Chinese automobile manufacturer
Evergrande Founder Hui Ka Yan Fined For Falsifying $78 Billion In Revenues: The founder of beleaguered property developer Evergrande is being fined by the ...
forbes.com/sites/ywang/2024/03/18/evergrande-founder-hui-ka-yan-fined-for-falsifying-78-billion-in-revenues/
Evergrande EV unit suspends talks with Dubai's NWTN on redrafting deal: China Evergrande New Energy Vehicle (0708.HK) (NEV) said on Friday it has suspended ...
reuters.com/business/autos-transportation/evergrande-ev-unit-suspends-talks-with-dubais-nwtn-redrafting-deal-2024-02-02/
Chinese property firm Evergrande's EV company says its executive director detained
abcnews.go.com/Business/wireStory/chinese-property-firm-evergrandes-ev-company-executive-director-106185767
Quick Glance: Evergrande's EV Head Detained
- The head of Evergrande's electric vehicle (EV) arm has been detained by authorities.
- Evergrande, once China's biggest real estate developer, has reported over $300 billion in liabilities and is a symbol of the nation's property crisis.
- The announcements come after the failure of a deal to sell a stake in Evergrande NEV to NWTN, a Dubai-based firm specializing in clean-energy vehicles.
China Evergrande EV unit says trade in shares halted: China Evergrande New Energy Vehicle Group (0708.HK) said on Monday that trade in its Hong Kong-listed ...
reuters.com/world/china/china-evergrande-ev-unit-says-trade-shares-halted-2024-01-08/
Quick Glance: VW utilizing ChatGPT for driver conversations by mid-year
- Volkswagen integrating ChatGPT to enable driver conversations by mid-year.
- First vehicles with ChatGPT available in North America and Europe from early second quarter.
- AI system capable of recognizing and responding to various demands, such as temperature adjustments and displaying nearby restaurants.
China Evergrande EV unit says trade in shares halted: China Evergrande New Energy Vehicle Group (0708.HK) said on Monday that trade in its Hong Kong-listed ...
reuters.com/world/china/china-evergrande-ev-unit-says-trade-shares-halted-2024-01-08/
Reuters Daily Briefing: January 8, 2024
- Alaska 737 cockpit voice recorder data erasure renews industry safety debate
- US Secretary of State Antony Blinken ... Show more
China Evergrande's EV share sale deal lapses: A share sale plan between China Evergrande New Energy Vehicle Group (0708.HK), the electric vehicle arm of property ...
reuters.com/world/china/china-evergrandes-ev-share-sale-deal-lapses-2024-01-01/
Quick Glance: Over 100 Killed in 'Terrorist Attacks' near Tomb of Iranian Guards' Soleimani
- Two explosions at ceremony in Kerman, Iran, kill over 100 and injure many more.
- Iranian officials blame unspecified 'terrorists' for remotely detonated explosive attacks.
- At least 103 dead and 211 injured; one of the worst attacks in Iran.
- Cemetery evacuated and closed; Iran threatens strong response to the crimes.
China Evergrande's EV share sale deal lapses: A share sale plan between China Evergrande New Energy Vehicle Group (0708.HK), the electric vehicle arm of property ...
reuters.com/world/china/china-evergrandes-ev-share-sale-deal-lapses-2024-01-01/
Evergrande New Energy Unit Shares Fall After Parent's Liquidation Order: Shares of China Evergrande Group’s offshore units are fluctuating after their ...
bloomberg.com/news/articles/2024-01-30/evergrande-new-energy-unit-shares-fall-as-trading-resumes
Paid articlePaid
Quick Glance: China Evergrande Faces Liquidation Amid Property Turmoil
- A Hong Kong court ordered the liquidation of China Evergrande Group, marking a legal turning point for the heavily indebted property developer.
- The wind-up process could result in a change in management and the resolution of some issues, Judge Linda Chan stated on Monday morning at the city's High Court.
Evergrande EV exec detained in China: A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of ...
euronews.com/business/2024/01/08/evergrandes-ev-company-says-police-have-detained-one-of-its-top-executives
Evergrande Creditors Demand Controlling Stakes in New Proposal: A group of offshore creditors to China Evergrande Group is demanding controlling equity stakes of ...
bloomberg.com/news/articles/2023-12-01/evergrande-creditors-demand-controlling-stakes-in-new-proposal
Weekly Commentary: Pricing 6 Cuts (And Counting): Options trading boomed while hedging in-the-money call options provided a key source of marketplace liquidity ...
seekingalpha.com/article/4662843-weekly-commentary-pricing-6-cuts-and-counting
Paid articlePaid Evergrande Creditors Demand Controlling Stakes in New Proposal: A group of offshore creditors to China Evergrande Group is demanding controlling equity stakes of ...
bloomberg.com/news/articles/2023-12-01/evergrande-creditors-demand-controlling-stakes-in-new-proposal
CX Daily: China Plans to Open Two Areas of Low-Altitude Airspace for General Aviation - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-278984
China's Country Garden eyes debt deal, Evergrande creditors anticipate liquidation
reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/
Quick Glance: Evergrande Suspends $500M EV Share Deal, Stock Trading to Resume
- The company logo is visible at the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China.
- The share subscription deal was suspended due to 'significant uncertainties' related to the Evergrande group, according to the Chinese firm's filing.
- Previously, investigations were initiated against the parent company, founder, and senior executives of Evergrande, while the firm's debt restructuring plan has also been derailed.
- Trading in shares of China Evergrande New Energy Vehicle Group, which were suspended on September 28, will resume on Monday, as stated in the Sunday filing.
The Wobbles Showing a Bleak Outlook for China’s Weaker EV Makers: The future for two of China’s worst-selling electric car brands just got even bleaker.
bloomberg.com/news/articles/2023-10-16/the-wobbles-showing-a-bleak-outlook-for-china-s-weaker-ev-makers
China Evergrande, 2 units halt share trading without giving reason: HONG KONG -- Troubled property developer China Evergrande Group and two of its Hong ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-Evergrande-2-units-halt-share-trading-without-giving-reason
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Shares of China Evergrande and its property unit jump in Hong Kong as they resume trading after confirming chairman is under police control
scmp.com/business/china-business/article/3236575/shares-evergrande-and-its-property-unit-jump-hong-kong-they-resume-trading-after-confirming-chairman
Paid articlePaid Evergrande asks to resume share trading on Hong Kong bourse: (Reuters) -- Embattled property developer China Evergrande Group said on Friday it has ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Evergrande-asks-to-resume-share-trading-on-Hong-Kong-bourse
Evergrande loses $2 bln in value as trade resumes; extends creditor voting: China Evergrande Group (3333.HK) lost $2.2 billion, or 79% of its market value ...
reuters.com/business/china-evergrande-shares-plunge-more-than-80-trade-resumes-after-17-months-2023-08-28/
Quick Glance: China Evergrande shares plunge over 80%
- Evergrande, the world's most heavily indebted property developer, is at the forefront of the property crisis in China.
- Shares of Evergrande plummeted to HK$0.22 in Hong Kong, causing its market capitalization to shrink to HK$3.2 billion ($408.02 million).
- The resumption of trading in all three companies is crucial for Evergrande Group as its offshore debt restructuring plan involves converting a portion of the debt into equity-linked instruments.
- Evergrande would have faced the risk of delisting if the suspension had lasted for 18 months.
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court: China Evergrande (3333.HK), which is the world's most heavily indebted property ...
reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
Quick Glance: Evergrande: China's Property Giant Files for US Bankruptcy
- Evergrande files for bankruptcy protection in the US as China's real estate crisis deepens.
- Concerns rise over the world's second largest economy due to problems in China's property market.
- No immediate response from Evergrande to BBC's request for comment.
- With estimated debts of over $300bn, it was the world's most heavily indebted property developer.
China Evergrande NEV shares jump on $3.2 bln plan to lower debt: China Evergrande New Energy Vehicle Group (NEV) (0708.HK) shares jumped nearly 50% on Tuesday ...
reuters.com/business/autos-transportation/evergrande-nev-shares-set-open-sharply-higher-after-share-sale-nwtn-2023-08-15/
Quick Glance: China Evergrande EV Unit to Issue New Shares in Restructuring
- China Evergrande New Energy Vehicle Group to issue 5.44 billion new shares at HK$3.84 per NEV share
- The new shares will be used to pay off loans of China Evergrande and its founder
- 4.18 billion NEV shares to be deposited as security for exchangeable bonds and new notes
- NEV to issue 6.18 billion new shares to NWTN and receive RMB600 million in interest-free funding
Evergrande loses US$2-billion in value as trade resumes; extends creditor voting: Evergrande is at the center of a crisis in China’s property sector that has ...
theglobeandmail.com/business/article-evergrande-loses-us2-billion-in-value-as-trade-resumes-extends/
Quick Glance: Evergrande: Chinese property giant reports $4.5bn loss
- Children play basketball in front of a housing complex developed by Evergrande.
- Chinese developer Evergrande reports a loss of 33bn yuan ($4.5bn) in the first half of 2021.
- Evergrande shares have been suspended from trading since March 2020.
- Measures have been taken to improve the liquidity and financial position of the group.
Evergrande’s Troubled EV Maker Agrees to $500 Million Share Sale: The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell ...
bloomberg.com/news/articles/2023-08-14/nwtn-will-buy-500-million-stake-in-china-evergrande-new-energy
Chinese asset manager eyes restructuring to ease liquidity crunch amid contagion fears
reuters.com/markets/asia/chinese-asset-manager-zhongzhi-says-it-is-liquidity-crisis-meeting-video-2023-08-17/
Quick Glance: Chinese asset manager plans restructuring to tackle liquidity crisis
- Zhongzhi Enterprise Group plans a debt restructuring due to a liquidity crisis in the Chinese property sector.
