Thursday, July 10, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Evergrande Creditors Press Hui for $2B as Overhaul Nears – Bloomberg (OTCMKTS:EGRNF)

by Euro Times
November 25, 2022
in Business
Reading Time: 1 min read
A A
0
Home Business
Share on FacebookShare on Twitter


China’s Evergrande (OTC:EGRNF) (OTC:EGRNY), a debt-laden property developer has told offshore creditors that it plans to present a restructuring proposal as soon as the first week of December, Bloomberg News reported on Thursday (Nov 24).

The proposal could include swapping debt for shares in the company’s Hong Kong-listed auto and property management units, the report said, citing unnamed sources.

The group of creditors asked Chairman Hui Ka Yan to infuse at least $2 billion of his personal wealth into Evergrande as a condition for agreeing on any proposals from the company, it added.

The company aims to start negotiating restructuring terms next month and is combing through onshore assets to offer as additional credit enhancement to holders of its U.S. dollar-denominated bonds.

The Chinese property developer has been struggling with over $300B of debt that has spread across the country’s economy as the company’s suppliers now deal with the aftermath.



Source link

Tags: BloombergcreditorsevergrandeHuinearsOTCMKTSEGRNFoverhaulPress
Previous Post

EXPLAINER: What’s the effect of Russian oil price cap, ban?

Next Post

Will the American consumer considerably slow their spending in the next 1-2 quarters? : stocks

Related Posts

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

by zee business
July 10, 2025
0

Tata Consultancy Providers Ltd. (TCS), India’s largest IT companies firm, reported its monetary outcomes for the April–June quarter (Q1FY26) after...

Mevo Carmel in pole position to house Nvidia Israel campus

Mevo Carmel in pole position to house Nvidia Israel campus

by Assaf Gilead
July 10, 2025
0

Regional councils in northern Israel are battling it out to draw Nvidia, within the wake of the US chip...

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

by Shubhayan Bhattacharya
July 10, 2025
0

On the constructive facet, the Smartworks Coworking boasts a major presence with 50 facilities throughout 15 cities, providing a considerable...

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

by Euro Times
July 10, 2025
0

OpenAI is growing its personal AI-powered net browser constructed on Google’s Chromium platform, aiming to problem Google Chrome’s dominance and...

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

by Euro Times
July 9, 2025
0

Smartworks Coworking Areas has raised Rs 173.64 crore from anchor traders forward of its preliminary public supply (IPO). In a...

Next Post
Will the American consumer considerably slow their spending in the next 1-2 quarters? : stocks

Will the American consumer considerably slow their spending in the next 1-2 quarters? : stocks

Crypto lender Hodlnaut reportedly faces police investigation in Singapore By Cointelegraph

Crypto lender Hodlnaut reportedly faces police investigation in Singapore By Cointelegraph

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

July 10, 2025
Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

July 10, 2025
Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

July 10, 2025
Pentagon to become largest shareholder in rare earth magnet maker MP Materials

Pentagon to become largest shareholder in rare earth magnet maker MP Materials

July 10, 2025
Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

July 10, 2025
The Emptiness of AI Ethics

The Emptiness of AI Ethics

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

Why Is Every Natural Disaster Being Politicized?

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In