seach-icon
  • user-img

    QONEQT in News

    26-Sep-2022 06:49 AM


    thumbnail

    Tender to sell Evergrande's Hong Kong headquarters to close on Oct 31 By Reuters

    The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021.

    REUTERS/Aly Song/File Photo HONG KONG (Reuters) - A tender sale of China Evergrande Group's headquarters in Hong Kong will close on Oct. 31, real estate services firm Savills said, appointed by receivers to dispose of the asset.

    Lenders of struggling Evergrande appointed receiver Alvarez and Marsal earlier this month to seize the China Evergrande Center in Hong Kong, a Companies Registry filing showed, as the world's most indebted developer struggles to emerge from its debt crisis.
    Savills said in a statement on Sunday the sale of the 27-storey office tower in the Wan Chai district will include existing tenancies.

    Saddled with more than $300 billion in liabilities, Evergrande has been trying to sell the headquarters since the second half of last year as part of the asset disposal effort to raise funds but did not see any success.
    Source: Investing.com
    #Evergrande