China Evergrande Group, the world’s most indebted developer, said late last week it will receive a RMB 5.52 billion ($818 million) refund from the city of Guangzhou for giving up the land use rights for an unfinished football stadium in… Read More>>
Evergrande Plans to List Loss-Making Bottled Water Subsidiary
Evergrande Real Estate Group, a top-five Chinese developer noted for its daring approach to finance, announced recently that it has applied and received approval to list its bottled water subsidiary, Evergrande Spring, on China’s New Third Board.
The bottled water… Read More>>
Market Slump? China’s Real Estate Tycoons Get More Private Jets
Frugality may be the watchword under Xi Jinping’s regime, but apparently some of the country’s real estate moguls are hoping that the new guidelines don’t apply to their private aircraft.
And there don’t appear to be any Cessnas in sight… Read More>>
Evergrande Bites into China’s Food Business as Property Slows
Evergrande Group, one of China’s biggest real estate developers, launched three new agribusiness subsidiaries on Monday, as the slowdown in the country’s housing market sends property firms searching for new profit centres.
Evergrande’s new ventures into grain and vegetable oil,… Read More>>