Evergrande’s liquidity crisis was just the beginning of the pain. …reports Asian Lite News Property developer Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned…
A sudden shift in policy by China’s leaders two years ago has left the country’s property developers scrambling for cash, compounding financial risks within the world’s second-largest economy. The filing…
Evergrande filed for Chapter 15 bankruptcy protection, which allows a US bankruptcy court to step in when an involvency case involves another country….reports Asian Lite News China’s Evergrande Group —…
Experts believe that a high-risk business model and Beijing’s actions to curb the boom in the Chinese housing market brought the company into crisis….reports Asian Lite News Trading in the…
It comes a day after shares in one of China’s largest developers, Shimao Group, fell 20 per cent on concerns that it was offloading assets to manage its spiralling debts….reports…
Fitch Ratings had declared on Thursday that the embattled property developer has entered “restricted default”, reflecting the company’s inability to pay overdue interest earlier this week on two dollar bonds.,…
