Evergrande Auto Orders Staff to Take Paid Leave until October 31st
Many Evergrande Auto employees said their department has asked them to take leave after China's seven-day National Day Holiday until October 31st.
9/30/20213 min read
Tag: #debt crisis
Showing 5 of 5 posts with this tag
Evergrande Punishes Six Executives Involved in Early Redemption of Company's Investment Products
Six executives of the heavily indebted China Evergrande Group have fully returned funds from early redemptions of the company's investment products before Friday, the property group said Saturday.
10/9/20212 min read
Evergrande Group Sells Holdings in HengTen Networks for $92 Million, Tencent Becomes Largest Shareholder
Chinese property developer Evergrande Group successively sold its shares in HengTen Networks on November 4 and 5, cashing out about HKD 717 million ($92.1 million) in total and lowering its shareholding ratio from 26.55% to 22.98%.
11/8/20212 min read
Evergrande Auto to Raise HK $500 Million for NEV R&D
Evergrande Auto, the automobile manufacturer under Chinese real estate developer Evergrande Group, announced on Wednesday that it had signed an agreement with its placement agent on Tuesday.
11/10/20212 min read
Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Asset Management Firm
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group on Wednesday announced it would sell off a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank.
9/29/20212 min read