Shares of China Evergrande Group’s electric-vehicle unit surged, fueled by optimism that some businesses may survive despite the property giant’s liquidation.
Shares of China Evergrande Group’s electric-vehicle unit surged, fueled by optimism that some businesses may survive despite the property giant’s liquidation.
China Evergrande Group has been ordered into liquidation more than two years after its debt struggles kicked off a crisis in the Chinese property sector.
HONG KONG, Sept 26 (Reuters) – China Evergrande Group (3333.HK) shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment.
Hong Kong-listed shares of embattled Chinese real estate firm Evergrande
tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today.
Shares of Chinese property developer Evergrande
as much as 82% on Wednesday, leading gains on the Hang Seng Index
China’s heavily indebted property giant Evergrande Group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court.
China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday.