Receivers have been appointed over land in Hong Kong that troubled developer Evergrande used as collateral for a $520 million loan
Receivers have been appointed over land in Hong Kong that China Evergrande Group used as collateral for a $520 million loan, but the sale of the plotEvergrande was notified on
Wednesday about the move, which relates to a plot of undeveloped residential land located in Yuen Long, the property company said in a filing late Sunday in Hong Kong. It didn’t name the lender.
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