What we know about Evergrande's financial future

BEIJING: A Hong Kong court granted Chinese real estate behemoth Evergrande until the end of January to put together a restructuring plan on Monday ( Dec4 ), giving the troubled company much-needed breathing room as it teeters on the verge of bankruptcy. The enormous debts of the real estate tycoonContinue Reading

Six Thai hostages set to return after release by Hamas

BANGKOK: On Monday, December 4, officials announced that six Thai hostages who had been kidnapped by Hamas and held there for weeks may return to the country. When Arab insurgents crossed the border on October 7, killing 1, 200 people—mostly civilians—and theft about 240 people, thousands of Thais were workingContinue Reading

China Evergrande liquidation hearing in Hong Kong court adjourned to Jan 29

HONG KONG: The prosecutor asked the troubled developer to meet with relevant authorities to discuss loan restructuring terms before adjourning the hear into a bankruptcy petition against China Evergrande Group to the following month. After Evergrande’s attorneys requested an adjournment and stated that no collectors were “actively seeking” liquidation ofContinue Reading