Shares of 14 Chinese developers and 18 other firms were suspended from trade by Hong Kong exchange on Friday for failing to declare results; many said audits were hit by Covid curbs.

A Thai hotel and resort company, Minor International, paid more than 60 million pounds ($79 million) in an auction to regain ownership of the group

The Shanghai-based company is managing to raise funds from capital markets while Kaisa Group, Sunac, China Aoyuan and Shimao Group suspended trading in Hong Kong

Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country's Covid-19 outbreak in 2020

The company's chairman said profit in 2022 may see some growth because it has 710 billion yuan in sales from last year that have yet to be booked

More decisive policy easing is needed at the city level to stimulate demand from wary buyers and inject new credit to stop more property-related firms from defaulting

Goldman Sachs lowered its forecast to a 5% decline in each year from flat prices this year, followed by 5% declines in 2023 and 2024 and a return to flat again in 2025

The 4 billion yuan onshore bond will mature on April 1, 2024, but investors have a put option to sell back to the company on April 1 this year.

Evergrande said it would use the proceeds to repay construction fees of 920.7 million yuan for projects in Hangzhou, including the Crystal City Project

Adani last year took over the Mumbai and Navi Mumbai airport projects from the GVK Group

Housing sales by floor space fell 49.1% year-on-year in March in 17 Chinese cities, a deeper contraction than a 23.4% drop the previous month

The integrated project, comprising four reclaimed islands in the state of Johor, is struggling to market property to core investors in China and Singapore