Topics

Posted 9/26/2023, 11:34:00 AM

Evergrande Misses Another Bond Payment, Deepening Fears Over China's Real Estate Crisis

Evergrande Group missed another bond payment, raising more doubts about the future of the troubled property developer.
Evergrande defaulted on its debt in 2021, sparking an ongoing crisis in China's vast real estate sector.
If restructuring fails, Evergrande may face liquidation, damaging the economy which relied on real estate for growth.
Cracks are showing, as a trust company missed payments after investing heavily in real estate.
Chinese regulators launched probes into Evergrande units, complicating the company's debt restructuring efforts.

cnn.com

Relevant topic timeline:

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.

8/28/2023

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.

8/28/2023

China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge

Evergrande Group, the highly indebted Chinese real estate developer, has reported a narrower net loss for the first half of the year thanks to a rise in revenue driven by the property market's short-term boom, despite the company facing financial struggles and applying for bankruptcy in the US.

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.

9/18/2023

Evergrande Shares Plunge 25% as Staff Detained Amid Deepening Real Estate Crisis

Shares of China Evergrande Group fell 25% after police detained staff at its wealth management unit, adding to the embattled developer's troubles amidst China's real estate crisis.

9/18/2023

Evergrande Stock Plunges 25% as Police Detain Staff Amid Debt Crisis Engulfing China's Biggest Property Developer

Shares in crisis-hit China Evergrande have plunged by up to a quarter after the apparent detention of staff by police, reigniting concerns about the state of the company and China's wider property sector.

9/25/2023

Evergrande Restructuring Hits Major Snag as Probe into Main Unit Stalls Debt Swap

Evergrande, the embattled Chinese developer, is facing trouble with its debt restructuring plan due to a regulatory probe into its subsidiary, Hengda Real Estate Group, which could lead to liquidation if a new deal with creditors cannot be reached.

9/25/2023

Evergrande Shares Plunge 25% as Debt Crisis Deepens, Other Chinese Property Stocks Also Fall

Shares of Evergrande, the embattled Chinese real estate firm, plummeted 25% after announcing a delay in its debt restructuring meeting, causing a sell-off in the sector and turning Evergrande into a penny stock.

9/25/2023

Evergrande Debt Crisis Sparks Fears for China's Economy

Distressed Chinese property developer Evergrande Group's debt fears weigh on Chinese stocks, raising concerns about the world's second-largest economy.

9/28/2023

Evergrande Shares Suspended as Chairman Reportedly Placed Under Surveillance Amid Ongoing Debt Crisis

Shares of China Evergrande Group were suspended on Thursday by Hong Kong's exchange, as the chairman of the embattled real estate developer is reportedly under surveillance.

10/3/2023

Evergrande Stock Soars 40% on Resumed Trading Despite Ongoing Debt Crisis and Investigation of Founder

Shares of Chinese real estate giant Evergrande have surged after trading in the company resumed in Hong Kong following a temporary suspension, amidst investigations into its billionaire founder and a default on its debts, triggering a property crisis in China.

Topics

Posted 9/26/2023, 11:34:00 AM

Evergrande Misses Another Bond Payment, Deepening Fears Over China's Real Estate Crisis

Evergrande Group missed another bond payment, raising more doubts about the future of the troubled property developer.
Evergrande defaulted on its debt in 2021, sparking an ongoing crisis in China's vast real estate sector.
If restructuring fails, Evergrande may face liquidation, damaging the economy which relied on real estate for growth.
Cracks are showing, as a trust company missed payments after investing heavily in real estate.
Chinese regulators launched probes into Evergrande units, complicating the company's debt restructuring efforts.

cnn.com

Relevant topic timeline:

8/28/2023

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

8/28/2023

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

8/28/2023

China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge

9/6/2023

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

9/18/2023

Evergrande Shares Plunge 25% as Staff Detained Amid Deepening Real Estate Crisis

Shares of China Evergrande Group fell 25% after police detained staff at its wealth management unit, adding to the embattled developer's troubles amidst China's real estate crisis.

9/18/2023

Evergrande Stock Plunges 25% as Police Detain Staff Amid Debt Crisis Engulfing China's Biggest Property Developer

9/25/2023

Evergrande Restructuring Hits Major Snag as Probe into Main Unit Stalls Debt Swap

9/25/2023

Evergrande Shares Plunge 25% as Debt Crisis Deepens, Other Chinese Property Stocks Also Fall

9/25/2023

Evergrande Debt Crisis Sparks Fears for China's Economy

Distressed Chinese property developer Evergrande Group's debt fears weigh on Chinese stocks, raising concerns about the world's second-largest economy.

9/28/2023

Evergrande Shares Suspended as Chairman Reportedly Placed Under Surveillance Amid Ongoing Debt Crisis

Shares of China Evergrande Group were suspended on Thursday by Hong Kong's exchange, as the chairman of the embattled real estate developer is reportedly under surveillance.

10/3/2023

Evergrande Stock Soars 40% on Resumed Trading Despite Ongoing Debt Crisis and Investigation of Founder