{"id":121517,"date":"2021-08-18T15:42:55","date_gmt":"2021-08-18T08:42:55","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-china-evergrande-shores-up-finances-key-insider-cuts-stakes-in-units\/"},"modified":"2021-08-18T16:04:59","modified_gmt":"2021-08-18T09:04:59","slug":"as-china-evergrande-shores-up-finances-key-insider-cuts-stakes-in-units","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-china-evergrande-shores-up-finances-key-insider-cuts-stakes-in-units\/","title":{"rendered":"As China Evergrande shores up finances, key insider cuts stakes in units"},"content":{"rendered":"


\nBillionaire Hui Ka-yan needs all the help he can get to shore up confidence in his beleaguered China Evergrande Group. Instead, insider selling by one of his lieutenants is causing its stock to wobble anew.Xia Haijun, vice-chairman and chief executive of the Shenzhen-based developer, sold about HK$115.6 million (US$14.8 million) worth of stakes in the group\u2019s electric-car making unit and property management arm on August 11, according to stock exchange shareholding data.He sold 3 million shares\u2026
\n
\nSource : South China Morning Post
\nRead more…As China Evergrande shores up finances, key insider cuts stakes in units<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Hui Ka-yan needs all the help he can get to shore up confidence in...<\/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-121517","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-vBX","jetpack-related-posts":[{"id":125599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-to-delay-2021-results-due-to-unfinished-audit-and-efforts-to-overhaul-worlds-most-indebted-developer\/","url_meta":{"origin":121517,"position":0},"title":"China Evergrande to delay 2021 results due to unfinished audit and efforts to overhaul world\u2019s most indebted developer","date":"March 22, 2022","format":false,"excerpt":"\r China Evergrande Group said it would delay the release of its 2021 financial results, as the world\u2019s most indebted developer engages with investors to overhaul a sprawling business with 1.97 trillion yuan (US$310 billion) in liabilities.Evergrande said it would not be able to publish its 2021 financial results by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121352,"url":"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\/","url_meta":{"origin":121517,"position":1},"title":"Asset-sale report spurs US$3.5 billion rally in China Evergrande companies as billionaire seeks to steady ship","date":"August 10, 2021","format":false,"excerpt":"\r Shares 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-halts-trading-of-its-stock-and-subsidiaries-rising-expectations-of-an-overhaul-in-the-worlds-most-indebted-developer\/","url_meta":{"origin":121517,"position":2},"title":"Evergrande halts trading of its stock and subsidiaries, rising expectations of an overhaul in the world\u2019s most indebted developer","date":"March 21, 2022","format":false,"excerpt":"\r Trading was halted for the shares of China Evergrande Group and two of its units on the Hong Kong stock exchange on Monday, raising expectations of an impending announcement in the restructuring of the world\u2019s most indebted property developer.Evergrande\u2019s shares were halted along with the stock of the Evergrande\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-fails-to-offload-leftover-units-at-the-emerald-bay-phase-2-project-in-hong-kong\/","url_meta":{"origin":121517,"position":3},"title":"China Evergrande fails to offload leftover units at The Emerald Bay Phase 2 project in Hong Kong","date":"October 16, 2020","format":false,"excerpt":"\r China Evergrande, the world\u2019s most indebted developer, failed to offload leftover units at its The Emerald Bay Phase 2 project in Hong Kong on Friday.It had sold just seven out of 262 units as of 7pm local time, which agents attributed to an oversupply of new flats in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-inches-closer-to-vanke-prize-with-10pc-stake-in-chinas-largest-developer\/","url_meta":{"origin":121517,"position":4},"title":"Evergrande inches closer to Vanke prize with 10pc stake in China\u2019s largest developer","date":"November 23, 2016","format":false,"excerpt":"\r China Evergrande Group is inching closer to its goal of seeking a seat among the directors of China Vanke Co, with a disclosure that it has accumulated 10 per cent of the larger developer\u2019s outstanding shares. Associated companies and units belonging to Evergrande have bought 552 million Vanke shares\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-raises-another-us5-78b-after-selling-a-quarter-of-property-subsidiary-hengda\/","url_meta":{"origin":121517,"position":5},"title":"Evergrande raises another US$5.78b, after selling a quarter of property subsidiary Hengda","date":"June 1, 2017","format":false,"excerpt":"\r China Evergrande Group, the country\u2019s largest property developer by sales, raised 39.5 billion yuan (US$5.78 billion) in a second round of funding this year on Thursday morning, by selling stakes in one of its core property subsidiaries to a group of 13 investors, including Shenzhen-based Shen Yip Group. Together\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\/121517"}],"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=121517"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}