Money

Troubled Evergrande Group sued by Hong Kong agents

Published

3 years ago

October 6, 2021

ticker NEWS

Two Hong Kong property agencies are suing the China Evergrande Group over unpaid commissions

It piles pressure on Evergrande, a Chinese-based developer, as it scrambles to raise funds and avoid collapse.

Centa-Line filed a suit against Evergrande in September to recover 3.1 million Hong Kong Dollars in overdue commissions.

Midland Holdings is claiming unpaid commission for two developments in Hong Kong.

Evergrande has vowed to repay its suppliers and contractors in mainland China as soon as possible.

But in some cases, offering apartments or other real estate assets as construction has been halted because of the delayed payments.

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Why the meme-stock frenzy is unlikely to repeat

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5 days ago

May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

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The mounting pressure on Government spends

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7 days ago

May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

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