{"id":122736,"date":"2021-10-22T05:30:20","date_gmt":"2021-10-21T22:30:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hopson-says-it-considers-agreement-to-buy-evergrande-unit-to-be-legally-binding-despite-cancellation\/"},"modified":"2021-10-22T07:03:33","modified_gmt":"2021-10-22T00:03:33","slug":"hopson-says-it-considers-agreement-to-buy-evergrande-unit-to-be-legally-binding-despite-cancellation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hopson-says-it-considers-agreement-to-buy-evergrande-unit-to-be-legally-binding-despite-cancellation\/","title":{"rendered":"Hopson says it considers agreement to buy Evergrande unit to be \u2018legally binding\u2019 despite cancellation"},"content":{"rendered":"


\nChina 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, the company considers the agreement legally binding and the acquisition is not subject to the fulfilment of any conditions precedent,\u201d Hopson said in a\u2026
\n
\nSource : South China Morning Post
\nRead more…Hopson says it considers agreement to buy Evergrande unit to be \u2018legally binding\u2019 despite cancellation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande rival Hopson Development Holdings Limited, which had sought to buy half of the...<\/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-122736","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-vVC","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":122736,"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":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":122736,"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":118751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-faces-possible-snag-in-land-deal-as-shenzhen-partner-calls-for-care-more-discussion-on-reorganisation-plan\/","url_meta":{"origin":122736,"position":2},"title":"China Evergrande faces possible snag in land deal as Shenzhen partner calls for care, more discussion on reorganisation plan","date":"September 28, 2020","format":false,"excerpt":"\r China Evergrande, the nation\u2019s most indebted developer, faces another potential snag in an attempt to reorganise its sprawling property assets after its partner in Shenzhen called for care and patience in assessing the deal.Shenzhen Special Economic Zone Real Estate & Properties (Shenzhen SEZ), which is supposed to buy Evergrande\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-to-buy-property-projects-off-its-ev-unit-to-sweeten-us19-billion-debt-restructuring-plan\/","url_meta":{"origin":122736,"position":3},"title":"Evergrande to buy property projects off its EV unit to sweeten US$19 billion debt restructuring plan","date":"April 25, 2023","format":false,"excerpt":"\r Evergrande seeks better stock market valuation for its electric car segment by improved focus and specialisation amid the group\u2019s proposal to swap its deeply distressed offshore bonds for shares of some of its affiliates, such as Evergrande NEV.\r \r Source : South China Morning Post\r Read more...Evergrande to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-to-bring-property-unit-back-to-mainland-through-backdoor-listing\/","url_meta":{"origin":122736,"position":4},"title":"China Evergrande to bring property unit back to mainland through backdoor listing","date":"October 3, 2016","format":false,"excerpt":"\r Hong Kong-listed China Evergrande Group is bringing its core property business back to the mainland Chinese stock market through the acquisition of a Shenzhen listed developer. Shenzhen Special Economic Zone Real Estate & Properties will buy 100 per cent of the equity interest in Hengda Real Estate, the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-aims-for-offshore-debt-restructuring-agreement-with-creditors-by-end-of-march-hong-kong-court-hears\/","url_meta":{"origin":122736,"position":5},"title":"China Evergrande aims for offshore debt restructuring agreement with creditors by end of March, Hong Kong court hears","date":"March 20, 2023","format":false,"excerpt":"\r The heavily indebted developer told a Hong Kong court it had the support of its overseas creditors for the proposed restructuring, and will publish the term sheets as early as Wednesday.\r \r Source : South China Morning Post\r Read more...China Evergrande aims for offshore debt restructuring agreement with creditors\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\/122736"}],"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=122736"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}