Search For "evergrande group"
EV unit of China's Evergrande Group struggles with bankruptcy
Updated : 1 year, 7 months ago IST
The China Evergrande New Energy Vehicle Group (CENEVG), an electric vehicle production of Chinese Evergrande Group revealed that previously they had initiated talks with potential buyers, however, are now struggling with bankruptcy proceedings, Nikkei Asia reported.
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Evergrande says its Chairman is under investigation for “crimes”
Updated : 2 years, 5 months ago IST
Embattled Chinese developer Evergrande Group said on Thursday that Chinese authorities suspected its chairman of “crimes”, adding that the shares in the company would remain suspended until further notice, CNN reported.
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Evergrande Group's shares plummet over 80pc in Hong Kong
Updated : 2 years, 6 months ago IST
World's most indebted real state developer, Evergrande Group's shares plummeted 87 per cent on Monday after the lifting of a 17-month trading suspension.
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China attempts to hide bleak data as Xi’s reputation plummets
Updated : 2 years, 6 months ago IST
Authoritarian regimes must carefully control information, and China is extremely good at this. Yet, to ward off criticisms at home and abroad, Beijing has taken more severe steps to reduce the flow of data harmful to the CCP
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Chinese real estate giant Evergrande files for bankruptcy
Updated : 2 years, 6 months ago IST
China’s Evergrande Group — once the country’s second-largest property developer — on Thursday submitted a bankruptcy petition in New York, CNN reported.
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China's real estate magnate Hui Ka Yan loses 93 per cent of his wealth
Updated : 3 years, 1 month ago IST
Once the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also finding himself increasingly isolated politically, with the latest signal coming from the Chinese People's Political Consultative Conference.
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India to benefit from investment headwinds in China: SBI Research
Updated : 3 years, 6 months ago IST
New Delhi [India], August 30 (ANI): India is likely to benefit from a slowdown in investment intentions in China, said SBI Research in its latest report 'Ecowrap', adding that it believes the China story may now be facing clear headwinds.
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Homeowners boycott mortgage payments as China's economy stumbles
Updated : 3 years, 6 months ago IST
Beijing [China], August 18 (ANI): In a rare act of defiance, Chinese homebuyers across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.
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Disgruntled homebuyers in Henan protest against delay in delivery of house
Updated : 3 years, 6 months ago IST
Beijing [China], August 18 (ANI): Disgruntled homebuyers in China's Henan province on Wednesday protested against delay in delivery of houses.
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Protest in China's Henan underscore risks bank faces as real estate sector
Updated : 3 years, 7 months ago IST
Beijing [China], August 12 (ANI): Recent protests in China's Henan province underline the risks being faced by banks as the real estate sector continues to struggle.
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China Evergrande falls short of promised restructuring plan: Report
Updated : 3 years, 7 months ago IST
Beijing [China], July 31 (ANI): China Evergrande Group, one of the largest property developers in the country by sales has said that it will unveil the restructuring plan within 2022, amid the constantly drowning economy due to the COVID-19 pandemic.
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China deploys bad-loans expert to clean up Henan's funding woes
Updated : 3 years, 7 months ago IST
Beijing [China], July 26 (ANI): Ahead of China's twice-a-decade leadership conclave, Beijing deployed a bad-loans expert to clean up Henan's festering banking and property mess.
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