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#Evergrande Group

thebl.news

Founder Hui Ka Yan sells 1.2 billion Evergrande shares amid debt woes

China Evergrande Group chairman Hui Ka Yan sold 9% of shares worth several hundreds of million dollars in the company, which is dealing with a cash crunch. Hui, also the founder of Evergrande, sold 1.2 billion shares at an average price of HK$2.23 each on Thursday, Nov. 25, raking in HK$2.68 billion ($344 million), Reuters reported, citing Hong Kong Stock Exchange filings.
MARKETS
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thebl.news

Chinese smartphone giant plans to produce 300,000 electric vehicles annually

Chinese smartphone giant Xiaomi Corp will construct a plant in Beijing which can produce 300,000 vehicles per year for its electric vehicle unit, authorities in the capital said on Saturday. On its official WeChat account, the Chinese Communist Party (CCP) backed economic development agency Beijing E-Town disclosed that the plant...
TECHNOLOGY
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newsnetdaily.com

China Evergrande billionaire founder sells $ 343 million stake

The founder and chairman of the China Evergrande group, Hui Ka Yan, sold a large chunk of his shares in the cash-strapped real estate company, raising the equivalent of around $ 343 million. A document filed Friday showed that the sale, made a day earlier, reduced Mr. Hui’s stake in...
ECONOMY
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TRENDING TOPICS
mingtiandi.com

Evergrande Stadium Said Taken Over by Govt and More Asia Real Estate Headlines

In today’s roundup of regional news headlines, the hits keep coming for embattled Chinese developers, with Evergrande reportedly stripped of its soccer stadium and Fantasia facing a wind-up petition. Meanwhile, data centre operator Global Switch is said to have drawn interest from US buyout giants Blackstone and KKR. China Evergrande...
WORLD
thebharatexpressnews.com

Electric vehicle maker Bedeo acquires Protean from Evergrande automotive unit

Evergrande bought Protean, which produces wheel motors, in 2019. UK-based electric mobility company Bedeo said on Thursday it had acquired Protean Electric from the automotive unit of China Evergrande group. Bedeo buys Protean from National Electric Vehicle Sweden, a unit of the Evergrande New Energy Vehicle group. Evergrande bought Protean,...
BUSINESS

China Evergrande soccer stadium taken over by government -source

HONG KONG/BEIJING, Nov 26 (Reuters) - A government body has taken over China Evergrande Group's (3333.HK) soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities. Evergrande, which has been struggling to meet...
SOCCER
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