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Evergrande
Evergrande
NEWS
company-info
The amount is based on allegedly misstated financial statements of Evergrande for each of the financial years that ended December 2017 to 2020
Aug.6 2024 18:31 PM
company-info
  • China Evergrande (03333.HK) was ordered to liquidate by the Hong Kong High Court on January 29, 2024, marking the start of the largest liquidation case in Hong Kong's history. Alvarez & Marsal Inc.'s Tiffany Wong and Edward Simon Middleton were appointed as liquidators.
  • The liquidation order applies only to China Evergrande's offshore financing platform and does not directly affect its subsidiaries, especially those operating in mainland China. The company's offshore assets are limited and primarily include shares in Evergrande Property (06666.HK) and Evergrande Auto (00708.HK), making it challenging for overseas creditors to claim from domestic assets.
  • The restructuring of Evergrande's offshore debt has been a continuous struggle, with disagreements among major creditors leading to the failure of restructuring plans. The company's total liabilities amounted to approximately 2.39 trillion yuan by June 2023, with a gap of about 650 billion yuan between assets and liabilities.
Feb.3 2024 13:34 PM
company-info
The company chosen to unwind the fallen property developer is still trying to offload Evergrande’s $1.6 billion former Hong Kong headquarters
Feb.1 2024 15:31 PM
company-info
Electric-vehicle maker loses lifeline to keep it afloat, but negotiations continue in the hope strategic investment can still be salvaged
Jan.3 2024 06:26 AM
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The homebuilder now has until Jan. 29 to work out a deal with offshore bondholders for what would be one of the nation’s biggest-ever restructurings
Dec.4 2023 15:37 PM
company-info
Embattled property developer confirms notification from authorities that the executive is suspected of unspecified crimes
Sep.29 2023 20:08 PM
company-info
One of the distressed Chinese developer’s units failed this week to pay a 4 billion yuan note that investors exercised early redemption options on
Sep.29 2023 17:52 PM
company-info
The distressed developer blames a probe by China’s securities regulator of key subsidiary Hengda Real Estate Group
Sep.25 2023 16:03 PM
company-info
The property management business recorded net income of around $107 million in the first half, a bright spot for a real estate giant plagued by losses
Aug.25 2023 13:45 PM
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World’s most indebted developer releases long-awaited results for 2022, disclosing it had 2.4 trillion yuan in total liabilities at the end of the year
Jul.18 2023 19:22 PM
company-info
American law firm moves to organize opponents of a plan that emerged last month from an ad hoc group of bondholders to cut returns and extend maturities
Apr.20 2023 03:30 AM
company-info
World’s most indebted developer tells Hong Kong court that creditors will get term sheets this week
Mar.21 2023 03:44 AM
company-info
The developer at the epicenter of the country’s real estate crisis has yet to reach a deal on a debt restructuring framework crucial to avoiding a court-ordered fire sale of its assets
Feb.28 2023 15:56 PM
company-info
An investigation reveals that the money was pledged as collateral for loans taken out by third-party firms
Feb.16 2023 20:09 PM
company-info
In its Jan. 16 resignation letter to the embattled Chinese property firm, the auditing giant noted it still hadn’t received information relating to ‘significant matters’ of the audit
Jan.17 2023 13:34 PM
company-info
Evergrande insiders and external sources deny online rumors that the developer’s billionaire founder and chairman committed suicide
Dec.3 2022 04:39 AM
company-info
The tract of undeveloped residential real estate was pledged by the property giant’s subsidiaries as collateral for a loan last year
Nov.7 2022 21:01 PM
company-info
Citic Bank exercises lien over unpaid loan of almost $1 billion after the world’s most indebted developer tried to sell it for twice that amount
Sep.14 2022 04:56 AM
company-info
Financial Reporting Council probes accounts and audits of transactions at the company and its property services unit
Aug.16 2022 02:49 AM
company-info
Proceeds from a government land refund will be deposited in a supervised account to pay liabilities from the project
Aug.5 2022 20:55 PM