Tag: evergrande-group

S&P Ratings Warn Evergrande Might Not Receive Support From Beijing, Worrying Investors
S&P Global Ratings has warned that Chinese real estate company, China Evergrande, which is currently facing financial issues, might not receive any aid from Beijing as some experts believe.  Evergrande has raked up a massive...
Evergrande Fails to Pay $83.5-Million Interest Payment
Chinese real estate giant, Evergrande, has failed to pay off its interest payments due on Sept. 23, deepening worries that the business is going to collapse and threaten China’s financial system.  The firm was due...
Last-minute Debt Deal Keeps Evergrande Afloat, but Crisis Is Far From Over
The Evergrande Group has struck a last minute deal to avoid defaulting on a bond payment worth an estimated $35.9 million that is due this Thursday Sept. 23. “In a statement filed with the Shenzhen...
Evergrande Group Crisis Deepens; Protests Erupt Across China
Protests erupted across China over the weekend at numerous properties owned and operated by the Evergrande Group with home buyers, retail investors and even Evergrandes’ own employees speaking out against how the struggling company is...
Trading of Bonds Suspended for Chinese Real Estate Giant Evergrande as Prices Plummet
Once the world’s most valuable real estate company, the Evergrande Group, had trading of its bonds suspended by China’s stock exchanges on Monday Sept. 6. The Shanghai Stock Exchange (SSE) said in a statement that...