Evergrande auto business gets lifeline after problems pile up
China Evergrande has found a potential buyer for its electric car unit, which is mired in debt and has been ordered to repay 1.9 billion yuan in government subsidies, but…
Beleaguered Country Garden gets some temporary relief from domestic creditors
Some of the struggling developer’s Chinese creditors recently agreed to roll over their maturing obligations, as the company races to restructure its foreign debt Key Takeaways: Country Garden's sales continued…
Asia Cement hardens into loss column with no relief in sight
The company swung into the red in the first quarter as weak demand from China’s struggling property market pushed cement prices to fresh lows Key Takeaways: Asia Cement warned it…
Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…
E-House rebuilding hits snag as rights plan stalls
The setback has added new uncertainties to the online real estate agent’s ongoing restructuring Key Takeaways: E-House’s restructuring has stalled over its inability to use one of its key assets…
Evergrande brings down the house on wild era for China property
International bondholders have low expectations for recouping their money as the world’s most indebted developer is finally ordered to liquidate Key Takeaways: How much international investors can recoup from Evergrande’s…
Evergrande: Too big to fail, or beyond rescue?
A Hong Kong court was supposed to rule on the embattled developer’s debt restructuring on Dec. 4, but gave the company a respite by delaying the hearing Key Takeaways: Evergrande…
