The developer paid $14.3 million in interest, but weak sales, limited cash and more than $72 million of principal due by year-end keep pressure on its recovery
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The payment, made on June 30 and confirmed by the company, signals that the Chinese developer has entered the execution phase of one of the property sector’s largest offshore debt workouts.
The property manager posted its first increase in core net profit in two years, while mounting third-party receivables and weak…
Resolving LGFVs’ liabilities is running into complications, with high-interest, noncompliant debt banks are reluctant to touch
The judicial disposal of Evergrande Real Estate Group Ltd. marks the final phase in resolving the collapsed property developer’s…
Developer’s focus on high-end projects in resilient cities helped it secure the top spot in attributable sales, even as…
The Hong Kong-based private equity firm and Guangdong Provincial Tourism have contacted the collapsed developer’s liquidators…
Government rhetoric about bank leniency towards developers is ‘favourable’ for the debt-laden company, Morningstar analyst says.
