• Wed
  • Sep 3, 2014
  • Updated: 11:43am

Evergrande Real Estate Group

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.

Saturday, 30 June, 2012, 12:00am

Developer's claim of innocence isn't entirely convincing

Last Thursday Los Angeles-based short-selling specialist Citron Research published a report into mainland property giant Evergrande alleging all sorts of naughtiness.

Among other sins, Citron accused the company of cooking its books, bribing government officials, and exaggerating its chairman's academic credentials.

25 Jun 2012 - 12:00am

Accounts claims 'totally untrue'

Financial institutions have rejected a short seller's accusations of accounting impropriety against Evergrande Real Estate but their support failed to prevent a further slump in its shares yesterday.

23 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

No final whistle in soccer graft fight

As courts in the northeastern province of Liaoning delivered verdicts yesterday against former high-ranking soccer officials and star players, a three-year campaign to purge corruption from the sport appeared to be finally nearing its endgame.

14 Jun 2012 - 12:00am

Beijing sticks with price-cooling measures

Beijing has reiterated its determination to keep austerity measures in place to bring down property prices, as sales volumes rebounded sharply and more and more cities start discreetly easing curbs introduced in 2010.

7 Jun 2012 - 12:00am

Coach refuses to lift ban on Conca before make-or-break match

Not even the need to avoid defeat against Thailand's Buriram United in the final group match of the Asian Champions League has earned Dario Conca a reprieve as Guangzhou Evergrande go into their final group match tonight without the US$10 million Argentinian playmaker.

15 May 2012 - 12:00am

Guangzhou dominate but fail to grab points

Domestic champions Guangzhou Evergrande remain China's best hope in the AFC Champions League despite South Korean coach Lee Jang-soo accepting full responsibility for last night's 3-1 defeat by Jeonbuk Hyundai Motors as a late double from South Korea striker Lee Dong-gook silenced another bumper crowd at Tianhe Sports Centre.

2 May 2012 - 12:00am

Conca makes himself at home in China

What do you do in your spare time when you are one of the highest-paid footballers in world? Many things spring to mind, but for Guangzhou Evergrande's diminutive Argentinean midfielder Dario Conca, his new home is certainly where the heart is.

17 Apr 2012 - 12:00am

Outlook gloomy despite big rise in transactions

Home sales on the mainland rose strongly last month after major developers cut their prices aggressively, but the outlook remains uncertain.

11 Apr 2012 - 12:00am

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