China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via 36 unnamed third parties and used for general operations.
Evergrande Fires CEO and CFO Over Alleged Illicit Loan Scheme
China Evergrande forced its chief executive and chief financial officer to resign last week, citing their involvement in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via unnamed third parties… Read More>>
Real Estate Agency E-House China Files for Hong Kong IPO
Less than two years after delisting from the New York Stock Exchange, China’s largest real estate agency has submitted an IPO application to the Hong Kong Stock Exchange, according to a statement uploaded to the exchange’s website.
E-House China, which… Read More>>