Shares of China Evergrande Group , the nation's No.2 property developer, dropped as much as 4.6% on Friday in early trade, on market concerns over its cashflow.
FILE PHOTO: FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip, the nation's No.2 property developer, dropped as much as 4.6% on Friday in early trade, on market concerns over its cashflow.
The company has pleaded for government support to approve a restructuring plan that has languished for four years, warning it faces a cash crunch that could lead to systemic risks, sources told Reuters on Thursday. Evergrande said late on Thursday a document circulating online about a reorganisation of its subsidiary Hengda Real Estate was a fabrication and defamation, and said it has reported the matter to public security authorities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China has no reason to approve 'dirty' TikTok deal: China DailyChina has no reason to approve the 'dirty and unfair' deal based on 'bullying and extortion' that Oracle Corp and Walmart Inc said they struck with ByteDance, the state-backed English-language China Daily newspaper said on Wednesday.
Read more »
ByteDance asks China for approval to export TikTok technology: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Singapore's Wilmar unit to raise $2 billion in China IPOSingapore agribusiness Wilmar International said on Thursday its China business, Yihai Kerry Arawana (YKA), was set to raise 13.9 billion yuan ($2.06 billion) in its proposed initial pubic offering.
Read more »
U.S. calls video showing China bomb U.S. air base 'attempt to coerce, intimidate''Maintaining the safety of our personnel and resources, as well as our allies and regional partners, is of the utmost importance and we remain committed to ensuring a free and open Indo-Pacific for all nations,' Pacific Air Forces told Newsweek.
Read more »
Mainland China reports seven new COVID-19 cases vs. 10 a day earlierMainland China reported seven new COVID-19 cases on Sept. 23, down from 10 reported a day earlier, the country's national health authority said on Thursday.
Read more »
Here’s where Trump and Biden stand on China and other trade issuesChina policy is just one international trade issue that Trump and Biden are sparring over as the election approaches. Each have different approaches on everything from domestic manufacturing to deals with the UK. Here's where they stand on trade issues:
Read more »