its liquidators were seeking...

Published 05 Aug, 2024 10:13pm

Markets

Shares of Evergrande EV unit slide 27% after it warns of losing assets

HONG KONG: Shares of China Evergrande New Energy Vehicle Group plunged 27% on Wednesday after it said it faces the...

Published 12 Jun, 2024 10:22am

Markets

Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal

HONG KONG: Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after...

Published 27 May, 2024 10:20am

Business & Finance

Evergrande chairman’s second seized Hong Kong mansion put up for sale

HONG KONG: A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for...

Published 01 Mar, 2024 10:19am

Business & Finance

Evergrande’s bond holders could wait years for little payout

SYDNEY: China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated...

Published 31 Jan, 2024 12:29pm

Print

China’s Evergrande says head of EV arm detained

BEIJING: The head of heavily indebted Chinese property developer Evergrande’s electric vehicle unit has been...

Published 09 Jan, 2024 04:18am

Markets

China stocks extend fall on growth concerns

HONG KONG: China and Hong Kong stocks extended losses on Monday as economic data pointed to a slowdown in growth...

Published 05 Dec, 2023 03:01am

Business & Finance

Evergrande chairman’s two luxury mansions seized by creditor

HONG KONG: Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande...

Published 22 Nov, 2023 11:33am

Markets

China stocks fall amid global rate concerns

SHANGHAI: China stocks closed down on Wednesday, tracking weaker regional peers on concerns of global rates...

Published 09 Nov, 2023 05:38am

Business & Finance

Evergrande did not file court documents by requested time

HONG KONG: China Evergrande Group did not submit defence documents to a Hong Kong court before a deadline that comes...

Published 25 Oct, 2023 12:55pm

Business & Finance

Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

SYDNEY: China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources,...

Published 29 Sep, 2023 10:44am

Business & Finance

Evergrande shares halted as concerns mount about developer’s prospect

HONG KONG: Trading in shares of China Evergrande Group was suspended on Thursday after a report that its chairman...

Published 28 Sep, 2023 09:59am

Business & Finance

Pressure piles on Evergrande with chairman under police watch, liquidation risk

HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported...

Published 27 Sep, 2023 11:14am

Markets

China Evergrande shares tumble 25% after wealth management staff detained

HONG KONG: Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some...

Published 18 Sep, 2023 09:37am

Business & Finance

China police detain some Evergrande wealth management staff

BEIJING: Police in southern China have detained some staff at China Evergrande Group‘s wealth management unit,...

Published 17 Sep, 2023 10:14am

Markets

China Evergrande shares set to open down 14.3%

HONG KONG: Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous...

Published 29 Aug, 2023 10:03am

Business & Finance

China Evergrande loses $2.4bn in value as trade resumes after 17 months

HONG KONG: Shares of China Evergrande Group fell as much as 87% early on Monday when trading resumed following a 17...

Published 28 Aug, 2023 10:32am

World

China Evergrande files for protection in US court as part of $32bn debt overhaul

HONG KONG/NEW YORK: Embattled developer China Evergrande Group has filed for protection from creditors in a US...

Published 18 Aug, 2023 10:02am

Technology

Evergrande NEV shares set to open sharply higher after share sale to NWTN

HONG KONG: Shares of China Evergrande New Energy Vehicle Group(NEV) are set to open 14.7% higher on Tuesday, after...

Published 15 Aug, 2023 10:20am

Markets

Shares of Evergrande services arm set to drop as trading resumes

HONG KONG: Shares of Evergrande Property Services Group are set to open 36.5% lower on Thursday as trading resumes...

Published 03 Aug, 2023 09:51am

Technology

Evergrande’s e-vehicle unit plunges as trading resumes

HONG KONG: Shares in the electric vehicle subsidiary of Chinese property giant Evergrande plunged almost 70 percent...

Published 28 Jul, 2023 12:30pm

Business & Finance

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept

HONG KONG: A Hong Kong court will hold sanction hearings over whether to approve embattled Chinese property...

Published 24 Jul, 2023 12:05pm

Business & Finance

Evergrande’s liabilities, depleted coffers raise business viability concerns

HONG KONG: China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for...

Published 18 Jul, 2023 02:10pm

Business & Finance

China property giant Evergrande reports $96 billion loss for 2021

BEIJING: Chinese property giant Evergrande reported Monday a $96 billion net loss for 2021 and nearly $335 billion...

Published 17 Jul, 2023 08:36pm

Business & Finance

Evergrande Property Services flags sufficient working capital till 2024

Evergrande Property Services Group Ltd on Monday reported a 46.4% plunge in its fiscal 2022 profit, when compared...

Published 06 Jun, 2023 01:13pm

Business & Finance

Shareholders of Evergrande’s EV unit agree on restructuring deal

HONG KONG: Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two...

Published 13 May, 2023 09:52am