{"id":122056,"date":"2021-09-17T15:02:53","date_gmt":"2021-09-17T08:02:53","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes\/"},"modified":"2021-09-17T16:04:50","modified_gmt":"2021-09-17T09:04:50","slug":"evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes\/","title":{"rendered":"Evergrande\u2019s staunchest allies drop out as Chinese property developer\u2019s creditworthiness deteriorates amid debt woes"},"content":{"rendered":"


\nTwo 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 Estates Holdings Limited, and his wife Chan Hoi-wan, sold 138 million Evergrande shares several times in the past month for about HK$500 million (US$64 million) in total, according\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande\u2019s staunchest allies drop out as Chinese property developer\u2019s creditworthiness deteriorates amid debt woes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two of the property magnate Hui Ka-yan\u2019s staunchest allies appear to be bailing out of...<\/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-122056","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-vKE","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":122056,"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":140545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-creditor-group-backs-the-chinese-developers-efforts-to-keep-onshore-unit-operational-opposes-bankruptcy-process\/","url_meta":{"origin":122056,"position":1},"title":"Evergrande creditor group backs the Chinese developer\u2019s efforts to keep onshore unit operational, opposes bankruptcy process","date":"December 1, 2023","format":false,"excerpt":"\r An ad hoc group of creditors of Evergrande\u2019s offshore unit has said it supports the management\u2019s efforts to keep the embattled Chinese developer operational, ahead of a key court decision on Monday when the distressed developer faces the risk of a liquidation order\r \r Source : South China Morning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-million-dollar-former-economist-says-his-counsel-fell-on-deaf-ears-as-he-disowns-developers-debt-fuelled-growth\/","url_meta":{"origin":122056,"position":2},"title":"Evergrande\u2019s million-dollar former economist says his counsel fell on deaf ears as he disowns developer\u2019s debt-fuelled growth","date":"October 11, 2021","format":false,"excerpt":"\r Ren Zeping, China Evergrande Group\u2019s ex-chief economist and the country\u2019s highest paid strategist, has disowned the leveraged diversification and debt-fuelled acquisitions of his former employer, as the world\u2019s most indebted developer faces another string of bond payments this week.The former head of the Evergrande Research Institute \u2013 with an\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":122056,"position":3},"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":139386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-hui-ka-yan-once-chinas-richest-man-has-seen-his-wealth-dwindle-as-developers-prospects-sour\/","url_meta":{"origin":122056,"position":4},"title":"China Evergrande\u2019s Hui Ka-yan, once China\u2019s richest man, has seen his wealth dwindle as developer\u2019s prospects sour","date":"October 1, 2023","format":false,"excerpt":"\r Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China\u2019s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nine-bonds-of-evergrandes-flagship-go-on-restricted-trading-after-ratings-cut-in-latest-woe-to-befall-indebted-developer\/","url_meta":{"origin":122056,"position":5},"title":"Nine bonds of Evergrande\u2019s flagship go on restricted trading after ratings cut in latest woe to befall indebted developer","date":"September 16, 2021","format":false,"excerpt":"\r Trading restrictions were placed on nine onshore bonds sold by China Evergrande Group\u2019s flagship property unit, after a local credit rating agency slashed the debts\u2019 creditworthiness, deepening the woes for the world\u2019s most indebted real estate developer.Three yuan-denominated bonds valued at 28.2 billion yuan (US$4.4 billion) issued by Evergrande\u2019s\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\/122056"}],"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=122056"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}