China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua
China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua

China Evergrande pre-empts US$19 billion cash crunch as investors drop repayment option in Shenzhen reorganisation plan

  • Most investors who poured in 130 billion yuan into Hengda unit have agreed to drop a repayment option in much-delayed Shenzhen deal
  • New terms should ease concerns about the group’s liquidity, according to CGS-CIMB analyst

Topic |   China property
China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua
China Evergrande’s billionaire chairman Hui Ka-yan is taking steps to implement the group’s three-low (debt, leverage, cost) and one-high (turnover) development strategy. Photo: Xinhua
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