China Evergrande Group (EV1.BE)
- Reuters
China Evergrande gets court notice regarding unit's $280 million recovery claim
The proceedings brought by unit Jinbi Property Management Company are related to the enforcement of Evergrande Property Services' deposit pledge of about 13.4 billion yuan. Last week, Evergrande Property Services received a notice from the Guangzhou Intermediate People's Court of Guangdong Province formally accepting the filing of the case. Parent Evergrande had said in February it was in talks with Evergrande Property Services to repay the funds.
- Bloomberg
Evergrande Creditors Regroup as Liquidation Advocate Hesitates
(Bloomberg) -- China Evergrande Group’s chief agitator calling for its liquidation is suddenly backpedaling, but the line of creditors who may take up the torch doesn’t end there. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtTreasury Yields Fall With Economic Data in Focus: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsPutin’s Gulf Visit Defies Efforts to Isolate Him Over Wa
- Financial Times
Evergrande: liquidation would leave China with 1.5mn angry homebuyers
Offshore creditors have shown little enthusiasm for the group’s debt restructuring proposals, and one cannot blame them
