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Evergrande Sold Two Gulfstream G650 Jets To Repay Foreign Creditors

Evergrande Sold Two Gulfstream G650 Jets To Repay Foreign Creditors

BY Tyler Durden | ZeroHedge After weeks of setbacks in the insolvent company’s attempt to liquidate its assets and repay creditors, China Evergrande finally had some success in raising capital when it sold two of its private jets for more than $50 million last month; according to the WSJ the money from the sale was used […]

Beijing Tells Evergrande’s Billionaire Founder To Repay The Insolvent Company’s Debts

Beijing Tells Evergrande’s Billionaire Founder To Repay The Insolvent Company’s Debts

BY Tyler Durden | ZeroHedge Hui Ka Yan, founder of China Evergrande Group, had once amassed a fortune of $42.5 billion, placing him at the top of the wealth rankings for all of Asia. But 73% of that immense fortune has now evaporated, and the tycoon will almost certainly lose even more as anxious creditors, […]

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

BY Tyler Durden | ZeroHedge After weeks of being halted for trading since the last day of September, on Thursday trading in shares of China’s most insolvent property developer, Evergrande, resumed. In retrospect, it was not a great idea. Evergrande shares slumped as much as 14.2% after the debt-strapped developer sought unsuccessfully to sell a controlling […]