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HONG KONG: An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted property developer China Evergrande, according to a stock filing by the petitioner on Wednesday.
BEIJING: The electric vehicle (EV) arm of embattled property developer China Evergrande Group says that two subsidiaries have started bankruptcy procedures, in the latest blow to the failing automaker.
HONG KONG: Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers' auditing unit in mainland China for six months, as part of punishment for its work on troubled property developer Evergrande, five sources said.
HONG KONG: China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent.
SYDNEY/HONG KONG: Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also effect the city's standing as a global financial centre, legal practitioners said.
HONG KONG: A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court on Monday, Reuters reported this week.
HONG KONG: A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.
SYDNEY: China Evergrande's offshore dollar bondholders stand to receive a potentially tiny payout in a complicated process that could take years to play out after the property giant was placed in liquidation, according to S&P Global Ratings.
SYDNEY: China Evergrande's liquidators have hired three law firms to advise on the troubled property giant's winding-up process, according to sources with direct knowledge of the matter.
HONG KONG: A Hong Kong court gave China Evergrande Group a five week reprieve to come up deal with creditors or face liquidation after the embattled developer said on Monday it was working on a revised debt restructuring plan.
HONG KONG: China Evergrande Group , the world's most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring proposal, three people with direct knowledge of the matter said.
HONG KONG: China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped debt restructuring proposal.
A Hong Kong court on Monday ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes.
HONG KONG: Asian markets were mixed Tuesday (Jan 30) as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data.
HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it grapples with mounting prospects of liquidation.
HONG KONG: China Evergrande New Energy Vehicle Group said on Monday its Vice Chairman Liu Yongzhuo has been detained and is under criminal investigation, sending its stock tumbling and marking another setback after a share sale plan was scrapped.
Receivers are seeking bids for 10E on Black’s Link, a three-storey detached house on The Peak with an area of 4,933 sq ftHui’s Evergrande Group, saddled with US$328 billion of liabilities, was ordered to undergo liquidation by the Hong Kong High Court in January
China Evergrande is trying to stave off liquidation by revising its debt restructuring plan, but its biggest challenge will be convincing its creditors, and shareholders in two of its units, that the proposal is worth their while.
HONG KONG: China Evergrande Group's latest trouble in firming up a long-pending debt restructuring plan led to a sell-off in its and peers' shares on Monday, as worries resurfaced about the crisis-hit property sector after a brief respite.
HONG KONG: China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment.
