


Core Viewpoint - The court-appointed liquidators of China Evergrande are seeking potential buyers for its subsidiary Evergrande Property, highlighting significant asset value amid ongoing liquidation proceedings [1] Group 1: Liquidation Process - The liquidators are in discussions with UBS and CITIC Securities regarding the sale of Evergrande Property [1] - Creditors are particularly focused on the handling of Evergrande Property assets, which have a market value of HKD 9 billion and generated revenue of RMB 12.8 billion last year [1] Group 2: Financial Performance - Evergrande's shares have been suspended since the court ordered liquidation in January of the previous year, with a formal delisting scheduled for August 25 [1] - The first progress report from the liquidators indicates that only HKD 2 billion worth of non-core assets have been liquidated, representing less than 1% of the group's total assets as of 2022 [1] Group 3: Challenges in Asset Recovery - The complexity of Evergrande's business operations poses challenges for asset recovery, and the overall value of the liquidation process remains unclear [1] - The liquidators are unable to provide guidance on debt repayment expectations due to the ambiguous nature of the asset and liability values [1]