Beijing asks Evergrande to solve problem of unpaid salary to migrant workers 

World 12/20/21, 15:22

The Chinese government asked Evergrande to prioritize on settling payments for migrant workers and contractors of its real estate projects before the Lunar New Year, Bloomberg reported.  Evergrande's progress in rolling out new-built houses and completing their projects is slower than expected, so the salary payment to employees is dragging on.  On ...

Evergrande to restructure all offshore public bonds amid debt crisis

World 12/10/21, 06:35

According to Sound of Hope, China’s debt-laden Evergrande property group plans to restructure its offshore public bonds and private debt. The change was China’s most remarkable asset restructuring of all time. Evergrande announced that it had encountered difficulties paying a $260 million guaranteed offshore bond on Dec. 3. The company still ...

China Evergrande failed $260 million of a debt obligation

World 12/05/21, 01:34

China Evergrande Group issued an announcement stating that it had failed to fulfill a guarantee obligation amounting to $260 million on Dec.3. Based on the current liquidity situation Evergrande made it clear that the Group is not sure whether it has restructuring funds to continue to perform its financial responsibilities. Insiders say ...

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