{"id":124306,"date":"2022-01-21T19:00:23","date_gmt":"2022-01-21T12:00:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-chinese-developer-hiring-more-legal-advisers-to-tackle-debt\/"},"modified":"2022-01-21T20:04:53","modified_gmt":"2022-01-21T13:04:53","slug":"evergrande-crisis-chinese-developer-hiring-more-legal-advisers-to-tackle-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-chinese-developer-hiring-more-legal-advisers-to-tackle-debt\/","title":{"rendered":"Evergrande crisis: Chinese developer hiring more legal advisers to tackle debt"},"content":{"rendered":"


\nChina Evergrande Group said it was hiring more financial and legal advisers to deal with creditors\u2019 demands, after a group of offshore bondholders warned of enforcement action, taking it a step forward in resolving its debt issues.The embattled developer, struggling with 1.97 trillion yuan (US$305 billion) of liabilities, said in an exchange filing on Friday that it was seeking to hire China International Capital Corp and BOCI Asia as financial advisers, and Zhong Lun Law Firm as legal adviser\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande crisis: Chinese developer hiring more legal advisers to tackle debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande Group said it was hiring more financial and legal advisers to deal with...<\/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-124306","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-wkW","jetpack-related-posts":[{"id":122515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-developer-modern-land-china-seeks-debt-extension-to-repay-us87-5-million-early\/","url_meta":{"origin":124306,"position":0},"title":"Evergrande crisis: developer Modern Land (China) seeks debt extension, to repay US$87.5 million early","date":"October 11, 2021","format":false,"excerpt":"\r Property developer Modern Land (China) on Monday asked its debt holders for a three-month extension on a US$250 million bond set to come due later this month to avoid a potential default, as concerns continue to swirl around the embattled China Evergrande Group and the Chinese property sector\u2019s debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-has-not-engaged-with-offshore-bondholders-since-payments-miss-holders-advisers-say\/","url_meta":{"origin":124306,"position":1},"title":"Evergrande has not engaged with offshore bondholders since payments miss, holders\u2019 advisers say","date":"October 8, 2021","format":false,"excerpt":"\r A group of China Evergrande Group\u2019s offshore bondholders said the property developer had not engaged with them since missing interest payments on two dollar-denominated bonds in September, and that they were concerned about potential asset flows to other creditors.The first public comments from offshore bondholders about the missed payments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-regulators-summon-evergrande-executives-urge-them-to-keep-operations-stable-diffuse-debt-risks\/","url_meta":{"origin":124306,"position":2},"title":"Chinese regulators summon Evergrande executives, urge them to keep operations stable, diffuse debt risks","date":"August 19, 2021","format":false,"excerpt":"\r China Evergrande Group has become the latest Chinese company to be given a talking-to by the country\u2019s top financial regulators.The People\u2019s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) said on Thursday that they had summoned China Evergrande executives for a meeting, urging the world\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-hit-by-a-us2-71-billion-stock-sell-off-threatens-to-sue-lender-as-debt-controversy-turns-ugly\/","url_meta":{"origin":124306,"position":3},"title":"China Evergrande, hit by a US$2.71 billion stock sell-off, threatens to sue lender as debt controversy turns ugly","date":"July 19, 2021","format":false,"excerpt":"\r China Evergrande has threatened to take legal action against a local bank after the lender froze some of its deposits onshore to recover a loan, highlighting another episode of market jitters and controversy surrounding the builder\u2019s creditworthiness.The Shenzhen-based developer, the nation\u2019s most-indebted by some yardsticks, is planning to sue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-china-faces-challenging-trade-offs-in-addressing-developers-debt-crisis-imf-says\/","url_meta":{"origin":124306,"position":4},"title":"Evergrande: China faces \u2018challenging trade-offs\u2019 in addressing developer\u2019s debt crisis, IMF says","date":"October 13, 2021","format":false,"excerpt":"\r Beijing is facing \u201cchallenging trade-offs\u201d as it seeks to address the crisis surrounding embattled developer China Evergrande Group and the pressure it is placing on the country\u2019s property sector, according to the International Monetary Fund (IMF).As part of its Global Financial Stability Report released overnight, the IMF said China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion\/","url_meta":{"origin":124306,"position":5},"title":"Evergrande crisis: four grandiose projects that sum up indebted Chinese developer\u2019s \u2018reckless expansion\u2019","date":"January 5, 2022","format":false,"excerpt":"\r China Evergrande is lurching from one crisis to another. From its home delivery snag to ongoing debt repayment troubles, more than US$52 billion of market value has been erased from the slump in its two flagship entities in Hong Kong over the past 12 months.The group had 1.97 trillion\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\/124306"}],"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=124306"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}