The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector
PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that position in January last year
Country Garden, Sunac China, Greenland, CIFI and SCE Group have all had some of their projects listed as being suitable for bank loans
Figures showed price rises across 100 cities, signalling the decline in China's property sector may be slowing
A multitude of factors such as social stability and impacts on the property market will be at play when Chinese courts decide on whether to accept the Hong Kong court's ruling on the debt-laden developer
The group owns more than $2 billion in offshore notes guaranteed by the real estate firm which faces $300bn in liabilities
The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group
The crisis-hit real estate giant, with more than $300 billion in liabilities, has until Monday to come up with a revised debt restructuring proposal, a judge ruled
Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2 billion yuan
The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million
Rescuing developers like Country Garden won’t address the sector’s downturn, analysts say, with lifting buyer confidence the key
Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the world’s most debt-laden property developer