{"id":121352,"date":"2021-08-10T17:31:07","date_gmt":"2021-08-10T10:31:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asset-sale-report-spurs-us3-5-billion-rally-in-china-evergrande-companies-as-billionaire-seeks-to-steady-ship\/"},"modified":"2021-08-10T18:03:33","modified_gmt":"2021-08-10T11:03:33","slug":"asset-sale-report-spurs-us3-5-billion-rally-in-china-evergrande-companies-as-billionaire-seeks-to-steady-ship","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asset-sale-report-spurs-us3-5-billion-rally-in-china-evergrande-companies-as-billionaire-seeks-to-steady-ship\/","title":{"rendered":"Asset-sale report spurs US$3.5 billion rally in China Evergrande companies as billionaire seeks to steady ship"},"content":{"rendered":"


\nShares of companies in the China Evergrande group recorded some of their biggest rallies this year, restoring more than US$3.5 billion of market value, following a report saying the developer was preparing to sell assets to boost its liquidity.The group was in discussions with state-owned and private companies to sell its stakes in its electric car and property management units, according to a Reuters report. It was also seeking buyers for its urban renewal projects in Shenzhen, the report said\u2026
\n
\nSource : South China Morning Post
\nRead more…Asset-sale report spurs US.5 billion rally in China Evergrande companies as billionaire seeks to steady ship<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of companies in the China Evergrande group recorded some of their biggest rallies this...<\/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-121352","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-vzi","jetpack-related-posts":[{"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":121352,"position":0},"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":122611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-china-evergrande-suffers-huge-blow-as-us1-7-billion-deal-to-sell-its-hong-kong-headquarters-collapses\/","url_meta":{"origin":121352,"position":1},"title":"Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses","date":"October 15, 2021","format":false,"excerpt":"\r China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer\u2019s frantic efforts to raise the funds it needs to survive.Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande\u2019s 26-storey office tower in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-scare-hong-kong-conglomerate-speeds-up-china-asset-sales-as-outlook-darkens\/","url_meta":{"origin":121352,"position":2},"title":"Property scare: Hong Kong conglomerate speeds up China asset sales as outlook darkens","date":"December 30, 2015","format":false,"excerpt":"\r Billionaire Cheng Yu-tung\u2019s New World Development (NWD) has accelerated asset sales amid a poor outlook for the property market, raking in nearly HK$60 billion since May, including the latest deal to sell five developments in China to Evergrande Real Estate.\r \r Source : South China Morning Post\r Read more...Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-and-china-vanke-report-profit-gains-and-high-debt-ratios-during-2018\/","url_meta":{"origin":121352,"position":3},"title":"China Evergrande and China Vanke report profit gains and high debt ratios during 2018","date":"March 27, 2019","format":false,"excerpt":"\r Mainland property developers China Vanke and China Evergrande Group reported upbeat profit results for 2018, along with higher debt levels.Evergrande, chaired by billionaire Hui Ka-yan, saw core profit jump 93.3 per cent to 78.32 billion yuan (US$11.88 billion) for the year, up 93.3 per cent on year, while revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-boss-hui-ka-yan-rallies-workers-aims-to-deliver-four-times-as-many-homes-in-december\/","url_meta":{"origin":121352,"position":4},"title":"China Evergrande boss Hui Ka-yan rallies workers, aims to deliver four times as many homes in December","date":"December 27, 2021","format":false,"excerpt":"\r Hui Ka-yan, the founder and chairman of heavily-indebted developer China Evergrande Group, is trying to rally his employees and deliver more homes as the year comes to a close.At a weekly meeting with company executives on Sunday, the 63-year-old billionaire said all employees will be required to not \u201clie\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-price-can-china-evergrande-expect-for-its-hong-kong-headquarters-certainly-not-us2-billion-say-analysts\/","url_meta":{"origin":121352,"position":5},"title":"What price can China Evergrande expect for its Hong Kong headquarters? Certainly not US$2 billion, say analysts","date":"August 24, 2021","format":false,"excerpt":"\r China Evergrande Group is rushing to sell assets to repair its balance sheet. Under state pressure to strengthen its balance sheet, the developer has held talks to sell its interest in Hong Kong-listed car-making unit and property management arm.The Shenzhen-based firm is seeking to sell the 26-storey China Evergrande\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\/121352"}],"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=121352"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}