Evergrande says it has appointed two companies as joint financial advisers, in the clearest indication yet it is looking at restructuring options amid the scramble to repay its enormous debts; regulators are also said to be preparing a team to assess the group's debts
Shares of the office developer saw their biggest daily fall since 2007 with speculation rife that the US equity firm scrapped the deal over fears China’s regulator would reject the move
China analyst Lu Ting warns of loan and bond defaults, and even stock market chaos, if the property industry plunges into crisis because of Beijing's determination to slash debt levels in the sector
Blackstone's offer in June had valued the property group – which holds prime real estate in cities like Beijing – at HK$26 billion but worries over ‘time frames’ have scuppered the deal
China's grossly indebted property developer has reportedly won a reprieve with at least one creditor agreeing to extend payment deadlines for its bonds
Fitch says China Evergrande has tight liquidity, declining contracted sales, and is making limited progress selling assets.
Company is rushing to raise funds to pay its many lenders and suppliers, while regulators and financial markets fear the crisis could swamp China's banking system
Demand in the country's biggest cities has cooled following a range of restrictions to stabilise prices and reduce property developers' huge debts, a private-sector survey has found
Hugely indebted property developer warns of liquidity and default risks if it fails to resume construction, dispose of more assets and renew loans
Banks have reportedly been told to roll over Evergrande's loans, while a Guangdong court will handle all lawsuits against the company, which shows officials are helping to manage the debt crisis
Beijing's push to cut huge debt levels in the property sector via loan and land-buying curbs have hammered developers, causing a stream of asset sales, bankruptcies, defaults and takeovers
Investors are too focused on China's regulatory crackdown and risk ignoring property curbs that are the `elephant in the room,' says Chief China Economist Lu Ting.