A man walks past the China Evergrande Centre in Hong Kong.
Reports said real estate firm Hopson Development was set to buy a 51% stake in its property services unit. Investors have concerns about its more than $300bn of debt. The company's total liabilities are equal to around 2% of China's gross domestic product. The firm hit an initial stumbling block back then to meet the interest payments on its debts. Now, things have gone from bad to worse.Evergrande's chairman and founder Hui Ka Yan says its plan is to try to secure extensions for its debts and "other alternative arrangements" with its creditors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong broadcaster TVB takes cyberbullying allegations to police, citing online ‘threats and intimidation’Hong Kong’s biggest free-to-air television broadcaster, TVB, has filed a police report alleging cyberbullying at the hands of internet users it says launched an online smear campaign against the station, its advertisers and artists. In a statement issued on Tuesday morning, TVB decried what it called the “harassment, molestation, pestering, threats and intimidation” employed in attempting to launch a boycott of the broadcaster and those buying ad time on it. “This cyberbullying behaviour may cau
Source: YahooSG - 🏆 3. / 71 Read more »
Mother urges Hong Kong to send daughter's killer to TaiwanThe mother of a murdered Hong Kong woman blasted the authorities on Wednesday for allowing her daughter's killer to live as a free man, a case that has festered because China does not recognise Taiwan.
Source: YahooSG - 🏆 3. / 71 Read more »
Hong Kong minister says it could take 20 years before government meets its public housing targetIt could take 20 years to substantially reduce the time Hongkongers have to wait for public housing, the minister responsible has said. By the end of June, about 153,600 Hong Kong families were waiting an average of 5.8 years to be allocated a flat, almost double the Housing Authority’s three-year service pledge. Many have had to live in cramped spaces such as subdivided flats while they wait. Secretary for Transport and Housing Frank Chan Fan told lawmakers on Wednesday that the government stil
Source: YahooSG - 🏆 3. / 71 Read more »
‘This should not be rushed’: expansion of Hong Kong discrimination laws to cover mainland Chinese must be balanced, experts sayA proposed expansion of Hong Kong’s anti-discrimination laws to give mainland Chinese people protected status – recently revived after years of lobbying – must be narrow in scope, legal experts have warned, lest the changes chip away at freedom of expression. The government should also adhere to concrete principles laid down in past court cases in formulating any changes, they added, despite officials insisting such protections are desperately needed and in line with evolving international human
Source: YahooSG - 🏆 3. / 71 Read more »
Hong Kong’s TVB to air gay dating show, a first by station and island stateKUALA LUMPUR, Oct 20 — Hong Kong broadcaster TVB is set to air the island state’s first gay dating show next month. The news was confirmed by Hong Kong actor Vinci Wong, who is both the producer...
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore port to help ease global supply chain crisis, but it comes at a ‘cost’: Chee Hong TatSINGAPORE: The port of Singapore is ready to help ease the global supply chain crisis, but this is expected to cause container pileups and longer waiting times for ships coming to dock here, Senior Minister of State for Transport Chee Hong Tat said on Wednesday (Oct 20).
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »