The construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for the Guangzhou FC developed by China Evergrande Group, on September 26, 2021. Photo: Reuters.
The construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for the Guangzhou FC developed by China Evergrande Group, on September 26, 2021. Photo: Reuters.

Evergrande’s fire sale continues as founder Hui Ka-yan disposes of corporate and personal assets to avert defaulting on debt

  • Evergrande last week sold the Dutch electric motor maker e-Traction to Saietta Group at a 97 per cent discount to its 2019 purchase price
  • With more than US$300 billion in total liabilities, Evergrande has so far averted default three times, coming up with capital to pay its overdue coupons and interests

Topic |   China Evergrande Group
The construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for the Guangzhou FC developed by China Evergrande Group, on September 26, 2021. Photo: Reuters.
The construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for the Guangzhou FC developed by China Evergrande Group, on September 26, 2021. Photo: Reuters.
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