This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Separately, Evergrande sold shares in its internet unit HengTen Networks Group for $570mn to ease funding pressures as per Caixin citing a filing. The shares were bought by Ke Liming, owner of Pumpkin Films Ltd. Sources as per Bloomberg say that three banks with a combined CNY 46bn yuan ($7.1bn)
in exposure to Evergrande as of June 2020 have decided to renew loans to the company when they mature this year and that some trust firms are reassessing their lending exposure.. They add that three other banks are allowing Evergrande to roll over portions of credit lines it has already tapped but are limiting access to any untapped credit.