{"id":121208,"date":"2021-08-02T14:20:07","date_gmt":"2021-08-02T07:20:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-boosts-asset-sales-in-bid-to-stave-off-cash-crunch\/"},"modified":"2021-08-02T15:25:35","modified_gmt":"2021-08-02T08:25:35","slug":"china-evergrande-boosts-asset-sales-in-bid-to-stave-off-cash-crunch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-boosts-asset-sales-in-bid-to-stave-off-cash-crunch\/","title":{"rendered":"China Evergrande boosts asset sales in bid to stave off cash crunch"},"content":{"rendered":"


\nHighly indebted developer sells $420m stake in internet group as financial pressures mount
\n
\nSource : ft.com
\nRead more…China Evergrande boosts asset sales in bid to stave off cash crunch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Highly indebted developer sells $420m stake in internet group as financial pressures mount Source...<\/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-121208","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-vwY","jetpack-related-posts":[{"id":124296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt\/","url_meta":{"origin":121208,"position":0},"title":"Evergrande, Kaisa and other indebted developers get a break as China\u2019s rate cuts release funds to relieve their cash crunch and mounting debt","date":"January 20, 2022","format":false,"excerpt":"\r China\u2019s publicly traded developers soared on the stock market, as the first cut in mortgage rates in two years combined with a government plan to grant them easier access to sales receipts brought much-needed relief to their cash crunch and mounting debt.The Hang Seng Mainland Properties Index, which tracks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-30-per-cent-discounts-get-worlds-most-indebted-developer-within-sight-of-sales-goal-allay-cash-crunch-fears\/","url_meta":{"origin":121208,"position":1},"title":"China Evergrande\u2019s 30-per cent discounts get world\u2019s most indebted developer within sight of sales goal, allay cash crunch fears","date":"October 9, 2020","format":false,"excerpt":"\r China Evergrande Group said a nationwide marketing campaign comprising 30-per cent discounts has brought it closer to hitting its ambitious full-year sales goal, as the world\u2019s most indebted property developer pulls out all stops to generate cash to repay debt.The Guangzhou-based developer sold 141.63 billion yuan (US$21.1 billion) of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-scraps-us2-6-billion-sale-of-property-services-unit-to-hopson-suffering-a-second-rebuff-to-its-asset-disposal-in-a-week\/","url_meta":{"origin":121208,"position":2},"title":"Evergrande scraps US$2.6 billion sale of property services unit to Hopson, suffering a second rebuff to its asset disposal in a week","date":"October 20, 2021","format":false,"excerpt":"\r China Evergrande Group scrapped the sale of its property management unit to a rival, as its asset disposal plan was rebuffed for the second time in a week just before a 30-day grace period runs out for declaring the world\u2019s most indebted developer in default.An October 1 bid to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-shares-tumble-after-court-freezes-20m-bank-deposits\/","url_meta":{"origin":121208,"position":3},"title":"China Evergrande shares tumble after court freezes $20m bank deposits","date":"July 19, 2021","format":false,"excerpt":"\r New concerns raised over highly indebted property developer facing cash crunch\r \r Source : ft.com\r Read more...China Evergrande shares tumble after court freezes m bank deposits","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-drafts-rules-to-give-property-developers-more-access-to-escrow-funds-to-ease-industrys-cash-crunch-sources-say\/","url_meta":{"origin":121208,"position":4},"title":"China drafts rules to give property developers more access to escrow funds to ease industry\u2019s cash crunch, sources say","date":"January 19, 2022","format":false,"excerpt":"\r China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, four people with knowledge of the matter said.Regulatory curbs on borrowing have driven the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-bond-trading-halted-on-reports-of-cash-crunch\/","url_meta":{"origin":121208,"position":5},"title":"Evergrande bond trading halted on reports of cash crunch","date":"September 25, 2020","format":false,"excerpt":"\r Indebted Chinese developer\u2019s shares and debt volatile as it denies seeking state help\r \r Source : ft.com\r Read more...Evergrande bond trading halted on reports of cash crunch","rel":"","context":"In "Property 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