home, Evergrande. KEYWORDS. Hong Kong– For weeks, global markets have been watching the struggles of China Evergrande, a teetering real estate giant weighed down by $300 billion or more in responsibilities that just hardly seemed able to make its necessary payments to global investors.On Thursday, three days after a due date passed leaving bondholders with
Source link. PHOTO GALLERY (CLICK TO ENLARGE). Chinese property company Kaisa suspended share trading in Hong Kong on Wednesday, with questions swirling over its ability to make payments and contagion dispersing within the countrys debt-ridden genuine estate sector.The Chinese federal government triggered a crisis within the residential or commercial property industry when it launched a
HONG KONG/SHANGHAI– Some overseas shareholders of China Evergrande Group did not get voucher payments by the end of a 30-day grace duration, five people with understanding of the matter said, pressing the cash-strapped home developer closer to official default.Adding to a liquidity crisis in Chinas when bubbling property market, smaller peer Kaisa Group Holdings was
