(Hong Kong News) Evergrande Evergrande, a Chinese real estate giant that is trapped in the debt crisis, is about to face Clear Hearing In Ji, the two mansion of the founder of Evergrande Xu Jiayin was taken over by the creditors.
According to the Hong Kong media "Hong Kong 01", the creditors have submitted documents to Hong Kong officials on Tuesday (November 21), requiring to take over the two luxury homes on the top of the mountain top of Xu Jiayin, which can be approved within the expected day.The market value of the two luxury homes exceeded HK $ 1.5 billion (S $ 258 million).
It is reported that Xu Jiayin is suspected to be "Technical Divorce" , the mansion reported in recent years.It will be one of the one who is taken over.
Xujiayin bought the three houses of three housing housing No. 10 in the Galian Tu Ling Tuqi in Hong Kong in the early years. One of them was taken over by the debt agent in November last year. At that time, it was valued at HK $ 880 million.The takeover means that the three mountain -top mansions that Xu Jiayin have been taken over.
Xu Jiayin was adopted by the Chinese police in September this year.Evergrande, which was about US $ 327 billion (S $ 447.6 billion), was originally scheduled to face a liquidation in October. Later, due to time adjustment and discussing the amendment to the debt reorganization plan, Hong Kong judges will be retired until December 4.Frankly this is Evergrande's "last opportunity".If Evergrande fails to submit a plan, it is likely to give a liquidation and become the largest real estate developer in Hong Kong's history.
