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hui ka yan

Embattled Evergrande Comes to Terms With Creditor Over Asset Freeze

2021/07/22 by Christopher Caillavet Leave a Comment

The day after several banks were reported to have stopped offering mortgages for unfinished units at China Evergrande’s Hong Kong residential projects, the mainland’s most-indebted developer scored a rare win by resolving a dispute with one of its creditors.

China… Read More>>

Xu Jiayin

Evergrande Goes High Tech With $16B Plan for AI, Robotics and Life Science Deals

2018/04/10 by Shawna Kwan Leave a Comment

After failed attempts to sell Evergrande-branded cooking oil and bottled water, Chinese property tycoon Xu Jiayin has fixed on AI and quantum physics as the newest business opportunities for the country’s second-ranked home builder by contracted sales.

Xu’s Evergrande Group… Read More>>

xujiayin

Evergrande Buys $3.2 Billion in Projects from Hong Kong’s New World Group

2015/12/29 by Michael Cole

Evergrande Real Estate, one of China’s largest developers – and its most indebted – shocked the market today by announcing that it was acquiring seven mainland projects from Hong Kong’s New World Group for a total of RMB 20.4 billion… Read More>>

Fan Bingbing Evergrande

Evergrande Plans to List Loss-Making Bottled Water Subsidiary

2015/07/27 by Michael Cole Leave a Comment

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>>

Xu Jiayin bottled water

Fitch Dings Evergrande for High Leverage Levels

2015/04/05 by Michael Cole Leave a Comment

China real estate developer Guangzhou Evergrande was singled out by credit agency Fitch Ratings this month for its high levels of leverage and aggressive sales forecast, as lenders begin to look more closely at the risks facing Chinese property companies.

… Read More>>

Guangzhou Evergrande Buys Historic Resort in Canada

2014/12/22 by Michael Cole Leave a Comment

While many of China’s biggest property developers have been acquiring assets in global gateways such as Los Angeles or New York, Xu Jiayin, the chairman of Evergrande Real Estate Group has headed further north by purchasing a historic railway hotel in… Read More>>

Xu Jiayin Sydney

Evergrande Boss Buys Sydney Home for $33.4M

2014/11/07 by Michael Cole Leave a Comment

Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.

The purchase by the flamboyant… Read More>>

Xu Jiayin Evergrande

Evergrande Bites into China’s Food Business as Property Slows

2014/09/03 by Michael Cole Leave a Comment

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>>

China mastiff sale

Newest Hedge Bet for China Developers – $2 Mil Puppies

2014/03/20 by Michael Cole Leave a Comment

As China’s property sales have slowed down and bad news has seeped into the country’s real estate market, many developers have been scrambling to invest in everything from US real estate to bottled water.

Now comes news of the latest… Read More>>

Hui Ka Yan Evergrande

Harvard and Evergrande Clarify Plans for China Hospitals

2014/02/18 by Michael Cole Leave a Comment

A hospital affiliated with Harvard University this week restated its interest in developing hospitals in China together with real estate developer Guangzhou Evergrande. The potential cooperative healthcare project was first reported in December last year, shortly after the property firm… Read More>>

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