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Tag: Evergrande
Indebted China developer giant Evergrande downplays impact of staff arrests in Shenzhen
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more on this: https://sc.mp/d76d52 Chinese police have detained, for the first time, several staff of Evergrande Wealth, an insurance unit of the indebted Chinese property giant Evergrande. The arrest on September 16, 2023, in Shenzhen came two weeks after the group once again failed to meet payments on its investment products. Parent company Evergrande Group…
IN A MINUTE: Evergrande files for bankruptcy protection #shorts
One of China’s biggest real estate developers, Evergrande, filed for bankruptcy protection in New York on August 17, 2023, in a move reportedly aimed at protecting its US assets from creditors while it works on a US$3.2 billion debt-restructuring plan. Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Follow us on: Website: https://scmp.com SCMP Knowledge: https://www.scmp.com/knowledge Facebook: https://facebook.com/scmp Twitter: https://twitter.com/scmpnews Instagram: https://instagram.com/scmpnews Linkedin: https://www.linkedin.com/company/south-china-morning-post/
New Evergrande protests amid reports troubled Chinese property giant ordered to raze development
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Protests erupted at the Guangzhou office of the cash-strapped property developer China Evergrande Group on January 4, 2022. This as the group announced a new plan for repaying holders of its wealth management products. The news sparked fresh investor concerns the developer would be unable to meet its obligations. With liabilities of 1.97 trillion yuan (US$310…
Chinese real estate giants Evergrande and Kaisa continue unloading assets to cover debt
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube China’s troubled real estate giants Evergrande and Kaisa have continued selling assets to cover enormous debts the companies have each accrued. Evergrande is trying to avoid a collapse under more than US$300 billion worth of liabilities, while Kaisa Group has missed two bond coupon payments due on November 11 and 12, 2021. Support us: https://subscribe.scmp.com Follow…
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