Evergrande in a sentence

The filing says Faraday asked for a $700 million advance on the remaining $1.2 billion of Evergrande's planned investment and entered into arbitration to cancel all its agreements with Evergrande after claiming it had not received the payment.

A housing complex in Wuhan that was being built by China Evergrande.

A person close to Evergrande said Hui had stopped contacting staff over the past few days, while an industry source said he had become totally inaccessible.

Authorities have gradually tightened developers' access to credit since 2020, and a wave of defaults has followed -- notably that of Evergrande.

China Evergrande Group, the poster child for the industry’s woes, has it wanted to get support from bondholders for its own debt-restructuring plan by early March and faces a March 20 court hearing in Hong Kong on a winding-up petition.

China Evergrande Group, the world’s most indebted developer, narrowed its first-half loss significantly mainly due to an absence of impairment loss on investments.

China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate.

Evergrande’s importance for policymakers now appears to be over.

Hui Ka Yan, chairman of property developer China Evergrande.

In 2016, with China’s property prices on a tear, Evergrande overtook its main rival to become the nation’s number one developer by sales.

Mrs Guo says she and other Evergrande buyers aren't sitting idly by either.

Reuters reported last Tuesday that a major Evergrande offshore creditor group was planning to join a liquidation court petition filed against the developer if it does not submit a new debt revamp plan by the end of October.

Shares of China Evergrande Group plunged 25% as markets opened in Hong Kong on Monday (September 18), before clawing back a chunk of those losses in later trading.

That came after Evergrande recently missed another self-imposed deadline to publicly deliver a preliminary restructuring blueprint by the end of 2022.

That year, Guangzhou Evergrande, the soccer team the company had purchased control of three years earlier, won Asian soccer’s top club competition.

The split among the creditors was another inconclusive turn in a long and still unresolved case that will eventually determine how Evergrande will meet its final fate.

This will be a "crucial year" for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on New Year's Day, adding he trusted the firm would be able to repay all its debt.

And on top of all of this, there’s still the fact that Evergrande is just the first of many companies in similar positions.

An elderly man sits in a wheelchair near a partially shuttered Evergrande commercial complex in Beijing, Monday, Jan.

A senior executive of China Evergrande New Energy Vehicle Group has been detained on suspicion of crimes, the latest blow to the company after a deal for a potential cash injection lapsed last week.