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News & Articles By Kevin Hughes
12/12/2021
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By Kevin Hughes
Evergrande’s future in limbo amid debt repayment default
Uncertainties surround the future of Chinese property giant Evergrande Group following reports that it could default on its latest debt repayment. Shares in the company, whose crisis has swelled through the wider property and banking sectors, plunged by 20 percent to a record low on Monday, December 6. In a statement over the weekend, Evergrande said that it could […]
12/10/2021
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By Kevin Hughes
Two Chinese real estate giants face financial disaster: Kaisa and Evergrande
Two of China’s largest housing developers are facing a financial disaster after missing their payment deadlines for the millions of dollars that they owe to global shareholders. The Evergrande Group and Kaisa Group Holdings are both on the brink of default with only one looking to have a better chance of making a possible reversal from their […]
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