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China Evergrande Shares Suspended In Hong Kong Amid Chairman Surveillance Reports
Thursday, September 28, 2023 - 5:31am | 635China Evergrande Group (OTC:EGRNF) shares have been suspended from trading in Hong Kong stock exchange following reports that its chairman is now under surveillance. What Happened: Hong Kong’s exchange announced the suspension of Evergrande’s shares. This news comes in the wake of a...
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China Evergrande Shares Plunge 87% As Trading Resumes After 17-Month Hiatus
Monday, August 28, 2023 - 5:37am | 469Hong Kong-listed shares of the world’s most indebted property developer, China Evergrande Group (OTC:EGRNF), nosedived as much as 87% on Monday, resuming trade after a 17-month pause, CNBC reported. The beleaguered company's shares fell down to 22 Hong Kong cents, a stark contrast to its...
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China Evergrande Files For Chapter 15 Bankruptcy Protection In US
Thursday, August 17, 2023 - 9:28pm | 410China’s Most Indebted Property Developer, China Evergrande Group (OTC:EGRNF), has Filed For Chapter 15 Bankruptcy Protection In A U.S. Court. According to Reuters, the filing occurred on Thursday, August 17. The company, facing a severe debt crisis, sought protection under Chapter 15 of the U...
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China Evergrande New Energy Vehicle Company Attracts 6 Investors To Raise $3.4 billion
Sunday, January 24, 2021 - 1:03pm | 357The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported. What Happened: The firm, China Evergrande New Energy Vehicle Ltd, said it will issue $952.4...