Evergrande is reported to sell luxury super yachts to raise 30 million euros to debt

This year China Evergrande Group this year this yearEarlier, it sold its luxury super yachts for about 30 million euros (about 43.37 million yuan) to raise funds to repay the funds.

Reuters on Friday (September 29) quoted people familiar with the matter that the sale transaction of the 60 -meter long luxury super yacht Event was part of Evergrande's sales of its non -core assets.

But reported that Evergrande's overseas assets were much less than the overseas debt of Evergrande's overseas debt as high as US $ 31.7 billion (S $ 43.3 billion).Evergrande's decision to sell luxury super yachts means that the options of overseas creditors in liquidation procedures will be reduced.

Data show that this luxurious super yacht Event was manufactured by the Netherlands in 2013 and won the World Super Yacht Award in the following year.In some Chinese media reports in the past two years, its valuation has reached $ 60 million.

Sources said that Event was registered in the name of Evergrande, so the money raised by the sale of yachts will be returned to Evergrande.

This is not the first time Evergrande sells non -core assets to raise funds.Evergrande sold a Boeing private aircraft at a price of $ 100 million last year; in 2021, Evergrande also sold two Bay Stream Jets, raised more than $ 50 million.

Evergrande Group burst for the first time in December 2021, with severe funding for debt.As of the end of June this year, Evergrande's total liabilities were RMB 2.39 trillion (about S $ 447.5 billion).

In the past two years, Evergrande Group has been trying to negotiate with domestic and foreign creditors on debt restructuring.However, in September this year, Xu Jiayin, the founder of Evergrande Group, was taken by the police. Many executives were investigated and the debt restructuring meeting was suspended, which caused the group's debt restructuring process to face a dilemma.

Reuters on Tuesday that if Evergrande failed to submit a new debt restructuring plan by the end of October, the overseas creditor group plans to join the Clearance Court for Evergrande.