Evergrande Singapore
Evergrandes teeter may clear path for Singapore players in China. Evergrande is the largest high-yield dollar bond issuer in Asia and a sizeable issuer in the onshore bond market although not as significant compared to the offshore market.
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Evergrande singapore. The construction site of an Evergrande housing complex is seen in Zhumadian central Chinas Henan province on September 14 2021. 0931 GMT - Singapore shares fell as China Evergrande Groups bond payments loom with the FTSE Straits Times Index slipping 10 to. For now the contagion from Evergrandes risks has not spread beyond the real estate sector in Chinas high-yield bond markets the Bank of Singapore.
Evergrande Group acquired a 50 stake in Sino-Singapore Great Eastern Life Insurance Company in 2015 and changed its name to Evergrande Life. In addition Evergrande Group is the largest shareholder of Shengjing Bank holding 1728 of the shares. FOUNDED in 1996 and listed in Hong Kong in 2009 Guangdong-based Evergrande.
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