The Evergrande Group or the Evergrande Real Estate Group previously Hengda Group pronounced ehvergrand is the second largest property developer in China by sales. Evergrande which ratings agency SP Global says is the worlds most-indebted real estate developer said it will make a payment due on a 4 billion yuan 620 million bond denominated.
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Evergrande owns more than 1300 real estate projects in over 280.
Evergrande. The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion argues Goldman Sachs. Evergrande is everywhere. Evergrande the worlds most indebted property developer is crumbling under the weight of more than 300 billion of debt and warned more than once it could default.
It is ranked 122nd on the. Its main business is in real estate and its Chinas second-largest property developer by sales.
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