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Investors who have watched China's property sector crisis play out in recent months have just been denied their Evergrande grand finale as the world's most indebted developer dodged a $19 billion default, but they might not have too long to wait. ....
China Evergrande Group has secured an extension on a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer a day after a deal to sell a $2.6 billion stake in its property services unit failed. ....
Fools rushed in to China Evergrande . The embattled Chinese real estate developer’s deals to sell its headquarters and property management arms may have run into political snags. Overpay for the assets and it looks like a bailout while a lowball bid invites cries of opportunism. Hesitant governments can hurt more than they help. ....
Numbers don't lie, you just need to be looking at the right ones. That's the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group lumbers towards what is expected to be the country's largest-ever corporate default. ....
China Evergrande Group said on Wednesday a deal to sell a 50.1% stake in its property services unit has fallen through, delivering a blow to embattled developer's hopes of avoiding a potentially disruptive default. ....