Subscribe today - find out more
Why you should consider BusinessDesk
CORONAVIRUS

The vaccine tracker: how NZ's rollout is progressing. By Andy Fyers

See details.
Opinion

Evergrande – is it China’s Hanover Finance?

Brian Gaynor
Sat, 25 Sep 2021

Evergrande has completed, or partially completed 787 projects. (Image: Deposit Photos)
Brian Gaynor
Sat, 25 Sep 2021
RELATED
It may seem strange to compare the troubled property giant, China Evergrande Group, with Mark Hotchin and Eric Watson’s Hanover Finance, but there are similarities.Evergrande can also be compared with Colin Reynolds and Peter Francis’ Chase Corporation and a huge number of other failed property groups.The most obvious comparison is that these property-related organisations have huge amounts of debt secured against property, and these borrowings have to be repaid.This debt is usually rolled over, and often increased, but major proble...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Sport
Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Opinion
Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.

© Content Ltd 2021.