Nicholas Chen, an analyst at debt-research firm CreditSights, said there is a lot of uncertainty about the direction of the property sector, and few concrete developments in the debt restructurings…
Last week, at least two dozen Chinese real-estate companies whose shares trade in Hong Kong failed to file audited financial results for 2021 by a March 31 deadline, according to…
Given weak investor sentiment, “even the stronger developers may experience volatility because of rumors and negative headlines,” said Luther Chai, senior research analyst at CreditSights.
The troubled property giant sold a roughly 5.7% stake in Hong Kong-listed HengTen Networks over the last three trading days, raising about $145 million.
Analysts from debt research firm CreditSights, however, said in a report Monday that they were skeptical about Sunac’s deleveraging. They said by increasing liabilities such as trade payables, the company…
“We think that this disposal will help Evergrande address some of its upcoming liabilities, primarily those owed to Shengjing Bank, but will not be sufficient (to) fully address the company’s…
Investors are waiting to see if the giant developer pays a coupon due Thursday on its U.S. dollar bonds.
Turmoil caused by China Evergrande is hitting bonds of other Chinese companies and spurring some emerging-market funds to buy.
China Evergrande moved closer to a potential restructuring of its $89 billion debt burden by hiring outside advisers, while protests broke out at some of its offices.
“Evergrande’s weak liquidity position is the reason why we’ve seen so much volatility. Investors are starting to doubt whether the company can repay its upcoming obligations or not,” said Luther…