Jakarta – Chinese real estate giant Evergrande, which is the largest property company filed for protection to the bankruptcy court in the United States. Evergrande is a bad example of the property crisis in China. The company, which President Joko Widodo has alluded to in front of Indonesian developers, seeks protection under Chapter 15 of … Read more
A collapse of Country Garden would have catastrophic repercussions for China’s financial system and economy, as would its heavily indebted rival Evergrande. Chinese real estate giant Country Garden, which is facing crisis, has announced “great doubts” about its bond repayments, exacerbating concerns about China’s heavily indebted real estate sector. The company said in a statement … Read more
2023/05/20 21:54 According to Chinese media, Wang Jianlin is in a difficult situation and may follow in the footsteps of Evergrande Xu Jiayin. (Associated Press file photo) [Compile Wei Guojin/Taipei Report]China’s “Sina Finance” reported that China’s former richest man Wang Jianlin’s Wanda Group is negotiating with banks to extend the debt repayment period. The group … Read more
Jakarta – Chinese New Year or Chinese New Year should be celebrated with great joy and fun. This does not seem to have happened to the Chinese businessman, Hui Ka Yan alias Xu Jiayin. This is because the founder of the Chinese property giant Evergrande Group must pay off mounting debts in 2023. Quoted from … Read more
Original title: Was former President Ke Peng investigated by the police? Evergrande: There is no accurate inside information Insider: A media person who joined Evergrande after interviewing Xu Jiayin Former President Ke Peng under investigation by police? Evergrande: There is no accurate inside information Insider: A media person who joined Evergrande after interviewing Xu Jiayin … Read more
Forbes magazine, an American financial and business magazine, reported that China’s financial crisis is getting worse, but the Bank of China’s troubles are not surprising. In reality, this is just a continuation of the rampant crisis that began over a year ago. when Evergrande, a major real estate developer, announced that he could no longer … Read more
International funds keeping China Evergrande Team company bonds, a main authentic estate developer in China, have put jointly their own personal debt restructuring plans. He asks the president of the organization, Hsu Jiayin, to repay the debt with his very own funds. FILE Photo: Shenzhen, China, September 2021. REUTERS / Aly Song (Reuters) – Foreign … Read more
Published on : 30/07/2022 – 11:04Modified : 30/07/2022 – 11:08 – Yang Huiyan, majority shareholder of Country Garden, one of China’s largest real estate groups, has seen his wealth halve in just one year. A reversal of fortune which illustrates the difficulties of a Chinese market now closely watched by the Beijing authorities. Explanations. She … Read more
The Chinese real estate company China Evergrande Group, which suffered from the crisis and sank into record debts, received another new blow. It is to demolish 39 of its buildings in a mega resort built on artificial islands off Hainan Island on China’s southern coast, world media reported. In a statement to the Hong Kong … Read more
Jakarta, CNBC Indonesia – China’s property giant crisis continues. After China Evergrande, now the company Kaisa Group Holdings is also in danger of not being able to pay its debts and going bankrupt. The company listed on the Hong Kong stock exchange is said to be unlikely to meet the debt deadline target of US$ … Read more