evergrande Tag

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...

26 Jan China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears

Posted at 01:54h in Asia

A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down assets as it awaits the fate of its debt restructuring proposal.The subsidiary, Hengda...

20 Jan China property: once-mighty developers strain for lifelines of state support after end of sector’s ‘golden age’

Posted at 02:00h in Asia

However, analysts warn that even the developers that make the list will find the coming years brutal. The landscape of the home-building business in China has been forever altered by the years-long liquidity crisis and a prolonged sales slump, analysts said. Now companies with partial...

evergrande Tag

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

26 Jan China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears

20 Jan China property: once-mighty developers strain for lifelines of state support after end of sector’s ‘golden age’

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