Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets. The embattled Chinese property giant has already warned ... ( read original story ...)
China shares fall as Evergrande woes weigh on property, financials
Chinese shares closed lower on Monday, dragged by real estate and financials after the country's most-indebted developer warned of a risk of a cross-default. ( read original story ...)
Blackstone moves out of China property deal
Blackstone has abandoned a second attempt to take Hong Kong-listed mainland property developer Soho China (0410.HK) private, per a Reuters report. The companies said that the preconditions for sealing ... ( read original story ...)
Blackstone drops $3 billion bid for Chinese property developer
Private equity firm Blackstone Group is abandoning its $3 billion bid for a controlling stake in Soho China, one of the country's largest real estate developers. In a regulatory filing Friday, ... ( read original story ...)
China’s Shanghai Composite set to close at highest in six years
SHANGHAI: Chinese stocks briefly surpassed a February peak, as a phone call between U.S. and Chinese leaders added to investor optimism that’s also been bolstered by hopes on steps to boost economic ... ( read original story ...)
Evergrande liquidity crisis: why the property developer faces risk of default
Investors are confronting the growing possibility that Evergrande will default, a debacle that could cascade across global markets and has exposed the perilous state of China’s vast property sector. ( read original story ...)
China Logistics Property’s Rating Intact Amid Shareholder Change
The plan by the largest shareholder in (CNLP, B-/Stable) to sell its entire stake will not have any immediate rating impact on the warehouse developer, Fitch Ratings says. CNLP’s largest shareholder, ... ( read original story ...)