Core Viewpoint - China Evergrande Group is accelerating the disposal of its non-performing assets following a key ruling by the Hong Kong High Court regarding its liquidation process, with a total of approximately 11.3 billion yuan in bad debts being put up for sale [1][3][4]. Group 1: Asset Disposal - A total of 12 non-performing debts from the "Evergrande system" have been listed for sale, amounting to approximately 11.3 billion yuan, marking the largest batch transfer of Evergrande's assets by asset management companies since the company's crisis began [3][4]. - The disposed debts involve projects in nine major cities, including Beijing, Guangzhou, and Tianjin, primarily consisting of unfinished or unsold properties [6][4]. - Specific debts include 2.477 billion yuan related to the Tianjin project, 1.387 billion yuan for a project in Beijing, and 1.604 billion yuan for a project in Zhengzhou, among others [6][7]. Group 2: Overseas Liquidation Challenges - Concurrently, the company is facing significant challenges in its overseas liquidation process, with the Hong Kong High Court appointing joint liquidators for its subsidiary, CEG Holdings [8][11]. - The liquidators aim to preserve the group's assets for the benefit of creditors, but the complexity of international legal procedures poses difficulties in asset recovery [12][11]. - The liquidators have indicated that Evergrande's overseas assets available for disposal are less than 10 billion Hong Kong dollars, including shares in Evergrande Property and other investments [11][12].
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