{"id":122716,"date":"2021-10-20T22:50:34","date_gmt":"2021-10-20T15:50:34","guid":{"rendered":"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\/"},"modified":"2021-10-20T23:03:05","modified_gmt":"2021-10-20T16:03:05","slug":"evergrande-scraps-us2-6-billion-sale-of-property-services-unit-to-hopson-suffering-a-second-rebuff-to-its-asset-disposal-in-a-week","status":"publish","type":"post","link":"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\/","title":{"rendered":"Evergrande scraps US$2.6 billion sale of property services unit to Hopson, suffering a second rebuff to its asset disposal in a week"},"content":{"rendered":"


\nChina 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 buy 50.1 per cent of Evergrande Property Services for HK$20.04 billion (US$2.6 billion) failed to materialise because Evergrande rescinded the sale on October 12, according to a late-night filing by the purchaser Hopson\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande scraps US.6 billion sale of property services unit to Hopson, suffering a second rebuff to its asset disposal in a week<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande Group scrapped the sale of its property management unit to a rival, as...<\/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-122716","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-vVi","jetpack-related-posts":[{"id":122736,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hopson-says-it-considers-agreement-to-buy-evergrande-unit-to-be-legally-binding-despite-cancellation\/","url_meta":{"origin":122716,"position":0},"title":"Hopson says it considers agreement to buy Evergrande unit to be \u2018legally binding\u2019 despite cancellation","date":"October 22, 2021","format":false,"excerpt":"\r China Evergrande rival Hopson Development Holdings Limited, which had sought to buy half of the embattled developer\u2019s property management unit, still considers the purchase agreement \u201clegally binding\u201d despite Evergrande rescinding the sale on October 12, according to a company filing with the Hong Kong stock exchange.\u201cHaving sought legal advice,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-auditor-resignations-trigger-alarm-bells-amid-hidden-debt-at-chinese-property-developers\/","url_meta":{"origin":122716,"position":1},"title":"Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers","date":"February 16, 2022","format":false,"excerpt":"\r A spate of auditor resignations at Chinese property companies is reigniting concerns about financial transparency in an industry facing a credit squeeze and more than US$60 billion of bond redemptions this year.PwC quit its role at Hopson Development on January 27, citing inadequate access to necessary information, while Deloitte\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":122716,"position":2},"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":126956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-loses-ally-after-state-owned-china-railway-puts-its-stake-in-real-estate-unit-up-for-sale\/","url_meta":{"origin":122716,"position":3},"title":"Evergrande loses ally after state-owned China Railway puts its stake in real estate unit up for sale","date":"June 7, 2022","format":false,"excerpt":"\r China Railway Construction Investment Group said that it plans to sell 49 per cent of its equity in an Evergrande-controlled enterprise, Evergrande Real Estate (Shenzhen), for a minimum of US$398.8 million.\r \r Source : South China Morning Post\r Read more...Evergrande loses ally after state-owned China Railway puts its stake\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-jump-as-indebted-developer-confirms-asset-sale-talks\/","url_meta":{"origin":122716,"position":4},"title":"Evergrande shares jump as indebted developer confirms asset sale talks","date":"August 11, 2021","format":false,"excerpt":"\r Chinese group in negotiations to offload stakes in electric vehicle and property management units\r \r Source : ft.com\r Read more...Evergrande shares jump as indebted developer confirms asset sale talks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123722,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-chair-resists-asset-fire-sale-as-group-teeters-on-default\/","url_meta":{"origin":122716,"position":5},"title":"Evergrande chair resists asset fire sale as group teeters on default","date":"December 9, 2021","format":false,"excerpt":"\r Bondholders prepared for worst as world\u2019s most indebted developer faces state-supervised overhaul\r \r Source : ft.com\r Read more...Evergrande chair resists asset fire sale as group teeters on default","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\/122716"}],"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=122716"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}