Recent events
Recent events tied to this brand in public sources.
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2026
PAG to acquire controlling stake in Evergrande Property Services
PAG signed transaction documents with China Evergrande Group and its subsidiary CEG to acquire their combined 55.15 billion shares in Evergrande Property Services, representing approximately 51.016% of its issued shares, for HK$4.026 billion in cash. PAG will also assume CEG's HK$500 million tax obligations.
2026
PAG announces proposed acquisition of a 51% stake in Evergrande Property Services
Evergrande Property Services announced that PAG would acquire approximately 51% of its issued shares from China Evergrande and CEG Holdings for HK$4.026 billion. PAG also offered to acquire shares from other Evergrande Property Services shareholders. The transaction had not yet completed; PAG would become the company's controlling shareholder upon completion.
2022
China Evergrande announces sale of stakes in four projects
China Evergrande announced that it sold equity interests in four projects to China Everbright Trust and Minmetals Trust. The trust companies would take over operating management of the project companies and provide funds for further development and construction.
2021
Evergrande employees in several regions halt business operations
Employees at Evergrande companies in Shanxi, Guangxi and Hunan began a strike over alleged unpaid wages and social insurance, saying that company business would be halted during the strike.
2021
Evergrande faces 367 creditor lawsuits in mainland China
A mainland Chinese court handling Evergrande civil litigation had accepted 367 creditor lawsuits between August 24 and December 9, involving claims of 84 billion yuan, according to the report.
2021
Yanghe investment in Evergrande-linked trust product was not repaid at maturity
Yanghe Distillery Co. said its wholly owned subsidiary Yanghe Investment did not recover RMB 72.5135 million in principal and investment returns on a trust product linked to an Evergrande project at maturity. The article reports that the trustee had not received the full repurchase principal and premium from the debtor.
2021
Quanzhu files construction-payment lawsuits against Evergrande entities
Shanghai Quanzhu Holdings Group and its wholly owned subsidiary filed 333 lawsuits in multiple courts against Evergrande Group and related entities over construction-payment disputes. Quanzhu sought payment of outstanding construction amounts and related interest and costs.
2021
Guangdong women's volleyball team ends co-building partnership with Evergrande
Guangdong women's volleyball team ended its eight-year co-building partnership with Evergrande after the contract expired; Evergrande had indicated that it would not renew the contract.
2021
Evergrande-related protest victims allege violent clearance in Zhengzhou
People seeking redress at Evergrande Group’s Henan company in Zhengzhou were forcibly removed on September 15, with some reportedly injured and others taken to a police station. One victim alleged that Evergrande had hired some of the unidentified people involved; the article does not establish who carried out the violence.
2021
Investors protest overdue Evergrande Wealth products
Investors protested after Evergrande Wealth investment products came due without payment. The report described investors gathering at Evergrande's Shenzhen headquarters and seeking repayment; it also said the authorities cleared the gathering.
2021
Evergrande announces a repayment plan for Evergrande Wealth products
Evergrande Group announced a repayment plan for Evergrande Wealth investment products after redemptions were delayed. The proposal offered staged cash payments, payment in property assets, or offsets against unpaid home-purchase balances. Investors expressed dissatisfaction, saying the plan had been issued without consultation.
2021
Evergrande employees protest alleged unpaid wages in Shangqiu
Former employees at Evergrande Times New City in Shangqiu reportedly began protesting on September 3, 2021, seeking unpaid wages and commissions. An employee told the outlet that more than 60 former employees were involved and that the wages had been delayed since the beginning of the year. These are claims reported by the source; the article provides no determination of the claims.
2021
China Evergrande announces exploration of asset sales
China Evergrande announced that it was in discussions with potential independent third-party investors about selling some assets, including partial stakes in its listed subsidiaries China Evergrande New Energy Vehicle Group and Evergrande Property Services. It said no specific plan or formal agreement had been reached as of the announcement.
2021
Evergrande Group and Sinopec sign strategic cooperation agreement
Evergrande Group and China Petrochemical Corporation signed a strategic cooperation agreement in Beijing, covering areas including lithium-battery vehicle charging and battery-swap station construction, lightweight automotive materials, high-performance construction chemical materials, and mineral water.
2021
Evergrande offers February home-purchase discounts
China Evergrande offered discounts of more than 20% on new homes in February to buyers purchasing through its mobile app, including a 23.5% discount and additional cash-back and full-payment discounts.
2020
China Evergrande increases investment in Evergrande Auto
China Evergrande increased its stake in Evergrande Auto over two consecutive days, with the purchases totaling HK$1.3 billion.
2020
Evergrande announces nationwide property discounts
Evergrande set a promotion plan offering a 30% discount on its properties nationwide for one month, with additional discounts on some properties. The article reports the plan and does not establish that the promotion had already been carried out.
2020
Evergrande puts more than 200 commercial assets up for sale
Evergrande put more than 200 commercial assets across over 100 cities up for sale. The listed assets included three hotels and a conference center at its Hainan Haihua Island project.
2020
房多多 partners with property developers on online sales
房多多 partnered with Evergrande, Zhongliang, Jinke and Shimao, among other major property developers, to use its online sales solution during the COVID-19 outbreak.
2020
Evergrande launches nationwide sales campaign
Evergrande launched a nationwide home-sales campaign through the 恒房通 platform. Buyers could reserve a home by paying a 5,000-yuan deposit online and signing an online subscription agreement; buyers were also eligible for a price-difference refund if the listed home price fell, under the stated terms.