• Mon
  • Jul 14, 2014
  • Updated: 11:33am

Evergrande Real Estate

Evergrande in US$580m placement

Evergrande Real Estate, the mainland's biggest property developer by area sold last year, is seeking to raise as much as US$580 million through a share placement after its strong performance in recent months.

Thursday, 17 January, 2013, 4:19am

Evergrande reports fraud claim to police

Evergrande Real Estate, the second-largest mainland developer by sales, has reported accusations made against it by United States-based short seller Citron Research to the Hong Kong police.

A source close to the company said Evergrande executive director and vice-president Lai Lixin, accompanied by a lawyer, reported the case to the Commercial Crime Bureau yesterday.

5 Jul 2012 - 12:00am

S&P cuts outlook for developer Evergrande

Standard & Poor's Ratings Services has downgraded its outlook for mainland developer Evergrande Real Estate from stable to negative, noting the group may face a tougher refinancing environment following allegations of fraud by Citron Research.

30 Jun 2012 - 12:00am

Evergrande shares slump on solvency claims

Evergrande Real Estate, the second-largest mainland developer by sales, tumbled yesterday on accusations that it had fabricated its books and asset value.

22 Jun 2012 - 12:00am

Evergrande turns to private placements

Unsuccessful initial public offering candidate Evergrande Real Estate, a Guangzhou-based developer that dropped a plan to raise US$2.12 billion in Hong Kong, hopes to raise US$400 million from private equity firms and hedge funds via a private share placement, sources said.

31 Mar 2008 - 12:00am