Evergrande

China’s private data on home sales vanishes after Vanke turmoil

Global banks remain pessimistic on China’s property market, which has faced renewed sales weakness since the second quarter

Evergrande’s downfall is by far the biggest in a crisis that dragged down China’s economic growth and led to a record number of distressed builders.

Why China can’t sort out its property market mess

Since mid-2024, the government has cut borrowing costs on existing mortgages, relaxed buying curbs in big cities and lowered taxes on home purchases

The company, which first defaulted in 2021, was once the country’s largest developer by sales.

Evergrande’s iconic Canadian hotel to be sold after default

The 95-year-old property will remain open during the sale process

Hui has not complied with a court order to disclose his assets in Hong Kong and overseas.

China Evergrande liquidators appointed as receivers over founder's assets

This is the liquidators’ latest effort to recover US$6 billion in dividends and remuneration paid to Hui and other former executives

Known for his lavish lifestyle, Hui Ka Yan has come to exemplify China’s real estate boom and bust.

Evergrande liquidators ask court to name receiver for founder Hui Ka Yan assets

The property developer has become an emblem of China’s property crisis since it defaulted in 2021

Evergrande is getting delisted from the Hong Kong Stock Exchange due to its failure to resume trading within 18 months, according to a filing on Aug 12.

From US$50 billion to bust, investors count cost of Evergrande’s market tryst

The company’s journey from stock exchange darling to a pariah in the financial markets is a cautionary tale of unbridled debt-fuelled expansion in the world’s second-largest economy

Liquidators are sifting through files and looking at some 3,000 entities related to Evergrande, just as the firm announced plans to delist in August.

Evergrande liquidators target founder’s assets in pivotal stage

The property developer will be removed from the Hong Kong stock exchange on Aug 25, a year and a half after the shares were suspended and almost 16 years after it was listed

The move will further diminish hopes for any recovery for Evergrande’s shareholders, who have seen the value of their investment evaporate in recent years.

Evergrande to delist in milestone for China housing crisis

Several other Chinese developers face similar delisting risks, according to the latest tally by the bourse

The liquidation of the world’s most indebted property developer has proved challenging as the majority of Evergrande’s units and assets are onshore and many of them have been seized by creditors.

China Evergrande liquidators say US$255 million of assets sold

They received creditor claims totalling US$45 billion

Evergrande appears set to be delisted from the Hong Kong bourse as a result of its failure to meet the exchange’s rules on resumption of trading within 18 months of the commencement of trading suspension.
ANALYSIS

As Evergrande faces delisting, China property debt revamp drags on

The delisting of the company adds to mounting gloom in the property sector, as peers rush to restructure debt and stave off liquidation through creditor backing