The company's shares rose nearly 4 per cent in early trading on Wednesday (Sep 27) after their sharp recent declines.
has been placed under police surveillance, Bloomberg News reported on Wednesday , ratcheting up pressure on the embattled developer whose outlook has already darkened significantly this week.
It was not clear why Hui was placed under residential surveillance, Bloomberg News said, adding the move was a type of police action that falls short of formal detention or arrest and does not mean Hui will be charged with a crime. The company rattled markets afresh when it said on Sunday it could not issue new bonds as part of its offshore debt restructuring plans because of a regulatory investigation into its main Chinese unit, Hengda Real Estate.
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China Evergrande shares tumble for second day after unit misses bond paymentHONG KONG : China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8 per cent after a unit of the embattled property developer missed an onshore bond repayment.Evergrande's main domestic unit, Hengda Real Estate Group, said in a Shenzhen stock exchange filing
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Philippines says no stand-off with China after removal of floating barrier in South China SeaThe Philippines on Monday executed what it called a “special operation” to cut a 300-metre barrier installed by China at the Scarborough Shoal. Read more at straitstimes.com.
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Philippines says no standoff with China after removal of floating barrier in South China SeaMANILA: The Philippines on Tuesday (Sep 26) said China's coastguard had removed remnants of a floating barrier severed by its Filipino counterparts at a fiercely contested shoal in the South China Sea, adding there was no standoff or signs of aggression.
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Philippines says no stand-off with China after removal of floating barrier in South China SeaMANILA — The Philippines said on Tuesday (Sept 26) there were no signs of a standoff at a fiercely contested, China-held shoal in the South China Sea, a day after its coastguard severed a floating barrier installed by Beijing to block its fishermen. China's coastguard had even removed remnants of the ball-buoy barrier from the Scarborough Shoal, a Philippine coastguard...
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Major Evergrande creditor group to seek liquidation if no new debt plan soon: SourcesSYDNEY: A major group of offshore creditors of China Evergrande Group is planning to join a court petition to liquidate the cash-strapped developer if it doesn't submit a new debt revamp plan by next month, two sources familiar with the matter said. The creditor group holds a large portion of Evergrande of
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Major Evergrande creditor group to seek liquidation if no new debt plan soon: ReportSYDNEY: A major group of offshore creditors of China Evergrande Group is planning to join a court petition to liquidate the cash-strapped developer if it doesn't submit a new debt revamp plan by next month, two sources familiar with the matter said. The creditor group holds a large portion of Evergrande of
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