China Evergrande Group’s shares have suspended trading in Hong Kong, along with those of its property services and electric vehicle units.
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China Evergrande shares tumble for second day after unit misses bond paymentChina Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment. Evergrande's main domestic unit, Hengda Real Estate Group, said in a Shenzhen stock exchange filing late on Monday it had failed to pay the principal and interest for a 4 billion yuan ($547 million) bond that was due by Sept. 25. The news comes after Evergrande said on the weekend that it was unable to issue new debt due to an ongoing investigation into Hengda, sending Evergrande's share price plunging 22% on Monday.
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China urges countries to boycott Hong Kong media freedom eventBy Emma Farge GENEVA (Reuters) - China is pressing countries to boycott a British-organised event at the United Nations in Geneva on media freedom in ...
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Alibaba aims to spin off logistics arm Cainiao in Hong Kong IPO(Reuters) - Alibaba Group's logistics arm Cainiao plans a Hong Kong initial public offering that would make it as the first unit to be spun-off since ...
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Alibaba will spin off its logistics arm Cainiao in an IPO in Hong KongHONG KONG (AP) — Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong, making it the first business unit to go public following a major restructuring. Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed. Alibaba will continue to be a majority shareholder in Cainiao, holding over 50% of the
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One of Asia’s Top Chefs Reviews 14 Mooncakes to Find the Best in Hong KongAnd guess what? Higher-end brands aren’t always better.
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