China Evergrande Group: The Hong Kong High Court agreed to further adjourn a hearing to wind up Evergrande to Dec. 4, with Justice Linda Chan saying the next hearing would be the last before a decision is made on liquidating the company.
China News: Chinese developer Country Garden Holdings Co is facing its first-ever default on a dollar bond, highlighting the company's financial distress amid a w
Country Garden Holdings: Country Garden’s failure to pay interest on the note within a grace period that ended last week “constitutes an event of default,” according to a notice to holders from trustee Citicorp International Ltd seen by Bloomberg News.
Land Sale In China: Land sales revenues in September fell 21.3% from a year earlier, after falling 22.2% the previous month, according to Reuters calculations based on the ministry s data.
China Evergrande Group: Evergrande, which is at the centre of China s property sector debt crisis, said late last month that its billionaire founder was being investigated over unspecified crimes.