Evergrande Crisis
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Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
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Rise and Fall Of Crisis Hit Evergrande Founder Hui Ka Yan
Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.
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Billionaire Boss Of China Evergrande Under "Residential Surveillance"
The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.
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China's Evergrande Faces Over 1,300 Lawsuits Totalling $45 Billion: Report
Evergrande began to falter after China began cracking down on the property sector in 2020.
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China Tells Evergrande Boss To Pay Debts With Own Cash: Report
Chinese authorities have told Evergrande founder Xu Jiayin, once the country's richest man, to use his personal wealth to alleviate the embattled company's debt crisis, according to media reports.
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China Evergrande To Raise $5 Billion From Property Unit Sale: Report
China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.
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Evergrande Crisis Like China's Lehman Moment, Reminds Us Of IL&FS: Uday Kotak
Global markets have turned shaky ever since China's Evergrande Group crisis triggered. The real estate group is one of China's biggest developers and has total liabilities or debt of more than $300 billion.
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Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
-
Rise and Fall Of Crisis Hit Evergrande Founder Hui Ka Yan
Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.
-
Billionaire Boss Of China Evergrande Under "Residential Surveillance"
The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.
-
China's Evergrande Faces Over 1,300 Lawsuits Totalling $45 Billion: Report
Evergrande began to falter after China began cracking down on the property sector in 2020.
-
China Tells Evergrande Boss To Pay Debts With Own Cash: Report
Chinese authorities have told Evergrande founder Xu Jiayin, once the country's richest man, to use his personal wealth to alleviate the embattled company's debt crisis, according to media reports.
-
China Evergrande To Raise $5 Billion From Property Unit Sale: Report
China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.
-
Evergrande Crisis Like China's Lehman Moment, Reminds Us Of IL&FS: Uday Kotak
Global markets have turned shaky ever since China's Evergrande Group crisis triggered. The real estate group is one of China's biggest developers and has total liabilities or debt of more than $300 billion.
