property developer

China Evergrande Halts Hong Kong Trading

Embattled property giant China Evergrande Group and its subsidiary units suspended trading in Hong Kong on Monday morning, according to exchange filings, without offering any explanation.

Evergrande Group Cancels Lease of Shenzhen HQ Building

Evergrande Group has moved out of its headquarters building in Shenzhen, and that the building has removed branding that displays "Evergrande Group."

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%.

Evergrande Considering Sale of Swedish EV Unit

Reuters reported on Oct 15 that NEVS, a Swedish electric vehicle (EV) unit under China Evergrande Group, is negotiating with U.S. and European venture capital companies and industrial partners to find a new owner.

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.

China Evergrande Group Holds Special Late Night Meeting, Chairman Xu Jiayin Emphasizes Need to Fulfill Corporate Responsibilities

Chairman Xu Jiayin told more than 4,000 leaders at all levels attending the meeting that it is the obligation and responsibility of the company to carry out construction projects with good quality and quantity.

Evergrande Auto Grants 324 Million Share Options to Scientific Research Personnel, Accounting for 3.31% of Company’s Issued Shares

The company has granted share options to certain independent, non-executive directors and some employees, including scientific research personnel, under its share option scheme that was adopted on June 6, 2018.

China Evergrande’s Shenzhen Headquarters Blocked by Investors

Cash-strapped property developer Evergrande Group saw its Shenzhen headquarters fall into a state of chaos on Monday when about 100 disgruntled investors came to demand repayment of loans and financial products.

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