(Shanghai / Hong Kong Comprehensive News) China Evergrande Group issued an announcement on the Hong Kong Stock Exchange on the evening of Sunday (November 6) that a pledged assets have been taken over by $ 637 million (S $ 897 million) by assets.sell.
Comprehensive First Financial Network and "Hong Kong 01" reported, Evergrande announced that the company had received a notice from assets to take over the assets that the assets involved in the pledged label, that is, the equity of the relevant affiliated companies that directly held the project and the inter -company liabilities of the company's inter -company liabilities directly held the project., Has been sold by assets to sell the above prices.The sale of the money will be used to repay the financial obligations of Evergrande in the project in the project, and it is expected that the project will record about $ 770 million in losses.
Evergrande issued an announcement in January this year, disclosed that the equity of several subsidiaries of Evergrande and the liabilities of the company's inter -company's inter -company's liabilities were taken over.The guarantee of the transaction is an uns development land located in Yuen Long, Hong Kong.
Evergrande Group purchased this project from Hengdi Real Estate for the price of HK $ 4.7 billion (S $ 843 million) in 2019.The land was located in Yuen Long and Shengwei. At that time, it was planned to build a low -density villa area, including a super mansion "palace house".
After falling into a financial dilemma, Evergrande will use the land as a mortgage for overseas debt restructuring.At the creditor's conference call in late March, Evergrande's non -executive director Liang Linlin mentioned the above -mentioned Hong Kong Yuen Long project, which was taken over by Oak Capital by non -performing asset management enterprises in the United States.
