Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

China’s Evergrande takes another billion hit

Published

on

One of the business units of China Evergrande, will need to pay 7.3 billion yuan

The Evergrande Group (Nanchang) Co has been asked to pay a guarantor of its liabilities.

The guarantor remains unnamed but provided a guarantee for the borrowings of certain entities controlled by the Chinese property giant.

the company had recently made plans to restructure its foreign debts, which is raising concerns among some commentators.

The embattled property developer is already failing to meet its debt obligations.

“As the borrowers failed to repay the loans, the applicant carried out its obligations under the guarantee and claimed against the subsidiary under the pledge.”

CHINA EVERGRANDE GROUP

It is understood the Nanchang unit provided counter-guarantees, which it held in Shengjing Bank.

Evergrande is selling its Hong Kong headquarters through a tender process, according to Reuters.

The China Evergrande Group is the second largest property developer China.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading

News

China seeks to establish itself as EV leads

Published

on

China’s dominance in the electric vehicle (EV) market is reshaping the global automotive landscape, as acknowledged by Elon Musk, who views Chinese car companies as Tesla’s most formidable competitors.

 

Beyond being a manufacturing hub, China has excelled in EV development, influencing the industry across resource refining, battery production, software, and manufacturing. Established brands such as Audi, Toyota, and BMW are now collaborating with Chinese partners for EV platforms, batteries, and production. This shift is evident in Australia, where China-made car sales have surged 16-fold in the last five years, and top-selling EVs are predominantly Chinese.

Leading Chinese brands like BYD, SAIC Motor’s MG, and Chery are making significant strides in Australia, with ambitious plans and models that outperform established competitors. China’s impact extends beyond its borders, making it a driving force in the global EV market, shaping growth, innovation, and competition in sustainable mobility.

Continue Reading

News

Is remote learning here to stay?

Published

on

The Great Transformation – how will we learn in the futre?

 
The rise of the digital age has transformed news, media and entertainment and there are signs that it may affect education as well.

Host of The Great Transformation Professor Tim Harcourt from the University of Technology Sydney, gives his predictions about how we will learn in the future.

#featured #the great transformation #tgt

Continue Reading

News

Can this climate group agree on anything?

Published

on

The global climate summit has hit a roadblock as delegates clash over the contentious issue of a fossil fuel phase-out.

 
Tensions reached a fever pitch after OPEC nations vehemently pushed back against the proposed measures, leading to an impasse that threatens progress on tackling climate change.

As world leaders gathered in an effort to accelerate the transition away from fossil fuels and limit global warming, the negotiations took an unexpected turn.

The deadlock has left environmental activists around the world frustrated, as hopes were high for a breakthrough agreement. #featured #climate #cop28

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company