Evergrande

Evergrande Liquidators Take Legal Action Against Hong Kong Golf Club in Search for Assets

2 days ago

In a dramatic turn of events amid the continuing financial turmoil of the Evergrande Group, liquidators representing the embattled real estate giant have initiated a lawsuit against a prestigious golf club in Hong Kong. This legal maneuver marks the latest chapter in Evergrande's protracted struggle to resolve its staggering debt issues, which have sparked widespread concerns about the stability of the Chinese property sector and broader financial markets.

Intensifying Struggle Over China's Evergrande Aftermath: Who Will Claim the Remnants?

1 month ago

The fallout from the collapse of China Evergrande Group, one of the country's largest real estate developers, has set off a fierce competition among creditors, buyers, and other stakeholders eager to claim their share of the remaining assets. As the company grapples with more than $300 billion in liabilities, the quest to recover whatever value remains is becoming increasingly intricate and contentious.

Evergrande’s Tianji Unit Faces Liquidation Amid Ongoing Financial Turmoil

2 months ago

In a significant development for the beleaguered Chinese property giant Evergrande Group, a Hong Kong court has ordered the liquidation of its subsidiary, Tianji Holdings. This ruling, delivered on February 17, 2025, intensifies the challenges facing Evergrande, which has struggled to recover from its massive debt crisis.

Evergrande's EV Unit Downsizing Amidst Ongoing Buyer Search

2 months ago

The financial turmoil surrounding China's Evergrande Group continues to escalate, as its electric vehicle (EV) division takes further steps to adapt to the challenging economic landscape. In a profound move, the struggling subsidiary has announced significant job cuts as it seeks potential buyers for its operations. This development represents another chapter in the company's efforts to stabilize amidst ongoing fiscal distress.

China Takes Drastic Measures to Tackle Property Crisis with Significant Pledge

6 months ago

In a surprise move, China has just announced massive intervention into its fast-blowing property crisis in what appears to be a radical policy shift aimed at steadying the world's second-largest economy. This dramatic change of heart came against the background of growing unease over the impact of turbulence in the nation's property market on the country's economic stability and growth path.