Evergrande – Asian News from UK

Evergrande’s bankruptcy warning on growth strategy

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 China’s spectacular

August 20, 2023

Business·China·Economy

China’s property woes deepen with Evergrande’s bankruptcy

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 for bankruptcy

August 19, 2023

-Top News·Business·China

Chinese property giant Evergrande files for bankruptcy in US

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 — once the

August 18, 2023

-Top News·China·USA

Evergrande halts trading on Hong Kong stock exchange

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 shares of

March 21, 2022

-Top News·Asia News

Another headwind hits China housing market

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 Asian Lite

December 16, 2021

-Top News·China

Beijing intervenes to prevent disorderly collapse of Evergrande

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., reports Asian

December 11, 2021

Business·China