Property Developers

Key Takeaways: Evergrande has more than 500 billion yuan in delinquent debt that must be restructured, or it could face potential liquidation The company is involved in 2,002 unresolved lawsuits worth 30 million yuan or more each By Lau Chi Hang Just when it looked on the verge of collapse, ...

Thursday saw a wave of announcements by companies on the Hong Kong Stock Exchange as in particular property developers and banks react to the Country Garden Holdings Limited (OTC: CTRYF) default on a $15 million interest payment Wednesday. Here are 3 related Hong Kong Stock Exchange announcements...

Two of China’s largest property developers, Country Garden Holdings Limited (OTC: CTRYF) (OTC: CTRYY) and China Evergrande Group (OTC: EVGRF) are fighting for their survival as one missed a bond payment Wednesday and the other faces a courtroom next week. According to local reports, Country...

Sino-Ocean Group Holding Limited (OTC: SIOLY) became the latest in a long line of Chinese property developers to default on its bond repayments after asking its creditors to wait a further two months for scheduled interest payments Friday. The announcement follows a freezing of $4 billion of...

Talk in China Wednesday turned to how much of the country’s multi-billion warchest the government is about to use to stimulate its flagging economy. Rumors of a Chinese government stimulus have been buoying investors lately in Hong Kong as stocks remain some of the cheapest they have been in...

Key Takeaways: Shares of smaller developers like Yuzhou and Aoyuan have plunged this year under similar, if not bigger, liquidity pressures to those faced by giants like Evergrande and Country Garden Moody’s downgraded its outlook for China’s entire property sector to ‘negative...

Hong Kong property developer Hysan Development Company Limited (OTC: HYSNY) issued a prospectus for up to $4 billion of medium-term bonds Monday, more than 10 times its average medium-term debt tranche. The new debt dwarfs the company’s previous borrowing amounts. Prior to the multi-billion-...

Over the past 12 months, about two-thirds of Chinese property developers have defaulted on their offshore debt. The most recent debt default was by China SCE Group Holdings Ltd. which had $1.8 billion in bonds suspended last week after saying that it could not meet principal and interest repayments...

Hong Kong stocks ended a quiet week in the green as speculators bet that government easing measures in China would come into place to stimulate the local economy. The Hang Seng Index finished the day’s trading 1.6% higher at 17,485.98. China’s stock markets and banks were closed this...

Key Takeaways: Country Garden warned it expects to report a loss of up to 55 billion yuan for the first half of this year The leading property developer’s sales fell 35% in the first seven months of this year, reaching 140.8 billion yuan By Yi Xi The launch of China’s “Three Red...