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 ...

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 the world's most indebted property developer. It was ordered by a Hong Kong court to liquidate in January after defaulting on its offshore debt in late 2021.

which is the electric vehicle unit of the debt-laden China Evergrande (3333.HK), opens new tab. In May, liquidators of the parent company - which held 58.5% in the EV unit - said they were talking ...

(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 ...

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 ...

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

It will enable them to bring so-called “hidden debt,” which is not officially recorded as it ... which began around 2021 and ...

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 Evergrande New Energy Vehicle said on Friday that its potential sellers have decided to cease talks for a stake sale in the company, which is the electric vehicle unit of the debt-laden ...