On Friday, Evergrande said it had "adequately" fulfilled exchange guidance for the resumption of trade of its Hong Kong-listed stock

Workers at dorms on two Country Garden sites in Tianjin, a port city of 14 million people about 135 km (84 miles) southeast of Beijing, complained of months without pay

China's property sector has over the past two years been thrust into a severe debt crisis with many developers defaulting on payments

Bondholders have also been pushing Evergrande Chairman Hui Ka Yan to put in more of his own money to repay debt

The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale

The fund has an initial $12bn from China Construction Bank and the PBOC to buy and complete unfinished projects. More insights are expected when Evergrande releases its debt plan this week

Angry homebuyers have resorted to physical protests as well as a threatened boycott of mortgages due to hundreds of unfinished housing projects

In a proposal to bondholders, Hong Kong-listed Powerlong aims to pay 5% of principal on the due date of the bonds, 15% after six months, and the final 80% after 12 months, sources said.

The food-for-homes trade has expanded from wheat and garlic to watermelons and peaches, as developers in some small cities reduce the cash amount that buyers need

The real estate company completed a one-year maturity extension on $500 million in senior unsecured notes, prompting S&P to regrade it one notch higher to "CCC".

Yu Liang's comments helped to drive up the CSI Real Estate Index 6%, while Hong Kong's Hang Seng Mainland Properties Index rose more than 1%

Wheat and garlic are being accepted as property down-payments as desperate China developers scramble to boost sales after a plunge in sales from January to May.