What is Evergrande? Evergrande, which builds and manages apartments, is the second largest residential real estate company in China. With 1,300 residential projects, some of which have come to a dead stop because of cash concerns, Evergrande poses the most serious single, controllable risk to the recovery of China’s economic …
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According to Chinese state media, Evergrande sent a $83.5 million bond payment to a Citibank trustee account on Thursday, a day before the deadline to pay interest on its US dollar bond. The heavily indebted company will have to make payments on a range of other bonds, currently amounting to …
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Investors interested in redeeming wealth management products for physical assets should contact their investment consultants or visit local offices, a unit of the company’s main Hengda Real Estate Group Co Ltd unit said in a WeChat post dated Saturday. The embattled corporation reportedly has an estimated 40 billion yuan ($6 …
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