Evergrande’s major shareholder Chinese Estates plans to go private

Evergrande’s major shareholder Chinese Estates plans to go private
The China Evergrande Centre building sign is seen in Hong Kong, China, September 23, 2021. REUTERS/Tyrone Siu Oct 6 (Reuters) - Chinese Estates Holdings (0127.HK), a major shareholder of embattled developer China Evergrande (3333.HK), said on Wednesday it had proposed to be taken private by Solar Bright Ltd for HK$1.91 billion ($245.30 million).Following the completion… Read More

As China Evergrande’s debt crisis deepens, unpaid small business owners speak of despair

As China Evergrande’s debt crisis deepens, unpaid small business owners speak of despair
People gather to demand repayment of loans and financial products as security personnel guard outside Evergrande's headquarters in Shenzhen, Guangdong province, China, September 15, 2021. REUTERS/David KirtonSHENZHEN, China, Sept 16 (Reuters) - Wu Lei says his small construction company in central China has accepted commercial paper from property developer Evergrande (3333.HK) as payment for two… Read More

China Evergrande’s EV firm partners Tencent unit to develop smart vehicle OS

China Evergrande’s EV firm partners Tencent unit to develop smart vehicle OS
HONG KONG (Reuters) - China Evergrande New Energy Vehicle Group Ltd said on Monday it will form a joint venture with a unit of technology giant Tencent Holdings Ltd to develop a smart vehicle operating system employing proprietary intellectual property.The electric vehicle (EV) arm of real estate developer China Evergrande Group said it will contribute… Read More