China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong
China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong

China Evergrande rues speculative attack amid cash woes ahead of January 31 deadline while takeover plan remains stuck

  • China Evergrande faces a January 31 deadline to repay 130 billion yuan if its restructuring plan does not get the green light
  • Short interest surged to a five-week high as a letter shows Evergrande pleading for government help to approve a takeover plan from 2016. The letter was fabricated, Evergrande said in a ‘solemn declaration’

Topic |   China property
China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong
China Evergrande Group’s chairman Hui Ka-yan during the company’s 2017 results press conference at the Four Seasons Hotel in Central on 26 March 2018. Photo: David Wong
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