Naphjas Inc. |

16 Feb Chinese builder Redsun Properties faces winding-up threat in Hong Kong as debt crisis goes from bad to worse

Posted at 08:00h in Asia

The debt crisis at Redsun Properties Group is going from bad to worse as it has missed payments on several offshore bonds since mid-2022 as China’s housing market struggles to overcome a three-year slump. Some bondholders have now moved to put the developer out...

29 Jan What does Evergrande’s liquidation order mean for China’s property sector? Why is the market cheering?

Posted at 22:00h in Asia

The winding-up order to the Guangzhou-based developer, however, still faces cross-jurisdictional challenges as most of the company’s assets are located in mainland China.Escalators are seen in an abandoned Evergrande commercial complex in Beijing on January 29, 2024. A Hong Kong court on January 29 ordered...

29 Jan Why Evergrande’s Hong Kong liquidation order is just the start of an uphill battle for its offshore creditors

Posted at 11:50h in Asia

“The court has sent a strong message to financially stressed companies about the importance of developing a concrete restructuring plan,” said Jonathan Leitch, a restructuring lawyer and partner in Hong Kong at Hogan Lovells.“If a plan does not eventually emerge, the Hong Kong Court has...

29 Jan Evergrande ordered to liquidate as Hong Kong High Court approves creditors’ bid to wind up world’s most indebted property developer

Posted at 02:12h in Asia

China Evergrande Group has been ordered to be liquidated, after a Hong Kong High Court approved a petition by creditors to wind up the world’s most indebted property developer, making history as the city’s first court-ordered liquidation.Justice Linda Chan granted the winding-up order on...

10 Jan China Evergrande rejects claims it was never profitable in report centred on changes to its accounting method

Posted at 10:00h in Asia

China Evergrande Group stood by audited annual reports from 2021, rejecting claims by financial analysts that changes to its accounting methodology suggested the debt-laden property developer was “never profitable” in its years of operations.“The company’s financial statements for the previous years were audited by...

Evergrande crisis Tag

16 Feb Chinese builder Redsun Properties faces winding-up threat in Hong Kong as debt crisis goes from bad to worse

29 Jan What does Evergrande’s liquidation order mean for China’s property sector? Why is the market cheering?

29 Jan Why Evergrande’s Hong Kong liquidation order is just the start of an uphill battle for its offshore creditors

29 Jan Evergrande ordered to liquidate as Hong Kong High Court approves creditors’ bid to wind up world’s most indebted property developer

10 Jan China Evergrande rejects claims it was never profitable in report centred on changes to its accounting method

About Company

Contact Us

Twitter Feed

Newsletter