China Evergrande Group (3333.HK), the country's debt-laden No. 2 property developer, said on Monday it will not hold a news conference after it reports its first-half earnings on Tuesday.
China Huarong Asset Management Co Ltd (2799.HK) posted a 158.3 million yuan ($24.46 million) first-half profit following a deep 2020 loss and outlined plans to shore up its balance sheet in a a Hong Kong exchange filing on Sunday.
Too big to fail or too tough to save? As China's debt-laden No. 2 property developer lurched from one crisis to another in recent months its creditors, investors, suppliers, and bankers agonised over its fate with little hope on the horizon.
The government of Guangdong province is seeking feedback from major banks of debt-laden property developer China Evergrande Group (3333.HK) about forming a creditor committee, as the company warned of a further plunge in profits, according to a news report on Thursday.
Former Purdue Pharma President Richard Sackler said on Wednesday that his family’s reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a marketing strategy that prosecutors said led to some unsafe opioid prescriptions.