Xu raises £815m from villa and jet sales
The payment cleared after the end of the 30-day grace period
Rival Kaisa has been downgraded amid fears that it “may not be able to service debts in time”
Evergrande and its peers are a “source of global contagion”
The developer’s shares have been suspended after missed payments and liquidity fears
Bonds and interest payments totalling $8.1bn will become due over the next 12 months
The aviation and property group will now become four separate companies in the $170bn restructuring
The developer made a $47.5m payment just hours before it was due
The Chinese property sector owes around $5tn, a third of the country’s GDP
Hui Ka Yan’s personal fortune has slumped by $25bn over the past year
Chair Hui Ka Yan said EV division will be its main business within a decade
The developer made the $83.5m interest payment as the clock ran out, but now needs to find $193m