Clare Jim
Stories by Clare Jim
Modern Land shares plunge after bondholders demand early repayment
The shares sank nearly 40% in Asia opening hours to HK$0.23, a historical low.
Shimao puts residential projects on sale as property woes in China deepen
Shimao unit Shanghai Shimao Construction is in talks with China Credit Trust to resolve a $101 million defaulted loan payment.
Under pressure, China’s Kaisa working on plan to repay wealth product investors
Chinese authorities are pushing property developers to prioritise meeting onshore debt obligations.
China Evergrande chairman’s stake in services unit drops on forced selling
Hui's stake in Evergrande dropped to 59.78% earlier this month, also on forced selling.
Top developer Shimao’s share price slump triggers China property concerns
Shares in Shimao fell a record 20% and the price of its bonds plunged heavily too.
China’s Fantasia Holdings denies creditor claim on unit’s shares
Fantasia shares, suspended since Nov. 29 pending inside information, will resume trading on Monday.
China’s Evergrande edges closer to default, misses debt deadline
Evergrande was once China's top property developer, with more than 1,300 real estate projects.
HK firms scoop up properties from Chinese developers in distress
The trend will help HK property tycoons to boost their dominance in the Chinese-controlled territory.
Evergrande founder sells 9% stake for $344m amid debt crunch
Evergrande has been grappling with more than $300 billion in liabilities.
