DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Evergrande - 2 Xu Jiayin - 1 Hui Ka Yan - 1 ” - 1 George Magnus - 1 Bobby Yip - 1 ” Magnus - 1 “ - 1
Top related locs:
Hong Kong Shenzhen United States China Beijing Evergrande’s Shenzhen Shanghai
Top related orgs:
Hong Kong CNN - 2 Shenzhen government’s - 2 CNN - 2 Sunday - 1 Oxford University’s China - 1 SOAS University of London - 1 Fitch - 1 Hong - 1

Search resuls for: "Shenzhen government’s"


2 mentions found


☆ Evergrande’s chairman has been detained. The company will struggle to survive
  + stars: | 2023-09-29 | by ( Laura He | ) edition.cnn.com   time to read: +7 min
But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary. Previously China’s second biggest real estate company, Evergrande’s default in 2021 ignited a crisis in the property sector that continues to weigh on the wider economy. It said it needed to reassess the terms of the restructuring plan, in part because sales had been weaker than expected. “The debt restructuring can’t really happen if Evergrade can’t issue new debt or equity, and it doesn’t seem like it can,” Magnus said. As for Magnus, he believes Evergrande’s time as an independent company is over.
Persons: Evergrande, Xu Jiayin, Hui Ka Yan, ”, George Magnus, Bobby Yip, ” Magnus, “, Tyran Kam, Fitch, Kam, Yicai, What’s, Magnus, “ They’ll Organizations: Hong Kong CNN, Sunday, Oxford University’s China, SOAS University of London, Shenzhen government’s, CNN, Fitch Locations: China, Hong Kong, Beijing, Shenzhen, United States
☆ Evergrande stock tumbles after Chinese police detain staff at its wealth management unit
  + stars: | 2023-09-18 | by ( Laura He | ) edition.cnn.com   time to read: +5 min
The state-owned Shanghai Securities Journal reported that one of the detainees is the general manager and legal representative of Evergrande Wealth, citing an unnamed source. CNN has reached out to Evergrande and Evergrande Wealth for comment about the investigation, but hasn’t received a response. Of that amount, 34 billion yuan ($4.7 billion) was still unpaid by the end of last year. Multiple protestsProblems at Evergrande’s wealth unit first became widely known in August 2021, when it stopped issuing financial products due to “difficulty” in repaying them. Sayaka Nanbu/APTo appease its creditors, Evergrande Wealth subsequently proposed several repayment plans.
Persons: “ Du, hasn’t, Evergrande, Sayaka Nanbu Organizations: Hong Kong CNN, Hong, Police, Evergrande, Shanghai Securities Journal, CNN, Shenzhen government’s, Evergrande’s Locations: Hong Kong, Shenzhen, Evergrande’s Shenzhen, Shanghai, United States
0 next >>
Total: 2