- Asset managers like Zhongzhi raise billions of dollars by selling investment products through trust and wealth management units.
- Zhongzhi has hired an accounting firm and is seeking strategic investors.
- The liquidity stress facing Zhongzhi highlights the impact of the debt crisis in China's property sector.
Evergrande EV Unit Slumps 68% as Trading Resumes After 2022 Halt: China Evergrande New Energy Vehicle Group Ltd. tumbled 68% as trading resumed in the troubled ...
bloomberg.com/news/articles/2023-07-28/evergrande-ev-unit-slumps-68-as-trading-resumes-after-long-halt
Quick Glance: Evergrande EV unit reports approximately $10 billion loss for 2021 and 2022
- Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for 2021 and 2022.
- The company warned in March that it might have to wind up operations unless it obtained new funding.
- The company posted revenue of 2.53 billion yuan for 2021 and revenue from continuing operations of 134.0 million yuan for 2022.
- Evergrande Group intends to shift its primary business from real estate to the automobile venture within 10 years.
CX Daily: China’s Offshore Wind Sector Gears Up for Life After Subsidies - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-277980
Quick Glance: Super Typhoon Saola Approaches: Hong Kong Grounds Flights and Shuts Schools
- Super Typhoon Saola recorded top wind speeds of 205km/h as it nears China's southern coast.
- Hong Kong has grounded flights, shut down its stock market, and closed schools as super Typhoon Saola barrels towards China's southern coast.
- Saola's wind speeds topped 205km/h as it came within 230km of the financial hub.
- On China's mainland, authorities issued the highest typhoon warning for the storm, which is expected to make landfall in coastal areas from Huilai to Hong Kong on Friday afternoon or evening.
Evergrande services arm shares halve as trading resumes after 16 months: Shares of Evergrande Property Services Group (6666.HK) shed 50% of their value on ...
reuters.com/world/china/shares-evergrande-services-arm-drop-trading-resumes-after-16-months-2023-08-03/
Quick Glance: Evergrande services arm loses half of stock value after 16-month trading halt
- Evergrande services arm loses 50% of stock value after 16-month trading halt.
- Financial troubles following parent company's debt crisis.
- Resumption of trading after 16-month suspension.
- Active measures to recover losses and negotiations with parent company.
CX Daily: China’s Property Crisis Contagion Spreads to State-Backed Developers - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-277760
CX Daily: Interview With Indonesian President Joko Widodo: A Unifying ‘Outsider’- mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-277744
Quick Glance: China's Diplomatic Success in the Middle East
- China's public diplomacy promotes development between Saudi Arabia and Iran.
- China strengthens ties with Saudi Arabia through technology transfer and drone production.
- The blame game points to the US and the West for issues in the Middle East.
- China collaborates with Middle East investors and becomes Russia's top oil supplier.
Shareholders of Evergrande's EV unit agree on restructuring deal: Shareholders of China Evergrande New Energy Vehicle Group (0708.HK) accepted a proposal to ...
reuters.com/markets/deals/shareholders-evergrandes-ev-unit-agree-restructuring-deal-2023-05-13/
Evergrande EV unit set for $3.6 bln gain from liability transfer: Embattled property developer China Evergrande Group (3333.HK) said its listed electric vehicle ...
reuters.com/world/china/china-evergrande-unit-sell-two-businesses-part-restructuring-2023-04-24/
Evergrande EV Unit Fights for Survival After Vowing to Overtake Tesla: China Evergrande New Energy Vehicle Group Ltd.’s billionaire founder vowed to overtake ...
bloomberg.com/news/articles/2023-04-14/evergrande-ev-unit-s-bid-for-survival-getting-lukewarm-reception
Evergrande dollar debt revamp plan fails to cheer investors: China Evergrande Group's offshore debt restructuring proposal, a test of investor sentiment towards ...
reuters.com/world/china/china-property-stocks-fall-after-evergrande-debt-revamp-plan-2023-03-23/
China Evergrande's EV unit warns it may halt production amid funds shortage: China Evergrande New Energy Vehicle Group Ltd (0708.HK) said on Thursday it may have ...
reuters.com/business/autos-transportation/china-evergrandes-ev-unit-warns-it-may-halt-production-due-funds-shortage-2023-03-23/
Evergrande EV Unit Fights for Survival After Vowing to Overtake Tesla: China Evergrande New Energy Vehicle Group Ltd.’s billionaire founder vowed to overtake ...
bloomberg.com/news/articles/2023-04-14/evergrande-ev-unit-s-bid-for-survival-getting-lukewarm-reception
Evergrande said to propose two offshore restructuring options- Bloomberg News: Embattled property developer China Evergrande Group (3333.HK) has been discussing ...
reuters.com/markets/asia/evergrande-said-propose-two-offshore-restructuring-options-bloomberg-news-2023-01-17/
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