Evergrande
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All Stories for Evergrande
Rewind 2023: The year big corporate titans went bankrupt
Nivedita Hazra •As we approach 2024, the wave of bankruptcies is likely to stretch. However, analysts expect the pace of filings to slow down
Vantage | How China left Malaysia stranded with a billion dollar 'ghost city'
The Vantage Take •As Forest City languishes in a state of incompleteness, Country Garden faces its own struggles
Explained: How the crisis at China’s Evergrande is worsening
Fp Explainers •Evergrande, the world's most indebted property developer, on Monday missed a bond payment just days after reports said its founder Xu Jiayin was taken away by authorities. Experts say the developments raise questions about the future of the firm and the stability of China’s real estate sector
China’s Evergrande files for bankruptcy in US: Rise and fall of the real estate behemoth
Fp Explainers •The brainchild of steel worker Xu Jiayin, Evergrande was founded in 1996 with just eight employees. The firm quickly became China’s second-largest property developer and vaulted Xu to the position of Asia’s richest person. Experts say Evergrande’s business model had been flawed for a long time
Chinese property giant Evergrande files for bankruptcy protection in US
•Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure
PwC resigns as auditor of indebted Chinese real estate firm Evergrande: Report
Trendingdesk •The two firms disagreed over several issues, as revealed in the exchange filing. PwC had said that Evergrande did not provide enough details on the $2 billion loan scheme under investigation
Chinese property developer giant Evergrande stops trading on Hong Kong Stock Exchange
•The suspension -- the second this year -- comes ahead of an expected $2 billion repayment obligation on Wednesday, and another next month of $1.4 billion
China overtakes US to become world's richest nation as global wealth triples in last two decades
Trendingdesk •According to the report, authored by the research wing of McKinsey & Co, China has accounted for almost one-third of the staggering rise in global wealth
Global stock market down on inflation as investors worry about brewing energy crisis
•World markets have come under pressure in recent weeks as the reopening of economies and supply chain woes fuel inflation, with a rally in commodity prices a major contributory factor
China property sector distress deepens as second company runs into financial troubles
•Fantasia Holdings missed the deadline to repay a $205.7 million loan