{"id":119305,"date":"2020-11-22T19:16:14","date_gmt":"2020-11-22T12:16:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt\/"},"modified":"2020-11-22T20:19:31","modified_gmt":"2020-11-22T13:19:31","slug":"china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt\/","title":{"rendered":"China Evergrande\u2019s property management arm launching US$2 billion IPO as developer seeks to pare massive debt"},"content":{"rendered":"


\nEvergrande Property Services, a unit of mainland China\u2019s largest and most indebted developer China Evergrande Group, is looking to raise up to HK$15.8 billion (US$2.04 billion) from an initial public offering in Hong Kong next week, a move that will allow its parent to pare back its massive debt.The mainland property management services provider is offering 1.62 billion shares at an indicative price range of HK$8.5 and HK$9.75, equally splitting them between existing and newly issued shares, it\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande\u2019s property management arm launching US billion IPO as developer seeks to pare massive debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Evergrande Property Services, a unit of mainland China\u2019s largest and most indebted developer China Evergrande...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119305","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-v2h","jetpack-related-posts":[{"id":122173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-cuts-its-losses-heads-for-exit-after-12-years-as-evergrandes-staunchest-ally-and-second-largest-shareholder\/","url_meta":{"origin":119305,"position":0},"title":"Chinese Estates cuts its losses, heads for exit after 12 years as Evergrande\u2019s staunchest ally and second-largest shareholder","date":"September 23, 2021","format":false,"excerpt":"\r China Evergrande Group\u2019s second-largest shareholder Chinese Estates Holdings has dumped a major chunk of Evergrande shares at a loss and signalled the potential sale of its entire stake, as the staunchest ally that kept the world\u2019s most indebted property developer afloat heads for the exit amid a debt crackdown.Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-soar-on-forecast-its-profit-would-triple\/","url_meta":{"origin":119305,"position":1},"title":"Evergrande shares soar on forecast its profit would triple","date":"July 26, 2017","format":false,"excerpt":"\r Shares of China Evergrande Group jumped by the most in almost two months on the Hong Kong stock exchange, after the developer said its first-half profit would triple, driven by China\u2019s soaring property prices and increasing sales. Evergrande shares jumped as much as 15.2 per cent to an intraday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes\/","url_meta":{"origin":119305,"position":2},"title":"Evergrande\u2019s staunchest allies drop out as Chinese property developer\u2019s creditworthiness deteriorates amid debt woes","date":"September 17, 2021","format":false,"excerpt":"\r Two of the property magnate Hui Ka-yan\u2019s staunchest allies appear to be bailing out of China Evergrande Group, selling a large chunk of the developer\u2019s stock ahead of a gathering storm and deteriorating credit ratings over US$300 billion in liabilities.Joseph Lau Luen-hung, the founder of Hong Kong developer Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-china-developer-evergrande-increases-stake-in-shengjing-bank\/","url_meta":{"origin":119305,"position":3},"title":"Mainland China developer Evergrande increases stake in Shengjing Bank","date":"April 28, 2016","format":false,"excerpt":"\r Debt-laden mainland China developer Evergrande Real Estate said on Thursday it will pay 10 billion yuan (HK$ 11.9 billion) to increase its stake in Shengjing Bank to 27.24 per cent, further expanding its footprint in the financial sector.\r \r Source : South China Morning Post\r Read more...Mainland China developer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creeping-funding-costs-at-above-market-rates-in-the-shadow-banking-world-skew-evergrandes-plan-to-pare-back-debt\/","url_meta":{"origin":119305,"position":4},"title":"Creeping funding costs at above-market rates in the shadow banking world skew Evergrande's plan to pare back debt","date":"October 30, 2020","format":false,"excerpt":"\r China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector\u2019s biggest debt.The developer, which owed 835.5 billion yuan (US$125 billion) at June-end, has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit\/","url_meta":{"origin":119305,"position":5},"title":"Vanke stake sale smooths way for Evergrande\u2019s much-prized Shenzhen IPO, despite US$1b hit","date":"June 13, 2017","format":false,"excerpt":"\r Despite taking a hefty loss of 7 billion yuan (US$1 billion), China Evergrande Group is still considered very \u201clucky\u201d to have extracted itself from the China Vanke takeover saga, according to analysts. Evergrande, China\u2019s largest property developer, revealed its holding in housebuilder Vanke was sold to Shenzhen Metro Group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119305"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119305"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119305\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}