5 Chinese Real Estate Stocks to Watch as Analysts Predict More Defaults and Crisis

Page 1 of 5

In this article, we discuss 5 Chinese real estate stocks to watch as analysts predict more defaults and crises. If you want to read about some more Chinese real estate stocks to watch, go directly to 10 Chinese Real Estate Stocks to Watch as Analysts Predict More Defaults and Crisis.

5. China Evergrande Group (OTC:EGRNF)

Market Capitalization as of July 25: $2.7 billion    

China Evergrande Group (OTC:EGRNF) is an investment holding firm that primarily engages in the property development business. The firm has interests in the development of residential properties, property investment, management, and construction, as well as a host of other businesses like new energy vehicles, hotel operations, and finance. In late May, news agency Reuters reported that the firm was considering a deal to pay $19 billion in offshore public bonds with cash installments and equity through the sale of two Hong Kong-listed units of the firm. 

China Evergrande Group (OTC:EGRNF) shares have tanked this year as the sales of homes fall drastically, leading to several missed payments on bonds. The firm is in default with $22.7 billion of offshore debt that includes loans and private bonds.

Page 1 of 5