Evergrande default concerns
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China’s Evergrande Group – the world’s most indebted property developer with a US$305 billion mountain of debt – has triggered fears that it could default on interest payments
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China Evergrande Group share price
(Currency in Hong Kong $)
                               
 Hui Ka Yan: Chinese tycoon owns 71% of Evergrande empire. Hui’s wealth surged to US$42.5 billion in 2017

Nov 2017: $31.60 Company’s shares surge 550% in response to widely expected backdoor listing  of its real estate assets in China

Jan 2017: Corporate and land acquisitions increase Evergrande’s debt to at least US$100 million

2014: Evergrande’s core profit rises to 12.1 billion yuan (US$1.95 billion)

Jan 2014: $2.91
Apr 2015: $7.35 
Dec 2016: $4.83
Feb 2021: $17.42
Sep 21: $2.27

Sep 2021: Share price 10 falls 87% since February. Company due to make two
interest payments of $83.5m and $47.5m to 2022 and 2024 bonds

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2021 2014 2015 2016 2017 2018 2019 2020
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Sources: Bloomberg, Forbes, Investing.com Picture: Getty Images © GRAPHIC NEWS