Evergrande’s Hui Vows to Resume Construction & Deliver 600,000 Apartments
Evergrande’s Chairman Hui Ka Yan said in an internal meeting on Sunday that the company needs to repay its debts by restoring construction activities, not by selling-off assets at fire sale prices. He vowed to complete 50% of pre-sold homes with a goal of...
Evergrande’s Bonds Take Another Beating; Spillover Seen in Fantasia, R&F
Wednesday saw another round of selling in Evergrande’s dollar bonds as they fell another 3 points to now trade in the 30s. The latest selloff was after the company released 1H earnings in which they warned of a possible default as its liabilities keep piling up...
China Evergrande Warns of Default Risk & Rising Litigation Cases
Troubled China Evergrande Group warned that “it has risks of default and cases of litigation outside its normal business” in its 1H2021 earnings release. The property developer acknowledged that negative reports adversely affected its liquidity, which led...
