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27 Mar Distressed Chinese developer Country Garden downplays hiring New York-based Kroll for liquidation analysis

Posted at 11:02h in Asia

Embattled Chinese property developer Country Garden Holdings downplayed the possibility of a liquidation after it hired a financial advisory firm to assess the amount of money creditors could recover in such an event.“Hiring an independent third party to perform a hypothetical liquidation analysis has no...

28 Feb Lawsuit brought by China Evergrande founder’s ex-wife against son for unpaid loan may be attempt to protect assets: analysts

Posted at 06:36h in Asia

The former partner of the detained billionaire is asking Xu for the money, which includes principal and interest, according to the court filings. The case is not yet scheduled for a hearing.“Xu and his father’s assets could be confiscated by courts in mainland China as...

07 Feb China property defaults won’t stop banks lending to cash-strapped developers, says Goldman Sachs report

Posted at 23:30h in Asia

Moreover, the losses and defaults tied to the property crisis have not stopped Chinese lenders from supporting the country’s struggling developers. Bank lending to the sector, as measured by loans outstanding, expanded by 7.2 per cent at the end of 2023 compared to the...

02 Feb China Evergrande: attempts to auction onshore affiliate Fengtao’s assets fail for a third time in 3 weeks

Posted at 04:58h in Asia

An attempt to auction assets belonging to an onshore affiliate of mainland property giant China Evergrande Group, which was ordered by a Hong Kong court to be wound up earlier this week, failed for a third time.Assets of Fengtao (Shanghai) Property Company, a property...

31 Jan China Evergrande liquidation: ‘thin payout’ likely for offshore creditors as legal drama plays out, S&P says

Posted at 11:12h in Asia

“The liquidation is a milestone for China’s biggest corporate defaulter with US$337 billion in liabilities,” said Esther Liu, credit analyst at S&P Global Ratings. “But much of this story is yet to be told. The bulk of the issuer’s assets and liabilities are in mainland...

liquidation Tag

27 Mar Distressed Chinese developer Country Garden downplays hiring New York-based Kroll for liquidation analysis

28 Feb Lawsuit brought by China Evergrande founder’s ex-wife against son for unpaid loan may be attempt to protect assets: analysts

07 Feb China property defaults won’t stop banks lending to cash-strapped developers, says Goldman Sachs report

02 Feb China Evergrande: attempts to auction onshore affiliate Fengtao’s assets fail for a third time in 3 weeks

31 Jan China Evergrande liquidation: ‘thin payout’ likely for offshore creditors as legal drama plays out, S&P says

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