Evergrande Group

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instanceOf gptkb:company
property development
gptkbp:country gptkb:China
gptkbp:debtAmount over $300 billion
gptkbp:debtCrisisYear 2021
gptkbp:defaultedOn offshore bonds
gptkbp:defaultYear 2021
gptkbp:foundedBy gptkb:Xu_Jiayin
gptkbp:foundedIn 1996
gptkbp:headquartersLocation gptkb:Shenzhen
https://www.w3.org/2000/01/rdf-schema#label Evergrande Group
gptkbp:industry healthcare
real estate
electric vehicles
property management
gptkbp:legalStatus liquidation ordered (2024)
gptkbp:listedSince 2009
gptkbp:marketCap once over $50 billion
gptkbp:notableEvent Xu Jiayin placed under police surveillance in 2023
attempted restructuring in 2022-2023
attempted to raise capital through asset sales
attempted to restructure offshore debt
attempted to spin off subsidiaries
delayed payments to suppliers and investors
faced lawsuits from creditors
faced protests from homebuyers
faced regulatory scrutiny
halted trading in 2022
impacted Chinese property market
impacted global markets
ordered to liquidate by Hong Kong court in 2024
property sales declined sharply after 2021
sold assets to repay debt
sold stakes in Evergrande Auto
sold stakes in Evergrande Property Services
subject to asset freezes by courts
subject to government intervention
triggered global financial concerns in 2021
gptkbp:notableProject gptkb:Ocean_Flower_Island
gptkb:Evergrande_Spring
gptkbp:numberOfEmployees over 120,000 (at peak)
gptkbp:parentCompany gptkb:China_Evergrande_Group
gptkbp:stockExchange gptkb:Hong_Kong_Stock_Exchange
gptkbp:stockSymbol gptkb:3333.HK
gptkbp:subsidiary gptkb:Hengda_Real_Estate
gptkb:Evergrande_Health_Industry_Group
gptkb:Evergrande_New_Energy_Auto
gptkbp:website http://www.evergrande.com/
gptkbp:主要株主 gptkb:Xu_Jiayin
gptkbp:bfsParent gptkb:Xu_Jiayin
gptkb:Гуанчжоу_Эвергранд
gptkbp:bfsLayer 5