DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Evergrande - 5 Clare Jim - 5 Aly - 3 Kim Coghill - 3 Steven Leung - 2 UOB Kay Hian - 2 homebuyers - 2 Donny Kwok - 2
Top related locs:
China Hong Kong Prism Hong Kong HONG KONG China's Shenzhen Guangdong province Shanghai
Top related orgs:
HK - 6 Thomson - 6 China Evergrande - 5 Hong Kong Stock Exchange - 4 Energy Vehicle Group - 3 China Evergrande Group - 3 REUTERS - 3 Evergrande - 3

Search resuls for: "Prism Hong Kong"


7 mentions found


☆ Evergrande loses $2 bln in value as trade resumes; extends creditor voting
  + stars: | 2023-08-28 | by ( Clare Jim | ) www.reuters.com   time to read: +4 min
Its Hong Kong listed shares plunged 79% to HK0.35 in the afternoon session, narrowing losses from 87% at the opening. Market capitalisation shrank to HK$4.6 billion ($586.38 million from HK$21.8 billion ($2.78 billion) from when it last traded. Its units, China Evergrande New Energy Vehicle Group (0708.HK) and Evergrande Property Services Group (6666.HK), have both resumed trading in the past month after a 16 month halt. The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. ($1 = 7.8442 Hong Kong dollars)($1 = 7.2834 Chinese yuan renminbi)($1 = 7.8447 Hong Kong dollars)Reporting by Clare Jim; Additional reporting by Donny Kwok Editing by Kim Coghill and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Evergrande, Steven Leung, UOB Kay Hian, Aly, homebuyers, Clare Jim, Donny Kwok, Kim Coghill, Christopher Cushing Organizations: China Evergrande, HK, Hong, Hong Kong Stock Exchange, Energy Vehicle Group, Evergrande Property Services, China Evergrande Group, REUTERS, Prism Hong, Thomson Locations: HONG KONG, China, China's, Hong Kong, Shenzhen, Guangdong province, Prism Hong Kong, Shanghai
☆ China Evergrande loses $2.4 bln in value as trade resumes after 17 months
  + stars: | 2023-08-28 | by ( Clare Jim | ) www.reuters.com   time to read: +3 min
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. Next month, courts will decide on Evergrande's plan to restructure almost $32 billion worth of offshore debt obligations. Its Hong Kong-listed units, China Evergrande New Energy Vehicle Group (0708.HK) and Evergrande Property Services Group (6666.HK) have both resumed trading in the past month after a 16 month halt. The resumption of trading in all three companies is crucial for Evergrande Group because its offshore debt restructuring plan includes swapping part of the debt into equity-linked instruments backed by them. ($1 = 7.8435 Hong Kong dollars)($1 = 7.8442 Hong Kong dollars)($1 = 7.2834 Chinese yuan renminbi)Reporting by Clare Jim; Additional reporting by Donny Kwok Editing by Kim Coghill and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, HONG KONG, Steven Leung, UOB Kay Hian, homebuyers, Evergrande, Clare Jim, Donny Kwok, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, Hong Kong Stock Exchange, Evergrande, HK, Energy Vehicle Group, Evergrande Property Services, Evergrande Group, Prism Hong, Thomson Locations: China, Shenzhen, Guangdong province, HONG, HK, China's, Hong Kong, Prism Hong Kong, Shanghai, Cayman
☆ China Evergrande says resumption guidance fulfilled, shares set to trade next week
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +2 min
Cranes stand at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Acquire Licensing RightsAug 25 (Reuters) - Embattled property developer China Evergrande Group (3333.HK) said on Friday it has "adequately" fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made an application to resume trading in shares on Aug. 28. Trading in the company's shares was suspended on March 21 last year after it failed to get back on its feet amid the debt crisis. On the same day, the company's unit, China Evergrande New Energy Vehicle (0708.HK), posted a loss attributable from continuing operations of 5.80 billion yuan ($795.84 million), compared with a loss of 3.87 billion, from a year ago. ($1 = 7.2879 Chinese yuan renminbi)Reporting by Roushni Nair in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Evergrande, Roushni Nair, Pooja Desai Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong Kong Stock Exchange, Prism, Shanghai Ltd, PricewaterhouseCoopers, Energy, Thomson Locations: China, Shenzhen, Guangdong province, Prism Hong Kong, Shanghai, U.S, United States, Bengaluru
☆ China Evergrande's EV unit shares plunge 69% after 16-month halt
