{"id":122611,"date":"2021-10-15T18:45:37","date_gmt":"2021-10-15T11:45:37","guid":{"rendered":"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\/"},"modified":"2021-10-15T20:06:17","modified_gmt":"2021-10-15T13:06:17","slug":"debt-stricken-china-evergrande-suffers-huge-blow-as-us1-7-billion-deal-to-sell-its-hong-kong-headquarters-collapses","status":"publish","type":"post","link":"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\/","title":{"rendered":"Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses"},"content":{"rendered":"


\nChina 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 Wan Chai. Reuters cited two sources saying Yuexiu\u2019s board had opposed the move over worries that Evergrande\u2019s unresolved indebtedness would create potential\u2026
\n
\nSource : South China Morning Post
\nRead more…Debt-stricken China Evergrande suffers huge blow as US.7 billion deal to sell its Hong Kong headquarters collapses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters...<\/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-122611","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-vTB","jetpack-related-posts":[{"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":122611,"position":0},"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":[]},{"id":139293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-suffers-new-blow-after-failing-to-meet-rules-on-offshore-bond-sales-hobbling-years-of-efforts-to-restructure-us20-billion-of-defaulted-debt\/","url_meta":{"origin":122611,"position":1},"title":"China Evergrande suffers new blow after failing to meet rules on offshore bond sales, hobbling years of efforts to restructure US$20 billion of defaulted debt","date":"September 25, 2023","format":false,"excerpt":"\r China Evergrande\u2019s debt woes are deepening, two years after trying to fix its problems. It has fallen short of local requirements to sell new securities offshore, a key plank in its US$20 billion debt workout with creditors.\r \r Source : South China Morning Post\r Read more...China Evergrande suffers new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt\/","url_meta":{"origin":122611,"position":2},"title":"China Evergrande\u2019s property management arm launching US$2 billion IPO as developer seeks to pare massive debt","date":"November 22, 2020","format":false,"excerpt":"\r Evergrande 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-asks-hong-kong-property-agents-to-sell-more-flats-at-emerald-bay-if-they-want-the-commission-it-already-owes-them\/","url_meta":{"origin":122611,"position":3},"title":"China Evergrande asks Hong Kong property agents to sell more flats at Emerald Bay if they want the commission it already owes them","date":"November 18, 2021","format":false,"excerpt":"\r Debt-stricken China Evergrande Group is asking sales agents to sell even more flats at one of its Hong Kong projects so it can afford to pay them the commission it owes them for units they previously sold.The Shenzhen-based developer is offering to pay the outstanding commission fees owed on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-liquidators-seek-us8-4-billion-from-pwc-entities-in-hong-kong-lawsuit\/","url_meta":{"origin":122611,"position":4},"title":"Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit","date":"May 18, 2026","format":false,"excerpt":"\r The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm\u2019s global coordinating arm assumed responsibility for audits linked to the collapsed developer\u2019s accounting scandal. Evergrande\u2019s liquidators, Tiffany\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":122611,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122611"}],"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=122611"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122611\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}