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.
Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds
New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April
The government has eased mortgage costs through interest rate cuts, relaxed some rules on ownership of second homes and urged banks to lend more to buyers
Zhaoqing, in Guangdong province, is believed to be the first municipality to introduce guidelines to ease China's property crisis by helping developers' liquidity