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China Evergrande Group
Property
Ying Li sells Chongqing ICC project to unit of China Evergrande as part of $672 mil deal
SINGAPORE (Nov 28): Ying Li International Real Estate, the China‐based developer, has agreed to sell its entire stake in a mixed developement project in the CBD of Chongqing city as part of a RMB3.29 billion ($672 million) deal.
November 28, 2017
Evergrande's core profit jumps 250% as property prices climb
(Aug 29): China Evergrande Group, the developer controlled by billionaire Hui Ka Yan, reported a 250% jump in core first-half profit as property sales soared and prices climbed.
August 29, 2017
The world's biggest stock rally loses steam
(Aug 8): It had to end sooner or later. After an almost 400% surge this year through late July that led an unprecedented rally among Chinese developers, China Evergrande Group shares are now leading the way down.
August 08, 2017
Global Markets
Great Wall's 21% jump shows risk of shorting stocks in Hong Kong
HONG KONG (June 13): Short selling can be a tough business, as those betting on declines in Hong Kong’s equity market are finding out.
June 13, 2017
Property
Barbecue chicken seller turns tycoon with a 2,500% stock surge
MANILA (Feb 2): It’s been a fast ascent for college dropout Edgar “Injap” Sia, who less than a decade ago was selling barbecue chicken in the Philippines. He now leads the real estate developer with the best stock gains in Asia.
February 02, 2017
China Focus
China Evergrande to sell non-core assets worth 2.7 bil yuan
HONG KONG (Sept 28): China Evergrande Group, the nation's No. 2 real estate developer, said it was selling non-core assets including interests in grain, oil and dairy products for 2.7 billion yuan ($550.6 million), to enable it to focus on its propert
September 28, 2016
China Focus
Hostile raid on China’s biggest developer marks new takeover era
SINGAPORE (Aug 24): The long-running hostile raid on China’s biggest real estate developer isn’t short on drama: There’s a swashbuckling, Mount Everest-conquering company chief who courts controversy; a relatively unknown raider using leverage to in
August 24, 2016