China Evergrande records $4.5 billion loss in first half of the year

China Evergrande Group, the heavily indebted real estate developer, is set to resume trading on Monday after a 17-month suspension, following a reported loss of $4.5 billion in the first half of the year.

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8/28/2023

Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

Evergrande's shares plummeted by over 80% as they resumed trading in Hong Kong, following the company's announcement of a $4.5 billion loss for the first half of the year, exacerbating concerns about China's real estate market crisis.

9/6/2023

Evergrande soars 70% leading Chinese property stocks higher after Country Garden avoids default

Shares of Chinese property developer Evergrande surged as much as 82% on Wednesday, leading gains on the Hang Seng Index, following reports of successful bond coupon payments by Country Garden, signaling a potential recovery in the country's property sector.