China’s Evergrande Lender Seizes Firm’s US$1.2 Billion Headquarters

After its shocking debt default in December 2021, Evergrande Real Estate Group is facing a possible takeover. One of the Chinese developer’s lenders just took over the firm’s Hong Kong headquarters. As people familiar with the story told Financial Times, the still unidentified lender informed Evergrande that it had appointed a receiver to take charge … Continue reading China’s Evergrande Lender Seizes Firm’s US$1.2 Billion Headquarters