China’s property giant Evergrande ordered to liquidate as debt talks fail
10 months, 3 weeks ago

China’s property giant Evergrande ordered to liquidate as debt talks fail

Al Jazeera  

Hong Kong court orders developer to wind up after finding company has no viable restructuring plan. Hong Kong-listed shares in Evergrande plunged by more than 20 percent following the ruling on Monday, before the city’s stock exchange halted trading in the stock. “Evergrande’s liquidation will pose more challenges to itself and other developers, but it will only have a limited impact on the already battered property sector and the macroeconomy,” Gary Ng, an economist at Natixis in Hong Kong, told Al Jazeera. However, it may still delay the recovery of the home market and the weaker confidence may linger longer.” After Monday’s ruling in Hong Kong, the fate of Evergrande’s asset sheet is uncertain. While China signed an agreement with Hong Kong to recognise insolvency and restructuring proceedings in the Chinese cities of Shenzhen, Shanghai and Xiamen, it is unclear whether mainland courts would sanction liquidators seizing the developer’s assets in the country.

History of this topic

Evergrande files suit to recover $6b dues
4 months, 2 weeks ago
Liquidators Struggle to Recover Cash From China’s Broke Builders
4 months, 3 weeks ago
Evergrande: China property developer and founder accused of £60bn fraud
9 months ago
Stocks are mixed as China scrambles to avoid major real estate developer bankruptcy
9 months, 1 week ago
HKMA: Evergrande risk controllable to banking system
10 months, 3 weeks ago
Order to liquidate property giant China Evergrande is just one step in fixing China’s debt crisis
10 months, 3 weeks ago
Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry
10 months, 3 weeks ago
China Evergrande is ordered to liquidate, with over $300 billion in debt. Here’s what that means
10 months, 3 weeks ago
Evergrande faces imminent liquidation after talks with top creditors break down
10 months, 3 weeks ago
Chinese property developer firm Evergrande faces liquidation after Hong Kong court order
10 months, 3 weeks ago
Evergrande heads for liquidation: Rise and demise of China’s property giant
10 months, 3 weeks ago
Hong Kong court orders liquidation of China's Evergrande. What comes next?
10 months, 3 weeks ago
China's top-selling to world's most indebted developer: What is Evergrande crisis
10 months, 3 weeks ago
Court orders China Evergrande property developer to liquidate after it failed to reach debt deal
10 months, 3 weeks ago
China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion
10 months, 3 weeks ago
Evergrande's liquidation could derail the Chinese economy and have global effects
10 months, 3 weeks ago
Why China Property Giant Evergrande Faces Liquidation
10 months, 3 weeks ago
Hong Kong court puts off Chinese developer Evergrande’s hearing on its debt restructuring to January
1 year ago
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
1 year ago
China Evergrande’s court hearing deferred to Dec 4; last chance for resolution
1 year, 1 month ago
China Evergrande winding-up hearing adjourned to Dec. 4 by Hong Kong court
1 year, 1 month ago
How Evergrande’s chief tried to turn things around—and failed
1 year, 2 months ago
China Evergrande soars after property developer’s stocks resume trading
1 year, 2 months ago
Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
1 year, 2 months ago
China Evergrande’s founder under investigation, shares halted
1 year, 2 months ago
Jinping’s housing crisis efforts jeopardized as Evergrande face trouble
1 year, 2 months ago
Chinese police detain wealth management staff at the heavily indebted developer Evergrande
1 year, 3 months ago
China: Police detain employees of cash-strapped real estate developer Evergrande amid financial crisis
1 year, 3 months ago
What does China Evergrande’s debt restructuring entail?
1 year, 4 months ago
Debt-ridden China developer Evergrande files for bankruptcy in US
1 year, 4 months ago
Can China’s Evergrande Group survive amid mounting debts, depleting resources?
1 year, 5 months ago
Heavily indebted Chinese developer proposes restructuring
1 year, 9 months ago
Chinese property giant Evergrande to pay $1.1 billion following indebtedness
2 years, 4 months ago
China's Evergrande baffled (and worried) after lenders claim $2 billion in cash
2 years, 9 months ago
Evergrande says it is on track to restructuring after shares suspended and billions seized by banks
2 years, 9 months ago
Chinese property developer giant Evergrande stops trading on Hong Kong Stock Exchange
2 years, 9 months ago
Evergrande’s debt crisis: International creditors threaten legal action over ‘opaque’ restructuring process
2 years, 11 months ago
After Evergrande, China’s Shimao reignites property sector fears
2 years, 11 months ago
China Evergrande reports progress completing homes
2 years, 11 months ago
Evergrande default signals volatility but no crash, analysts say
3 years ago
Evergrande can’t pay its debts. China is scrambling to contain the fallout
3 years ago
Chinese real estate behemoth Evergrande, one other firm default on $1.6 billion in bonds
3 years ago
Evergrande restructuring puts onus on Xi to limit fallout
3 years ago
Evergrande shares plummet 20% to new record low as default fears resurface
3 years ago
Evergrande debt crisis: Chairman has sold $1.1 billion worth of his personal assets to prop up the company, Chinese state media reports
3 years, 1 month ago
Evergrande crisis: US Fed warns China’s property problems could hurt global markets and the US economy
3 years, 1 month ago
Evergrande has reportedly made good on another payment, averting default once again
3 years, 1 month ago
As Evergrande fears linger, Beijing says it’s time for companies to pay their offshore debts
3 years, 1 month ago
Evergrande shares plunge as Chinese property developer faces another debt deadline
3 years, 1 month ago

Discover Related