With no sign that China Evergrande had made overdue payments on two offshore bonds by Monday’s hard deadline, the embattled developer sought to calm investor jitters by revealing the establishment of a “risk management committee” featuring officials from the Guangdong… Read More>>
Sunshine 100 Adds to Mainland Developer Default Drama with $179M Bond Fail
Sunshine 100 China Holdings Ltd on Sunday became the latest Chinese developer to default on an overseas bond when the Beijing-based builder failed to repay $170 million of principal and $8.93 million of interest on notes due that day.
The… Read More>>
Evergrande, Kaisa, Aoyuan Facing Default Scenarios
Kaisa Group Holdings and China Aoyuan Group joined China Evergrande Group on center stage in China’s defaulting developer drama late this past week as all three Hong Kong-listed builders cautioned that default scenarios loomed.
“In light of the current liquidity… Read More>>
Evergrande Chairman Called in to Face Govt and More Asia Real Estate Headlines
The ongoing debt struggles of China Evergrande Group lead the region’s real estate headlines again today, with chairman Xu Jiayin having to face local regulators in Guangdong to explain the developer’s restructuring plan and an unnamed creditor demanding payment on… Read More>>
Evergrande Shares Fall as Boss Sells Down Stake and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the week opens with a rout of China Evergrande’s stock as chairman Xu Jiayin trims his personal stake in the developer to the tune of 1.2 billion shares and South Korea’s Midas Asset… Read More>>
Evergrande Stadium Said Taken Over by Govt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the hits keep coming for embattled Chinese developers, with Evergrande reportedly stripped of its soccer stadium and Fantasia facing a wind-up petition. Meanwhile, data centre operator Global Switch is said to have… Read More>>
CFLD Boss Buys US Mall After $14.7B in Defaults and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the chairman of beleaguered developer China Fortune Land Development, Wang Wenxue, shakes off his firm’s debt woes with a little retail therapy, acquiring a Florida shopping mall through a private company he controls…. Read More>>
Evergrande Loses Spot on Hang Seng Index and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, embattled developer Evergrande is dropped from one of Hang Seng’s Hong Kong stock indices, data centre platform STT GDC explores the Philippines, and British tech firm Dyson moves into its new global headquarters… Read More>>
Evergrande Founder Plunges to 70th Spot Among China’s Richest Billionaires
The founder of debt-laden developer China Evergrande Group, Xu Jiayin, fell to the 70th spot in this year’s list of China’s wealthiest billionaires from his perch as the richest man four years ago.
The 63-year-old real estate magnate saw his… Read More>>
Evergrande Raises $273M in Exit From JV with Tencent and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, cash-strapped China Evergrande exits its stake in internet firm HengTen Networks, rival Country Garden’s property services arm seeks to raise cash through a share sale, and Hong Kong’s government eyes a record haul… Read More>>
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