WHY DOES EVERGRANDE'S PREDICAMENT MATTER? The real estate sector accounts for more than a quarter of all business activity in China and the debt crisis has hamstrung the economy, squeezing all ...

In July, Evergrande cited an analysis by Deloitte that estimated a recovery rate of 3.4% on its debt if the company is liquidated, per Reuters. Creditors now expect the recovery rate at less than ...

In a statement to the Hong Kong Stock Exchange on Sunday, Evergrande said it was unable to sell new debt as part of its restructuring plan because Hengda was being investigated by authorities.

China Evergrande Group has scrapped several court hearings that were previously scheduled in Hong Kong to approve its US$20 billion debt restructuring with several classes of offshore creditors ...

Evergrande is trying to salvage its multi-billion dollar debt overhaul since a slew of setbacks derailed the process in recent months. In the latest twist ahead of the court hearing, a group of ...

China’s Guangdong province on Friday summoned the chairman of China Evergrande Group after the real estate developer said there was “no guarantee” it would have enough funds to meet debt ...

Evergrande is facing one of the country’s largest-ever defaults as it wrestles with more than US$300bil (RM1.25 trillion) of debt. The company last month missed making coupon payments on two ...

(Reuters) - (This Sept. 26 story has been corrected to remove the incorrect references to liquidators of China Evergrande New Energy Vehicle Group as they are related to parent company China ...

China's $1.4 trillion fiscal stimulus package aims to address debt and stabilize the economy, but questions linger over ...

China Evergrande Group was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades. The company had said early this ...

“Policy adjustments are needed to mitigate the impact of real estate debt shocks … to prevent a surge in bad ... 08:36 A ...

China has approved a sweeping $1.4 trillion stimulus package to help local governments manage their mounting hidden debt and ...