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

Search resuls for: "Evergrade"


3 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
☆ What's gone wrong with China's economy
  + stars: | 2023-08-21 | by ( Laura He | ) edition.cnn.com   time to read: +8 min
It’s a far cry from global financial meltdown of 2008, when China launched the largest stimulus package in the world and was the first major economy to emerge from the crisis. It’s also a reversal from the early days of the pandemic, when China was the only major developed economy to dodge a recession. Property woesChina’s economy has been in doldrums since April, when momentum from a strong start to the year faded. While Evergrade is still undergoing a debt restructuring, troubles at Country Garden raised fresh concerns about the Chinese economy. Beijing has so far unveiled a steady incremental drip of measures to boost the economy, including interest rate cuts and other moves to help the property market and consumer businesses.
Persons: rekindling, Ying Tang, Morgan Stanley, Xi Jinping, It’s, what’s, Evergrande, Evergrade, ”, Julian Evans, Pritchard, Evans Organizations: Hong Kong CNN, UBS, Nomura, Barclays, Garden, Zhongrong Trust, CNN, Capital Economics, “, People’s Bank of China, National Health Commission, Moody’s Investors Service Locations: Hong Kong, China, Shanghai, It’s, doldrums, Beijing, United States, Europe
☆ Evergrande aims to win approval for restructuring proposals early next year
  + stars: | 2022-11-28 | by ( Xie Yu | ) www.reuters.com   time to read: +1 min
HONG KONG, Nov 28 (Reuters) - Embattled property developer China Evergrande Group (3333.HK) aims to win creditors' support for its debt restructuring proposals by as early as the end of February, the company's lawyers said on Monday. Its $22.7 billion worth of offshore debt, including loans and private bonds, is deemed to be in default after missed payments late last year. With few fresh funding options and slowing property sales, Evergrande, which has $300 billion in total liabilities, began one of China's biggest debt-restructuring processes this year. Evergrande expects to firm up debt restructuring proposals by end-February or early-March, lawyers for the developer told a Hong Kong court, which adjourned a winding-up lawsuit against the developer to March 20, 2023. Evergrande and its major offshore credit group have opposed to the winding-up petition, saying the developer was actively pushing forward with the offshore debt restructuring work in the interest of all creditors.
0 next >>
Total: 3