Page 4 - Iris Chen News Today

China Evergrande Group’s EGRNF -12.86% stocks and bonds fell to historic lows, after Chinese authorities stepped up their involvement in the company’s affairs and the indebted developer moved closer to a reorganization of its hefty international debt.

Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers said.

SINGAPORE/HONG KONG - Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers...

Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers said.

Chinese state-owned media, Securities Times, reported Friday that China Evergrande Group (HKG: 3333) settled an overdue interest payment to overseas bondholders. This unanticipated step allowed the property developer to avoid default. According to the Securities Times, the Chinese property developer transferred $83.5 million to the trustee for the dollar-backed bonds on Thursday, and the financial […]

SINGAPORE/HONG KONG - Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers...

It took Evergrande less than a day to go from denying "rumors" of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent. In a filing on the Hong Kong stock exchange on Tuesday, Evergrande...

I don’t have to prove anything to my children. They already love me. They forgive me when I’m grumpy, when I yell, or get distracted.

China Property Stock’s Sudden Plunge on Spinoff Plan Spooks Bondholders May 13 2021, 4:00 PM May 13 2021, 1:42 PM May 13 2021, 4:00 PM (Bloomberg) -- Anything freaks out China’s dollar bond market these days, especially when it comes to property firms. (Bloomberg) -- Anything freaks out China’s dollar bond market these days, especially when it comes to property firms. When Central China Real Estate Ltd. shares resumed trading in the afternoon in Hong Kong, they sank as much as...

Anti-fatigue health claims: Taiwan animal test ban to increase cost and time for registering products Health foods manufacturers wanting to make anti-fatigue claims in Taiwan can expect to spend a higher cost and a longer period of time registering products, after the local authorities banned animal testing on such items and insisted on human trials. The Taiwan Food and Drug Administration announced the ban on animal test in health foods and beverages making anti-fat...