Highly leveraged property firm China Evergrande Group is in talks with financial institutions to raise about $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.

Topics:  china evergrande group   hong kong   billion   tower   sources   
BING NEWS:
  • Brace for ‘third wave’ of China bond defaults amid high financing costs, slow growth and tighter state policies, S&P says
    China could face a third wave of corporate bond defaults at home and abroad this year, as high financing costs, slow economic growth and tight government policies heap pressure on the country’s ...
    04/23/2024 - 1:29 am | View Link
  • Ares Seeks to Buy Most of $1.3 Billion Hong Kong Tower Loan
    Alternative investment manager Ares Management Corp. has sent a proposal in recent days to some banks to buy out a stake in a HK$10.2 billion ($1.3 billion) project loan backing luxury-property ...
    04/8/2024 - 2:15 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News