  + stars: | 2023-07-28 | by ( Clare Jim | ) www.reuters.com   time to read: +2 min
HONG KONG, July 28 (Reuters) - Shares of China Evergrande New Energy Vehicle Group (NEV) (0708.HK) plunged on Friday as trading resumed nearly 16 months after the stock was suspended pending the release of financial results. Resumption of trading in the shares is one step forward for its embattled parent China Evergrande Group (3333.HK), whose offshore debt restructuring plan includes swapping part of the debt into equity-linked instruments backed by the group, Evergrande NEV and another unit, Evergrande Property Services. Shares of Evergrande Group, laden with $330 billion in total liabilities, and its services arm (6666.HK) have remained suspended since March 2022. Shares of Evergrande NEV sank as much as 69% to HK$1 in early trading, down from HK$3.2 on its last closing date of April 1, 2022. That compares to a 19% rise in Chinese EV giant BYD Co and 27% drop in EV startup Xpeng Inc (9868.HK) during the 16-month period.
Persons: Evergrande NEV, NEV, Clare Jim, Jacqueline, Jamie Freed, Kim Coghill Organizations: Energy Vehicle Group, HK, China Evergrande, Evergrande, Hong, Shanghai, Thomson Locations: HONG KONG, China, Hong Kong, Tianjin
☆ Evergrande's liabilities, depleted coffers raise business viability concerns
  + stars: | 2023-07-18 | by ( Clare Jim | ) www.reuters.com   time to read: +4 min
The firm announced an offshore debt restructuring plan in March, expecting it to facilitate a gradual resumption of operations and generation of cash flow. Total cash slumped to 14.3 billion yuan, versus 28.8 billion yuan in 2021 and 180.7 billion yuan in 2020. OFFSHORE DEBTCreditors and analysts are now waiting for the convening hearings for Evergrande's offshore debt restructuring schemes in the hope to get more clarity on its business outlook. A company risks being delisted in Hong Kong if its shares remain suspended for 18 months. Hong Kong Stock Exchange said it does not comment on individual companies as a policy.
Persons: Charles Macgregor, Evergrande, Clare Jim, Himani Sarkar Organizations: HK, Lucror, Evergrande, Services, New Energy Vehicle Group, Prism, Shanghai Limited, Hong Kong Stock Exchange, Thomson Locations: HONG KONG, China, Asia, China's, Hong Kong, Cayman Islands, Prism Hong Kong
☆ Evergrande's overdue results show steep losses, liabilities
  + stars: | 2023-07-17 | by ( Clare Jim | ) www.reuters.com   time to read: +3 min
Evergrande reported a net loss of 476 billion yuan ($66.36 billion) and 105.9 billion yuan ($14.76 billion) for 2021 and 2022, respectively, versus a net profit of 8.1 billion yuan in 2020 when its operation was normal. The huge losses were caused by return of lands, write-down of properties, losses on financial assets and finance costs, it said. Revenue dropped 55% to 230.1 billion yuan in 2022 from 2020. The big losses were in line with analyst expectations as Evergrande's 2021 and 2022 contracted sales fell to 443 billion yuan and 31.7 billion yuan respectively, versus 723 billion yuan in 2020. Charles Macgregor, head of Asia of Lucror Analytics, said he was not optimistic about Evergrande's results.
Persons: Evergrande, Charles Macgregor, Clare Jim, Himani Sarkar, David Evans, William Maclean Organizations: China Evergrande, HK, Revenue, Prism, Shanghai Limited, Lucror, Thomson Locations: HONG KONG, China, China's, Hong Kong, Prism Hong Kong, Asia, Cayman Islands
☆ China Evergrande's auditor quits on disagreement around 2021 audit-related matters
  + stars: | 2023-01-16 | by ( ) www.reuters.com   time to read: +2 min
Jan 16 (Reuters) - Embattled property developer China Evergrande (3333.HK) on Monday said that its current auditor, PricewaterhouseCoopers (PwC), has resigned as the parties disagreed over the timeline and scope of work surrounding the firm's status as a going concern and other audit-related matters for fiscal 2021. Once China's top-selling developer, Evergrande is now at the centre of the country's property crisis. Its $22.7 billion of offshore debt, including loans and private bonds, is deemed to be in default after it missed payments late last year. In its resignation letter, PwC noted that it had not received information on certain material matters surrounding the group's consolidated financial statements for the year 2021. Last week Reuters reported, citing sources, that the developer will hold a meeting with dollar bondholders to discuss its debt restructuring proposals.
0 next >>
Total: 7