Evergrande has made an $83.5 million interest payment on a dollar-denominated bond that was due last month, according to Chinese..
China's second-largest property developer by sales
The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world.
Evergrande has called off plans for a multibillion-dollar deal for its property management unit, worsening its cash crunch as the..