Evergrande. The troubles of Chinese conglomerate Evergrande have dominated headlines after it warned once again that it could default on its astronomical debt because of a cash crunch. Evergrande, the world's most indebted developer, has been stumbling from deadline to deadline in.
HK). (Bloomberg) -- A unit of China Evergrande Group faces a key deadline for a coupon payment Saturday, while smaller rival Kaisa Group Holdings Ltd.'s shares were halted in trading after missing payments on fund products as the fallout spreads to other real estate.
The firm also involves in property construction, hotel operations, finance business, internet business, and health industry business.
China Evergrande, once the country's second-largest real estate developer, is drowning in debt. China Evergrande Group, formerly Evergrande Real Estate Group Limited, is principally engaged in property development. Evergrande, the world's most indebted developer, has been stumbling from deadline to deadline in.