Tag: Evergrande
PwC banned for six months in China in wake of Evergrande property scandal
The crisis in the Chinese real estate sector has claimed another victim. According to the authorities, the audit and management firm, which is implicated in the bankruptcy of the giant…
Evergrande placed in liquidation by a court – L’Express
He was China’s largest real estate developer, before accumulating nearly $300 billion in debt. A Hong Kong court on Monday ordered the liquidation of struggling Chinese real estate giant Evergrande…
the boss of the auto branch of Evergrande placed in detention – L’Express
New blow for the Chinese giant. The boss of Evergrande NEV, the automotive branch of the real estate group with astronomical debt, is detained by the authorities, the subsidiary announced…
after Evergrande, it is now the Zhongzhi group which is worrying
Two years ago, the financial world had its eyes on Evergrande, fearing that the fall of this Chinese real estate giant would contaminate the entire economy of the country. Now…
After the Minister of Foreign Affairs and the Minister of Defense, the founder of a real estate giant disappeared in China – the fate of Evergrande affects the entire Chinese economy
A criminal investigation has been launched into the actions of the founder of the Chinese company Evergrande. It does not bode well for the real estate developer suffering from a…
Real estate in China: the fall of Xu Jiayin, the “self-made man” of Evergrande
China is witnessing the fall of two giants: that of the real estate empire Evergrande, and that of its boss, long considered the biggest fortune in China and currently under…
the boss of real estate giant Evergrande placed under house arrest
The noose is tightening around Evergrande. After the arrest of executives of the Chinese developer in mid-September, we learned this Wednesday, September 27, 2023 from the Bloomberg agency, that the…
The Chinese real estate giant is trying to get rid of debts of hundreds of billions – Evergrande is seeking rescue from the United States
The collapse of the Evergrande company, which is on the verge of bankruptcy, would endanger the Chinese construction and real estate market. By filing for bankruptcy in the United States,…
China: Evergrande, another victim in the real estate sector in the United States
Real estate giant Evergrande is seeking to safeguard its US assets pending debt restructuring. The Chinese private conglomerate is in fact in debt of more than 300 billion dollars since…
Evergrande seeks bankruptcy protection in the US
Evergrande was once China’s top property developer. Since the summer of 2021, however, the problems have been in focus when it became clear that the group – with debts of…